An Enugu Air aircraft suffered a runway excursion shortly after landing at Benin Airport on Thursday. Fortunately, all passengers and crew members on board disembarked safely without any reported injuries or casualties. A video shared on social media showed the aircraft lying on muddy ground as passengers struggled to disembark. In a statement, the airline …
Nigeria could face a major funding gap if the United States withdraws all foreign assistance, potentially losing between $740 million and $790 million annually based on historical disbursement trends. The development would end more than a decade of steady US financial support that has channelled almost $8.9 billion into the country since 2015. Data from …
Dangote Petroleum Refinery and Petrochemicals has successfully closed a landmark $2.5 billion private equity placement, marking what is believed to be Africa's largest publicly disclosed primary equity private placement by value. In a statement released on Thursday, the company said the offering, which was oversubscribed by 3.7 times relative to the initial offer size, represents …
Dangote Petroleum Refinery has reversed its recent dollar-pricing policy, resuming the sale of petrol in naira and setting a new ex-depot gantry price of ₦1,215 per litre. The decision, announced on Wednesday, provides a measure of relief to marketers and consumers by eliminating foreign exchange exposure that had complicated planning and squeezed margins for local …
Thirty one companies have emerged winners in the Nigerian Upstream Petroleum Regulatory Commission's (NUPRC) 2025 Licensing Round, with frontier basins capturing unprecedented investor attention for the first time in the nation's oil and gas history. The keenly contested bidding process, which concluded at the Transcorp Event Center in Abuja on Tuesday, saw 143 companies submit …
NUPRC targets 300,000 bpd production boost as 143 companies submit 200 bids for 37 oil and gas assets The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the ongoing 2025 licensing round could add about 500 million barrels to the nation's hydrocarbon reserves, marking a significant step toward achieving the government's target of …
As floods ravage different parts of Lagos following torrential rainfall in recent weeks, residents are grappling with another growing menace—heaps of refuse littering streets, roadsides, markets, clogged drainage channels, and waterlogged communities, raising fears of a public health and environmental crisis. For over two decades, Lagos was regarded as one of Africa's cleanest cities, as …
In a major diplomatic move to combat rising continental tensions, Nigeria and Ghana have agreed to jointly spearhead a campaign against Afrophobic protests across Africa. The agreement was reached during a bilateral meeting between Nigeria’s Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, and Ghana’s Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, on Friday, …
The Commission charges new PPL licence winners to drive Nigeria's 3 million bpd production target The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has charged the latest recipients of Petroleum Prospecting Licences (PPLs) to develop the assets quickly or face the risk of forfeiture under the "drill or drop" provisions of the Petroleum Industry Act …
The last hymn had barely faded from her mind as Miss Chinwe Okorie stepped out of the commercial tricycle that Sunday evening of June 28, 2026. The young graduate, who works with an insurance company in Lagos, had spent the day worshipping at church, grateful for the refreshing rainfall that had cooled the city's sweltering …
