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DSS takes over probe of attack, alleged abduction of Obaseki

DSS takes over probe of attack, alleged abduction of Obaseki

THE last may not have been heard of the recent attack on media mogul, Don Pedro Obaseki over an alleged remarks about the Benin monarchy while in Europe as the Department of State Services, DSS, may have formally taken over the investigation into the attack.

Oil industry contracting: NCDMB issues NCEC guidance notes, rules out transfer of certificate

Oil industry contracting: NCDMB issues NCEC guidance notes, rules out transfer of certificate

By Udeme Akpan Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from December 2025. The document which is available on the Board’s website […]

Cabotage fund to be disbursed soon —NIMASA

Cabotage fund to be disbursed soon —NIMASA

By Ediri Ejoh The Nigerian Maritime Administration and Safety Agency (NIMASA) has said the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed in the coming months, with rollout expected in the second quarter of 2026. Director General of NIMASA, Dr. Dayo Mobereola, represented by Mrs. Nneka Obianyor, Director of Reforms Coordination and Blue Economy, disclosed […]

FG, States, LGAs share N26.5trn in 2025

FG, States, LGAs share N26.5trn in 2025

•As oil producing states receive N1.6 trn By Elizabeth Adegbesan The Federal Government (FG), 36 states and 774 local governments shared N26 trillion from   Federation Account Allocation Committee (FAAC) revenue    in 2025. This represents an 84.2 percent year-on-year (YoY) increase when compared to N14.11 trillion shared in 2024.   Vanguard analysis of data in the FAAC […]

Most GenCos lack bankable gas sales agreement — NMDPRA

Most GenCos lack bankable gas sales agreement — NMDPRA

By Obas Esiedesa The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Saidu Mohammed, has blamed the persistent electricity supply challenge in Nigeria on weak commercial arrangements in the gas-to-power segment, rather than lack of gas resources or generation capacity. Mohammed noted that while Nigeria currently produces about eight billion standard […]

Women spend 21% of day on Unpaid Care, men 4% — NBS

Women spend 21% of day on Unpaid Care, men 4% — NBS

Says  Unpaid Work gap persists across urban, rural Nigeria By Babajide Komolafe Women in Nigeria spend 21 per cent of their day  nearly five hours  on unpaid domestic and care work, compared to just 4.1 per cent, or about one hour, spent by men, according to the Nigeria Time Use Survey (NTUS) 2024 released by the National […]

NDIC pays depositors of defunct banks within 72 hours via BVN —Executive Director

NDIC pays depositors of defunct banks within 72 hours via BVN —Executive Director

By Bashir Bello KANO — The Nigeria Deposit Insurance Corporation, NDIC, said it has settled or reimbursed depositors of defunct banks within 72 hours of their closure. The affected banks include, Heritage Bank Limited, Union Homes Plc and Aso Savings and Loans Plc. Speaking during a one day stakeholders meeting held in Kano, the NDIC Executive […]

US to Deport 18 Nigerians on ‘Worst-of-the-Worst’ criminal list

US to Deport 18 Nigerians on ‘Worst-of-the-Worst’ criminal list

The United States Department of Homeland Security (DHS) has announced plans to deport an additional 18 Nigerians listed on its “worst-of-the-worst” criminal register, bringing the total number of Nigerians slated for removal to 97. The DHS website on Monday showed that 18 more names had been added, indicating an expansion of the ongoing enforcement exercise […]