The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 Licensing Round will officially kick off in the third quarter (Q3) of 2026. This follows formal approval from the Minister of Petroleum Resources, in strict alignment with the provisions of the Petroleum Industry Act (PIA). The announcement was made by the Commission Chief …
Electricity Distribution Companies (DisCos) in Nigeria recorded a revenue shortfall of approximately ₦160 billion in the first three months (Q1) of 2026, highlighting the persistent liquidity crisis across the DisCos. According to the Nigerian Electricity Regulatory Commission (NERC) Commercial Performance Factsheet, revenue losses across 11 distribution companies in January, February and March stood at ₦159.37 billion. …
Nigeria has taken a significant step in protecting innovation and strengthening the intellectual property ecosystem with the official launch of the World Intellectual Property Organisation (WIPO) Office in Abuja. The WIPO office, which is the first to be established in Sub-Saharan Africa, was officially opened on Monday, June 1, 2026. According to a statement issued …
Across Africa, water is no longer just an environmental concern but has become a hard economic constraint with measurable consequences for growth, productivity, and human development. New consolidated estimates from the United Nations, the African Union, the World Bank, and the UN Economic Commission for Africa show that achieving universal access to safe drinking water …
The Former Minister of Power and governorship aspirant of the All Progressives Congress (APC) in Oyo State, Adebayo Adelabu, has called on his supporters to remain calm as the party awaits an official announcement on the outcome of its governorship primary. In a statement issued on Monday, Adelabu said the APC national headquarters had not …
Osun State Governor, Ademola Adeleke, has described himself as the “goalkeeper” appointed by God to safeguard the state from those seeking to take over its leadership. Adeleke, who is seeking another term in office ahead of the August 15, 2026 governorship election, made the remarks in a statement posted on his verified X account on …
The Central Bank of Nigeria (CBN) has undertaken a major leadership reshuffle, redeploying all four of its deputy governors in a move aimed at strengthening coordination across key directorates and aligning responsibilities with the bank’s evolving priorities. The changes, which took effect on June 1, 2026, were reflected in updated profiles published on the apex …
The Federal Government may lose close to $1 million in customs duties and taxes if the planned disposal of more than 2,500 empty shipping containers by Grimaldi Nigeria proceeds without compliance with existing customs regulations, a maritime industry expert has warned. Speaking during an interactive session with members of the Shipping Correspondents Association of Nigeria …
For millions of Nigerian families already grappling with rising food prices, transportation costs, and electricity challenges, the latest surge in the price of cooking gas has added another layer of hardship. Recent data released by the National Bureau of Statistics (NBS) confirmed that the average cost of refilling a 5kg cylinder of Liquefied Petroleum Gas …
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says work has resumed after the suspension of a one-day strike called by workers’ unions on Monday. Pinnacle Daily reports that the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) division of the NUPRC embarked on a nationwide strike, shutting down operations on Monday over unresolved welfare and administrative …
