Nigeria’s oil exploration drops 45% on limited activities

Nigeria’s oil exploration drops 45% on limited activities

By Udeme Akpan, Energy Editor Nigeria’s oil exploration declined by 45 per cent month-on-month (MoM) in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the nation’s rig count  a key indicator of upstream oil and gas activity  fell to 22 in February 2026, down from 40 recorded […]
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APC pressuring INEC to undermine us after Kwankwaso’s defection – ADC

APC pressuring INEC to undermine us after Kwankwaso’s defection – ADC

By Luminous Jannamike ABUJA — African Democratic Congress, ADC, has accused the All Progressives Congress, APC, of putting pressure on the Independent National Electoral Commission, INEC, to interfere in its internal affairs, saying there was coordinated effort to destabilise the party following the defection of Rabiu Kwankwaso. The party said this goes beyond an internal dispute, warning that what was happening raised serious concerns […]

Court rules on el-Rufai’s bail today 

Court rules on el-Rufai’s bail today 

Federal High Court, sitting in Kaduna, yesterday, adjourned ruling on the bail application filed by former Kaduna State governor, Nasir el-Rufai, till today

Naira depreciates to N1,420/$ in parallel market

Naira depreciates to N1,420/$ in parallel market

By Elizabeth Adegbesan THE Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,415 per dollar Monday.   Likewise, the naira depreciated to N1,387 per dollar in the Nigerian Foreign Exchange Market, NFEM.    Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to […]