When embarking on international travel, the goal of ensuring that one does not lose money often leads to two distinct challenges: avoiding legal penalties (seizures and fines) and minimising financial loss (bad exchange rates and fees). Various countries, including Nigeria, have rules on possession of cash, especially hard currencies such as dollars, Euros, and pounds …
The newly appointed Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has formally assumed office, promising to implement robust reforms to boost activities in the upstream oil and gas sector in the country. Eyesan, who assumed office on Tuesday, December 23, pledged to work in line with the mandate of …
Nigeria lost N16.2 trillion in oil revenue in the first half of 2025, reflecting a shortfall from the government's revenue targets for that period. According to a report released by the Budget Office on budget performance, N9.32 trillion was generated out of the 25.52 trillion projected for January to June 2025. This means only 36.52 …
In a swift move considered as a measure to avoid a conflict of interest, the newly appointed Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Saidu Aliyu Mohammed, has withdrawn his acceptance of a board seat at Seplat Energy Plc. Pinnacle Daily had reported that President Bola Tinubu, last …
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has said the Federal government should sell only a 51 per cent stake in the refineries managed by the Nigeria National Petroleum Company (NNPC) Limited to private investors. Osifo said PENGASSAN has always maintained that the government should not sell …
The Transmission Company of Nigeria (TCN) says 131 cases of infrastructure vandalism were recorded across its network from January to November 2025. TCN said despite this threat, it achieved a historic milestone in power transmission in 2025. In a review of the outgoing year, the company said it recorded an all-time peak electricity generation in …
The Federal Competition and Consumer Protection Commission (FCCPC) has warned road transport operators in Nigeria against an arbitrary hike in fares during the Christmas season. The agency said its warning followed several complaints by travellers across the country. In a statement released on Sunday, December 21, signed by Ondaje Ijagwu, Director, Corporate Affairs, FCCPC, it …
Nigerians have demanded a full probe into allegations of graft levelled against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr Farouk Ahmed, and prosecution if found guilty. They stated that the sudden resignation of Ahmed from his position should not hinder the investigation process. Ahmed, who was …
A fire broke out at a Federal Inland Revenue Service (FIRS) office in Abuja on the morning of Saturday, December 20, 2025. This was confirmed in a statement released by the agency on Saturday. According to the statement, the incident occurred at the FIRS office located at No. 15 Sokode Crescent, Wuse Zone 5. It …
Nigerians have called on the Nigerian National Petroleum Company (NNPC) Limited to drop its pump prices of petrol below what is sold by Dangote Refinery distribution partners. This public demand further highlights a fascinating shift in Nigeria’s downstream oil market, now characterized by rising competition between the state-owned oil firm and private marketers. The public …
