The Federal Government has intensified pressure on key industry players to accelerate Nigeria’s drive toward sugar self-sufficiency, setting a 600,000 metric tonnes production benchmark for the Dangote Sugar Refinery by 2030 as part of efforts to bridge the country’s widening supply gap. The directive was issued during an inspection visit to the Dangote Sugar complex …
The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, on Saturday led a high-level federal delegation to Kano State for the wedding fātiha ceremonies of the sons of the Minister of State for Housing and Urban Development, Yusuf Abdullahi Ata. According to a press statement signed by Badamasi Haiba, Director, Press and Public Relations …
A Turkish drilling ship has docked at the port of Mogadishu ahead of Somalia’s first offshore oil exploration project, marking a major milestone in energy cooperation between Turkey and Somalia. The vessel, named Cagri Bey, arrived in Somali waters on Thursday and berthed at the capital’s port on Friday, according to officials from both countries. …
The Federal Government, through the Nigeria Sanctions Committee (NIGSAC), has released an updated sanctions list naming 48 individuals and organisations allegedly involved in terrorism financing across the country. At the top of the list are detained newspaper publisher Tukur Mamu, the Indigenous People of Biafra (IPOB), Jama’atu Wal-Jihad, Ansarul Sudan (Ansaru), and the Islamic State …
The Nigerian Government has approved sweeping tariff reductions on key imports, including vehicles, rice, palm oil and sugar, as part of its 2026 fiscal policy aimed at stimulating economic growth and supporting critical sectors. In a circular issued by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Federal Government confirmed …
The Nigerian Economic Summit Group (NESG) has cautioned the Federal Government against reversing fuel subsidy reforms, warning that such a move could destabilise the economy and undermine recent gains. Speaking during a media briefing on Friday, NESG Head of Research, Dr. Joseph Ogebe, described 2026 as a “make-or-break” year for Nigeria, stressing the urgency of …
While preparing dinner on Friday evening, Madam Juliana Umeh, a mother of three who resides in the Ilasa area of Lagos, suddenly noticed the flame from her blue 12.5kg cylinder gradually dropped and finally stopped. The gas finished in the middle of the cooking. Left with no other option, Mrs Umeh approached a nearby gas …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that over $10 billion in new investments have been unlocked in the Nigerian upstream oil and gas sector signalling a significant resurgence of production activities. The NUPRC Chief Executive, Oritsemeyiwa Eyesan, made this known during the 2026 Oloibiri Lecture and Energy Forum in Abuja on Thursday, …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is set to launch Project NEXUS, a flagship transformation initiative aimed at enhancing regulatory efficiency and positioning Nigeria as a leading energy hub in Africa. The announcement was made by NMDPRA Chief Executive Saidu Mohammed at the 26th Oloibiri Lecture Series and Energy Forum (OLEF) held in …
President Bola Tinubu’s recent approval of a ₦3.3 trillion debt settlement plan has been touted as a significant move towards fixing the liquidity crunch that has choked the Nigerian power sector for years. However, the announcement has generated mixed reactions regarding its significance in the efforts towards ending the persistent blackouts that Nigerians have grappled …
