Botswana President Appoints Akinwole II Omoboriowo as Vice Chairman of Botswana Power Corporation’s Board of Directors Omoboriowo currently serves as Chair/CEO of GENESIS Energy Group
Emmanuel Addeh in Abuja
Botswana’s energy sector is set to
gain a new strong voice with clear vision at its highest levels following the appointment of Nigerian energy
leader Akinwole II Omoboriowo as Board Member and Vice Chairman of the Botswana Power Corpora-
Says it’s an opportunity to contribute to critical national institution
tion’s (BPC) Board of Directors. The move, confirmed on BPC’s official website, comes as the nation seeks to
address persistent electricity supply challenges, expand its renewable energy footprint and become a net
exporter of clean energy within a Continued on page 9
Police Council Okays Tunji Disu’s Appointment as IGP... Page 6 Tuesday 3 March, 2026 Vol 31. No 11286. Price: N400
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Oil Market Impacted as Iran Closes Strait of Hormuz, Vows to Attack Errant Ships Trump to Iran: ‘Big wave’ yet to come, attacks escalate Dubai, others announce limited flight resumption Khamenei's wife dies from injuries Gulf states consider military response, US death toll hits 6 US fighter jets accidentally shot down by Kuwait Emmanuel Addeh in Abuja
The Iranian Revolutionary Guards
said yesterday that the Strait of Hormuz has been closed, maintaining that it will fire on any ship trying
to pass through the area, It was Iran's most explicit warning since telling ships it was closing
the export route at the weekend, a move that threatens to choke a fifth of global oil flows and send
crude prices sharply higher. "The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of
the Revolutionary Guards and the Continued on page 9
Cardoso: Net Reserves Jump 772% from $3.99bn to $34.8bn in Two Years
Links outcome to benefits of increased transparency, credibility in FX mgt, investor confidence boost, stronger liquidity inflows James Emejo in Abuja and Nume Ekeghe in Lagos The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, disclosed that Nigeria’s net foreign exchange reserves rose sharply by 772 percent in two years, climbing from $3.99
billion at the end of 2023 to $34.80 billion as of December 2025. Cardoso disclosed this in a statement yesterday. The CBN Governor had, during the post-Monetary Policy Committee (MPC) press briefing last week, Continued on page 9
Reuters: FG Splits OPL 245 Oilfield in Deal BOTSWANA’S PRESIDENT MEETS OMOBORIOWO... His Excellency Advocate Duma Boko, President of the Republic of Botswana (left) and Akinwole II Omoboriowo, Chairman with Eni, Shell...Page 9 and CEO, GENESIS Energy Group and newly appointed Vice Chairman, Botswana Power Corporation (BPC) … recently