Nigerians have demanded a full probe into allegations of graft levelled against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr Farouk Ahmed, and prosecution if found guilty. They stated that the sudden resignation of Ahmed from his position should not hinder the investigation process. Ahmed, who was …
Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to ramp up its oil and gas production. The deal signed on Saturday, December 20, in Abuja, is expected to help the indigenous energy firm ramp up its crude oil output to about 100,000 barrels per day and gas 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 …
Nigerians have called on the Nigerian National Petroleum Company (NNPC) Limited to drop its pump prices of petrol below what is sold by Dangote Refinery distribution partners. This public demand further highlights a fascinating shift in Nigeria’s downstream oil market, now characterized by rising competition between the state-owned oil firm and private marketers. The public …
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 …
Dangote Refinery has urged petrol station owners and dealers nationwide to register for its direct supply scheme and benefit from the current gantry price of ₦699 per litre. It said the offer is available to all petrol station owners and dealers nationwide. The $20 billion refinery had on December 12, announced a ₦129 reduction of …
Sterling Financial Holding Company, through its Sustainability Working Group, has trained over 40 journalists on storytelling, financial sustainability and the use of technology in news reportage. The two-day media sustainability capacity-building workshop, held on December 16 and 17 in Abuja, brought together journalists, editors and publishers from print, broadcast and online media organisations. The programme …
President Bola Tinubu has presented the proposed 2026 Federal Budget, estimated at ₦58.18 trillion, on Friday, December 19, 2025. The president, who arrived at the National Assembly complex on Friday afternoon, presented the budget titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity” at a joint session of the National Assembly. Breakdown of 2026 Budget …
Grammy-winning Nigerian singer Ayodeji Balogun, popularly known as Wizkid, has described his everyday life as simple and routine, saying fame has not altered his role as a hands-on parent. Speaking on a recent episode of the Close Friends Only Speed Round alongside fellow artiste Asake, the global music star said many people overestimate how glamorous …
Sixteen years after a deadly crackdown at Conakry Stadium that left 156 people dead, Guinea has launched a second trial in the capital involving seven individuals accused of participating in the massacre. The defendants face charges including abuse of authority, murder, rape, and torture. Three of the accused remain at large and will be tried …
