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 …
In a bid to safeguard the future of Nigeria’s energy sector, the minister of power, Joseph Tegbe, has cautioned industry stakeholders against engaging in actions that might lead to regulatory conflicts, warning that such could undermine the newly decentralized electricity market. Speaking on Tuesday, July 14, at a workshop in Abuja, Tegbe stressed that the …
The Nigerian government has concluded the evacuation of its citizens from South Africa, following a wave of anti-immigrant violence and threats against foreign nationals. An Air Peace aircraft carrying 308 Nigerian returnees arrived at the Murtala Muhammed International Airport, Lagos, on Wednesday morning. The flight, which departed Oliver Tambo International Airport, Johannesburg, at 6.30 am, …
crude oil The Strait of Hormuz is a critical maritime route for the movement of vessels, with about 20 percent of the world's oil and gas supplies passing through it daily. Brent crude, the international benchmark, jumped 9 percent from $78.38 on Monday, July 13, to settle at $85.45 per barrel on Wednesday, July 15, …
Dangote Petroleum Refinery has ended naira-denominated sales of its refined petroleum products, shifting to a new dollar-based pricing system for petrol, diesel, and aviation fuel. The move marks a significant change from the naira-for-crude arrangement that began in October 2024, shortly after the refinery commenced commercial operations. In a notice sent to marketers, the refinery …
Global oil prices have surged again, rising to $78 per barrel following the renewed tensions between the United States and Iran, leading to a declaration of the closure of the Strait of Hormuz by Tehran. The closure of the Strait of Hormuz, the world's most critical maritime chokepoint, has raised fears over disruptions to shipping …
Nigeria's crude oil production reached a six-year high in June 2026, surpassing its OPEC quota for the second consecutive month and signaling a strong recovery for the nation's oil sector. The upward trend is driven by improved operational stability and declining pipeline disruptions. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated …
The Nigerian Union South Africa (NUSA) has commended the Federal Government for the successful repatriation of over 900 Nigerian citizens from South Africa in the ongoing xenophobic attacks on African migrants in that country. The group called for stronger diplomatic action to protect the lives and property of those who remain in the country. In …
