The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the completion of the pre-qualification stage of the 2025 Licensing Round and shortlisted bidders for the 50 oil blocks offered by the Commission. It said it has notified successful pre-qualified applicants. NUPRC made this known in a statement released on Tuesday, March 17, signed by the …
Oil prices have further surged as the ongoing conflict in the Middle East continues to disrupt supply chains, particularly through the Strait of Hormuz. After a brief dip on Monday, March 16, prices rebounded sharply on Tuesday, March 17, as attacks ravaged parts of the Gulf region, raising more fears of supply disruption. According to …
The Nigerian Bar Association (NBA) has criticised Mohammed Umar, a judge of the Federal High Court in Abuja, over his directive ordering a lawyer to kneel in court. In a statement issued Tuesday, March 17, NBA President Afam Osigwe said the directive was not a recognised judicial sanction and fell short of acceptable standards expected …
Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, indicating a continued but gradual easing of price pressures across the economy. Data released on Monday by the National Bureau of Statistics (NBS) showed the rate slipped by 0.04 percentage points from 15.10 per cent recorded in January. Although marginal, the drop …
The Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan, has said credible elections remain a top priority for Nigeria as the country continues to strengthen its democratic process. Amupitan made the remark on Monday in Abuja while receiving members of the Alumni Association of the National Institute for Security Studies (AANIS) during a …
The recent escalation of conflict in the Middle East, involving the US, Israel, and Iran, has highlighted the vulnerability of Nigeria to global energy shocks despite being a major oil producer, as fuel prices. The conflict has once again highlighted a significant paradox in the Nigerian economy: while a rise in global crude prices (now …
Several passengers suffered injuries on Monday when an Abuja-bound train from Kaduna derailed following a collision near Asham, the Nigerian Railway Corporation confirmed. Managing Director Kayode Opeifa told reporters that no one has died. Injured passengers received medical attention at Idu train station. He added that the NRC has launched an investigation to determine the …
The Federal Government has alleged that an embattled mining company, Jupiter Ltd, is planning what it described as a “campaign of calumny” against Nigeria during the forthcoming state visit of President Bola Tinubu to the United Kingdom. The government said the alleged move followed a dispute over revoked mineral licences and was aimed at discrediting …
Nigeria’s plan to generate up to $200 billion in non-oil export revenue over the next five years is facing serious uncertainty as the escalating conflict between Iran and Israel disrupts global shipping routes and drives up logistics costs. Exporters and supply-chain experts warn that the crisis in the Middle East is already inflicting losses on …
The Governor of Bauchi State, Bala Mohammed, is expected to join the ruling All Progressives Congress (APC) on Tuesday as part of his ongoing political realignment. Mohammed had resolved to leave the Peoples Democratic Party (PDP) after holding a meeting with President Bola Tinubu and leaders of the APC. Conditions for Defection THISDAY reports that …
