By Mariam  Eko Nigeria’s average crude oil production in 2025  increased to 1.64 million barrels per day (mbpd), representing a 5.8 per cent year-on-year rise from 1.55mbpd in the corresponding period of 2024, the Independent Petroleum Producers Group (IPPG) has said.  Chairman of IPPG, Mr. Adegbite Falade, disclosed this at the just-concluded Nigeria International Energy Summit […]

Former Minister of External Affairs, Bolaji Akinyemi, has paid tribute to late United States civil rights leader Jesse Jackson, recounting his active involvement in Nigeria’s June 12 pro-democracy struggle.

By Soni Daniel, Northern Regional Editor, & Obas Esiedesa The Nigerian National Petroleum Company Limited (NNPC Ltd) has disclosed plans to supply an additional 1.8 billion cubic feet of gas per day (bcf/d) in 2026 to meet rising demand in the domestic market.  The company, which made this known at a media briefing with the Nigeria […]

By Peter Egwuatu PRESIDENT Bola Tinubu, yesterday, signed an Executive Order (EO) to boost oil and gas revenues flowing into Nigeria’s Federation Account by eliminating wasteful deductions under the Petroleum Industry Act (PIA). According to the statement issued by the Presidential spokesman, Bayo Onanuga, the Executive Order is anchored on Section 44(3) of the Constitution, which […]

By Godwin Oritse  Business leaders, at the European Business Chamber Nigeria (Eurocham) Annual Conference and Expo, have emphasised that predictable and stable economic regulations are essential to sustaining investor confidence and attracting long-term capital commitments. Speaking at the roundtable on European Business Perspectives in Nigeria, Chief Executive Officer, APM Terminals Nigeria, Frederik Klinke, said that while […]

The House of Representatives has commended the Inspector-General of Police (IGP) and the Nigeria Police Force for what it described as “exceptional service” in protecting pipelines, depots and other downstream petroleum infrastructure critical to Nigeria’s economy.

By Peter Egwuatu Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its N500 billion Commercial Paper Issuance Programme. The two series, with a combined value of N119.87 billion, were admitted to trading on NGX on 18 February […]

As FRC, SALI, RCRA sign MoU By Progress Godfrey Nigeria has taken a decisive step towards modernising corporate disclosure with the adoption of digital sustainable financial reporting, following the signing of a Memorandum of Understanding (MoU) between the Financial Reporting Council of Nigeria (FRC), SALI Technologies and Regulatory Compliance Readiness Advisors (RCRA), Limited. The concession agreement […]

Nigeria’s Minister of Finance and coordinating Minister of the Economy, Wale Edun was on Wednesday appointed Commander of the Royal Victorian Order at an investiture ceremony hosted by Princess Catherine on behalf of King Charles at Windsor Castle.

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has stated that the latest inflation data released by the National Bureau of Statistics (NBS) indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to […]