The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared that the country's total oil and condensate reserves stand at 37.01 billion barrels as of January 1, 2026, with a reserve life index of 59 years. This means that at the current production level, the oil reserves are expected to last for 59 years. In a statement …
The Pension Fund Operators Association of Nigeria (PenOp) has appointed Anthonia Ifeanyi Okoro as its new Chief Executive Officer. Okoro succeeds Oguche Agudah, who led the association for six years. Her appointment took effect from March 30, 2026, as the body seeks to strengthen strategic leadership in the country’s pension industry. Announcing the appointment, PenOp …
The Federal Government says more than 840,000 foreigners are currently staying in Nigeria with expired visas. Minister of Interior, Olubunmi Tunji-Ojo, disclosed this on Tuesday in a televised interview. He said Nigeria’s upgraded immigration system revealed the figures. According to him, officials recorded about 840,290 foreigners across the country who have overstayed. Tunji-Ojo stressed that …
NNPC has increased crude oil allocations to the Dangote Refinery to seven cargoes for May 2026, up from the five cargoes supplied in previous months. A Reuters report said two trade sources and a refinery official made the disclosure on Tuesday. The increase was in response to record-high fuel prices in Nigeria and significant supply disruptions …
The re-arraignment of former Jigawa State Governor, Sule Lamido, alongside his sons and other defendants, was on Wednesday stalled at the Federal High Court in Abuja following a disagreement over which judge should continue hearing the case. The Economic and Financial Crimes Commission (EFCC) insisted that the matter be returned to the original trial judge, …
The Federal High Court sitting in Kaduna has adjourned till April 14 for ruling on the bail application filed by former Kaduna State Governor, Nasir El-Rufai. El-Rufai is being prosecuted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a 10-count charge bordering on allegations of corruption. Speaking with journalists shortly after …
The Central Bank of Nigeria (CBN) said it has concluded the banking sector recapitalisation programme, announcing that banks raised a total of ₦4.65 trillion. The apex bank said this in a statement issued on Wednesday, April 1, signed by its Director of Banking Supervision, Olubukola Akinwunmi, and Acting Director of Corporate Communications, Hakama Sidi Ali. …
Millions of Nigerian households and businesses are bracing for a potential spike in electricity tariffs as the Federal Government officially increased the price of natural gas supplied to power generation companies (GenCos). The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed on Tuesday, in a public announcement, that the Domestic Base Price (DBP) for …
Nigeria is once again in the grip of grief and fear as fresh attacks in 2026 have left communities shattered and families buried in mourning, with no clear end in sight. The deadly Palm Sunday attack in Agwan Rukuba community in the Jos North Local Government Area of Plateau State has become the latest symbol …
The federal government has said the recent killings in the Angwan Rukuba area of Jos North LGA of Plateau State occurred in a conflict-prone community and do not indicate a breakdown of national security. At least 28 residents were killed in the attack on Sunday. Speaking at a press conference on Tuesday at Radio House …
