The International Air Transport Association (IATA) has projected that global airline profits are expected to reduce by half in 2026 due to disruptions caused by the Middle East conflict, which has led to a dramatic surge in jet fuel prices. In its latest outlook released on Sunday at the Annual General Meeting in Rio de …
The federal government, through the Ministry of Finance, has approved payments to more than 1,240 local contractors, a move aimed at injecting immediate liquidity into indigenous businesses and reinforcing the government’s commitment to meeting its financial obligations. The approval was granted by the minister of finance and coordinating minister of the economy, Mr Taiwo Oyedele, …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Nuclear Regulatory Authority (NNRA) have joined forces to enforce radiological safety in the oil and gas sector while lowering overall operational expenses. This strategic partnership was solidified during a recent meeting at the NUPRC headquarters between the Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, and NNRA …
In a significant move to combat plastic pollution, Nestlé Nigeria has launched a major multi-stakeholder coalition aimed at scaling up waste management and driving the circular economy across the country. The initiative, unveiled in commemoration of World Environment Day 2026, signals a strategic shift for the consumer goods giant from standalone corporate interventions to a …
As the global community marks the World Environment Day 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to ending gas flare by 2030 and 60 per cent reduction of Methane by 2035. In a statement released on Friday, the Commission said the country has recorded a significant reduction in routine gas …
In a major breakthrough for the African energy sector, the Dangote Petroleum Refinery has surpassed its nameplate capacity, ramping up its crude oil processing capacity to 700,000 barrels per day (bpd). The milestone, confirmed during a recent performance test conducted by the facility’s Process Licensors, means the refinery has officially surpassed its initial nameplate capacity …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for the urgent strengthening of gas distribution networks across the country, warning that Nigeria’s vast reserves are meaningless without the infrastructure to deliver them to end-users. Speaking at the Association of Local Distributors of Gas (ALDG) Business Forum in Abuja, the Authority Chief …
Adesola Oyinloye-Ndu, has called on every stakeholder in Nigeria's child development landscape to shun every measure aimed at forcing left-handed and neurodivergent children to conform, and start building spaces where every child can flourish as they naturally are. Oyinloye-Ndu, who also serves as Convener of the Lefties and Ambidextrous Care Initiative Nigeria, made the passionate …
The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of the Net Billing Regulations 2026, a new framework that will allow eligible electricity customers to generate their own renewable energy and sell surplus power back to the national grid. In a public notice issued on Wednesday, June 3, 2026, NERC said the regulations are …
The National Bureau of Statistics (NBS) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its transparency in the management and accessibility of oil and gas data, while urging a deeper, more systematic collaboration between the two agencies. The Statistician-General of the Federation, Prince Semiu Adeyemi Adeniran, made the remarks on Tuesday, June 2, …
