NUPRC targets 300,000 bpd production boost as 143 companies submit 200 bids for 37 oil and gas assets The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the ongoing 2025 licensing round could add about 500 million barrels to the nation's hydrocarbon reserves, marking a significant step toward achieving the government's target of …
The Economic and Financial Crimes Commission (EFCC) has clarified that the Comptroller-General of the Nigeria Immigration Service (NIS), Kemi Nandap, is not under investigation over alleged visa racketeering. The clarification followed media reports linking the Immigration chief to an ongoing probe into alleged visa fraud involving some officers of the Service. In a statement issued …
The Central Bank of Nigeria (CBN) on Monday confirmed that it opened two foreign currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC), contradicting an earlier claim by the Accountant-General of the Federation that no such accounts existed. The disclosure was made during a public hearing by the House of Representatives Ad-hoc …
A Federal High Court judgment has affirmed the validity of the rules for the Federal Competition and Consumer Protection Commission (FCCPC) to resume the implementation and enforcement of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). The FCCPC disclosed this in a statement on Monday, July 20. It said the decision …
Ogun PDP governorship candidate says local governments will receive allocations directly if elected in 2027. The Peoples Democratic Party (PDP) governorship candidate in Ogun State, Oladipupo Adebutu, has promised to ensure full financial autonomy for local government councils if elected in the 2027 governorship election. Adebutu made the promise on Sunday during a meeting …
The Federal Government and the National Assembly have reaffirmed their commitment to supporting complementary roles for electricity regulators as Nigeria transitions to a multi-tier electricity market. At a workshop in Abuja on "Legal, Policy and Regulatory Harmonisation between Federal and State Institutions on the Decentralisation of the Nigerian Electricity Supply Industry (NESI)," top officials stressed …
Badejo-Okusanya emerges second female president of NBA in 66 years Senior Advocate of Nigeria (SAN), Oyinkansola Badejo-Okusanya, has made history after emerging as the President-elect of the Nigerian Bar Association (NBA), becoming the second woman to lead Nigeria's largest professional association since its establishment 66 years ago. Her victory comes more than three decades …
President Bola Tinubu has called on African leaders to present a united front against the recent wave of xenophobic attacks in South Africa, insisting that violence targeting Nigerians and other African nationals must not be tolerated anywhere on the continent. Speaking on Sunday at the 69th Ordinary Session of the ECOWAS Authority of Heads of …
Nigeria’s agricultural exports plunged by 31.2 per cent in the first quarter of 2026, Q1’26, as prolonged port delays, excessive pesticide use, outdated chemical preservatives, poor post-harvest handling and failure to obtain mandatory phytosanitary certification continued to undermine the country’s access to international markets. Latest data from the National Bureau of Statistics (NBS), showed that …
Senegal's President, Bassirou Diomaye Faye, has been elected Chairman of the Economic Community of West African States (ECOWAS), taking over from Sierra Leone's President, Julius Maada Bio. Faye was elected on Sunday during the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government held in Freetown, Sierra Leone. Faye succeeds Bio, …
