The outgoing British High Commissioner to Nigeria, Richard Montgomery, has commended the economic reforms of President Bola Tinubu administration, saying the measures, despite causing short-term hardship, would place the country on a stronger footing in the long term. Montgomery spoke on Tuesday during a farewell visit to the Revenue House in Abuja, where he described …
Thirty one companies have emerged winners in the Nigerian Upstream Petroleum Regulatory Commission's (NUPRC) 2025 Licensing Round, with frontier basins capturing unprecedented investor attention for the first time in the nation's oil and gas history. The keenly contested bidding process, which concluded at the Transcorp Event Center in Abuja on Tuesday, saw 143 companies submit …
President Bola Tinubu has approved the appointment of 26 individuals to the boards and management of 10 federal government agencies and commissions. The appointments, which take immediate effect, were announced on Monday in a statement by the President's Special Adviser on Information and Strategy, Bayo Onanuga. Among those appointed is former Ekiti State Governor, Ayo …
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 …
