Business
NNPC Continues Search for Bodies After Port Harcourt Helicopter Crash
The Nigerian National Petroleum Corporation (NNPC) has provided an update on the ongoing search efforts following Thursday’s tragic helicopter crash in Port Harcourt.
The crash, involving a helicopter operated by East Winds Aviation, left three people confirmed dead, with their bodies recovered from the damage.
However, NNPC confirmed that despite thorough search and rescue operations, no additional bodies have been found so far.
In a statement shared on their X account, Olufemi Soneye, NNPC’s Chief Corporate Communications Officer, expressed deep sympathy for the families affected by this incident.
He assured the public that the search for any remaining passengers continues, with NNPC actively collaborating with rescue teams and relevant authorities.
The crash has shaken Port Harcourt and raised questions about air safety, particularly in helicopter services within the oil-rich Niger Delta region.
East Winds Aviation, the operator of the flight, provides essential air transportation for companies operating in remote and challenging environments, often transporting personnel and goods to onshore and offshore oil facilities.
As search teams continue their work, the families of those still missing wait anxiously for answers.
NNPC has reassured them of its unrelenting efforts to locate their loved ones and bring closure to this sorrowful chapter.
The company has requested the public’s thoughts and prayers, emphasizing that in such moments, community solidarity and support mean more than ever.
Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.
This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.
The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”
The Central Bank of Nigeria (CBN) recently assured stakeholders about the state of the banking sector in Nigeria, stating that the banking sector can still be trusted and is secure.
The assurance was shared in a statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. In the statement, it was emphasized that stakeholders should disregard any negative news concerning the banking sector, as such reports are misleading.
The CBN also highlighted the security of the deposits entrusted to it, stating, “There is no reason for the public to worry about the security of their deposits.” The extent of the measures and security in place was also emphasized by the director in the statement.
Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
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