The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reassured its commitment to transparency and adoption of merit-based procedures for the emergence of winners of oil and gas blocks in the ongoing 2025 licensing bid round. This was part of the message from the Commission during the 2025 Licensing Round Pre-Bid Webinar held on Wednesday, January …
As global financial markets converge, Nigerian traders are becoming early adopters of hybrid trading models that blend digital assets and traditional financial instruments. MEXC, a digital exchange platform, has recorded an innovative feat in Nigeria by integrating cryptocurrency and traditional finance (TradFi) assets on one platform, offering zero-fee trading promotions that put more profits …
Civil society groups and rights activists have condemned the police crackdown on residents of waterfront communities who staged a protest at the Lagos State House of Assembly on Wednesday, January 28, over forced eviction and demolition of their properties. They called on the Lagos State Police Command to unconditionally release all the protesters arrested, including …
Officers of the Lagos State Police Command on Wednesday, January 26, fired teargas canisters and also opened fire on people who staged a protest at the State House of Assembly over the ongoing eviction and demolition of buildings in waterfront communities. The protesters who gathered at the Lagos State House of Assembly complex were residents …
Heavily armed Police officers have surrounded Ikeja under bridge, where a protest against forceful eviction and demolition of houses in Lagos waterfront communities is scheduled to kick off today, January 26. The protest organised by a group called Coalition against Demolition, Forced Eviction, Land grabbing and Displacement in Lagos State, is against ongoing demolitions and …
In a landmark move for Nigeria’s energy sector, the Federal Government has successfully issued a ₦501 billion inaugural bond to settle decade-old debts owed to Generation Companies (GenCos). The bond issuance, which closed on January 27, 2026, marks the first major tranche of the Presidential Power Sector Debt Reduction Programme (PPSDRP). The bond issuance recorded …
Dangote Petroleum Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), also known as petrol, to ₦799 from ₦699, reflecting a ₦100 increase. Also, the refinery’s distribution partners, such as MRS retail outlets, are now selling at ₦839 per litre, a ₦100 increase from ₦739 previously. This was announced in …
The power grid has collapsed again, causing a nationwide blackout. This comes four days after the first major incident in 2026. Electricity supply from the grid to distribution companies (DisCos) across the country dropped to 0.00 megawatts (MW) from over 4,000MW on Tuesday morning, reflecting a nationwide power outage. Real-time data displayed on the Nigerian …
Anambra State Governor, Prof. Chukwuma Soludo, has ordered the closure of the Onitsha Main Market for one week over failure of traders to stop observing sit-at-home on Mondays. Justifying his action, Soludo, in a statement posted on his X handle on Monday, January 26, described the persisting Monday sit-at-home as “economic sabotage.” The governor, who …
The Nigerian National Petroleum Company Limited (NNPCL) has said its collaboration with Chevron Nigeria Limited (CNL), through a joint venture (JV) agreement, is targeted at ramping up oil production to 146,000 barrels per day (bpd) to boost national revenue, energy security and create jobs. The national oil firm stated this while congratulating Chevron Nigeria on …
