The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened their partnership aimed at boosting revenue collection for the Federation. The decision was taken on Monday, when the new NUPRC Chief Executive, Oritsemeyiwa Eyesan, visited the NRS Chairman, Zacc Adedeji, at the corporate headquarters of the tax agency in Abuja. …
Nigeria’s President, Bola Tinubu, has highlighted what developing countries need to give full commitment to the realization of the global climate sustainability agenda. President Tinubu, who spoke on Tuesday, January 13, at the ongoing Abu Dhabi Sustainability Week (ADSW), holding in Abu Dhabi, the United Arab Emirates (UAE), said Nigeria aligns with the global community, …
The Nigerian Civil Aviation Authority (NCAA) has facilitated the airlifting of 189 passengers who were stranded at the Nnamdi Azikiwe International Airport in Abuja for nearly 48 hours. The passengers who had boarded a Saudi Airlines en route to Kano were stranded in Abuja due to bad weather. The crisis began on Saturday, January 10, …
As Nigeria pushes for new investments in the oil and gas industry, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has scheduled to hold a pre-bid conference for the 2025 oil and gas licensing round. In a statement released on Friday, signed by the NUPRC Chief Executive, Oritsemeyiwa Eyesan, the Commission said the licensing round pre-bid …
Nestle has clarified that its infant formula produced and distributed in Nigeria is not part of the batches recalled in some countries. Pinnacle Daily reports that the Swiss multinational food and beverage company recently recalled some batches of its infant nutrition products, including SMA, BEBA and NAN formulas, in countries mainly in Europe, some parts …
President Donald Trump on Friday, January 9, met with executives from U.S. energy companies, including ExxonMobil, Chevron, and ConocoPhillips, to discuss a potential $100 billion investment in Venezuela’s oil and gas sector. The meeting followed the capture of Nicolás Maduro on January 3, 2026, by the U.S. special military force. According to a CBS News …
Nigeria’s electricity distribution companies (DisCos) recorded a total of ₦653.19 billion in losses in their revenue collections over 12 months. This is even as electricity billing rose by 12.9 per cent from ₦466.69 billion in the third quarter of 2024 to ₦706.61 billion in the same period of 2025. Quarterly reports released by the Nigerian …
The Nigerian Civil Aviation Authority (NCAA) has threatened to impose stiffer penalties on domestic airlines for what it described as “chronic delays” in flights. In a statement released on Thursday, January 8, the Director of Public Affairs & Consumer Protection at NCAA, Michael Achimugu, said the measure is to curb incessant flight delays and inefficiencies …
There are concerns that the crisis in Venezuela presents a significant risk for Nigeria’s 2026 budget and the broader economy. While Venezuela and Nigeria are geographically distant, they are direct competitors in the global oil market. After months of tactical preparations, the United States invaded Venezuela during the weekend. The U.S. military force launched strikes …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has received a notice of withdrawal of petition against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Alhaji Aliko Dangote. The Commission said notice of withdrawal of the petition was submitted by legal counsel to Alhaji …
