Not less than 12 persons sustained various degrees of injuries in the fire incident that razed a 22-storey building on Lagos Island on Christmas Eve. In a statement released on December 25, the director general of LASEMA, Damilola Oke-Osanyintolu, said seven adult males sustained various degrees of burn injuries and received medical attention from the …
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 …
Seplat Energy Plc says its subsidiaries, Seplat West Limited and Seplat East Onshore Limited, have successfully converted their operated onshore assets from the Petroleum Profit Tax regime to the fiscal framework under the Petroleum Industry Act (PIA). The independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, announced this …
Ahmadu Bello University (ABU), Zaria, has revived and expanded its dual degree programme with China’s Central South University (CSU) in a move aimed at strengthening technology and engineering education in Nigeria. The Director of Public Affairs at ABU, Auwalu Umar, said on Sunday that the decision followed renewed commitments by both institutions during a virtual …
The Nigerian Consumer Credit Corporation (CREDICORP) has enabled 1,000 women to acquire locally assembled vehicles. The empowerment programme marked the commencement of CREDICORP's nationwide ‘10,000 Women Mobility’ initiative rollout at Eagle Square, Abuja, on Monday, December 22. According to CREDICORP, the scheme represents the largest single-day mobility asset acquisition for women in Nigeria. It is …
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 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 …
The Naira is expected to trade near ₦1,350/$ by 2026 as economic indicators strengthen, analysts at Cordros Securities have projected. They gave the forecast in a new report titled 'Nigeria in 2026: Building Momentum Beyond the Rebound'. The report provides reviews of macroeconomic trends and market dynamics. It states that the naira is likely to …
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 …
The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …
