The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is conducting an investigation into the gas bubbling incident within the OML 18 area in Bille Community, Rivers State. It urged residents to remain calm and await the outcome of the findings. The Commission empathised with the community and acknowledged the concerns that the unfortunate development …
In a move that has sent shockwaves across African football, the Confederation of African Football (CAF) has stripped Senegal of the 2025 Africa Cup of Nations (AFCON) title and awarded it to Morocco months after the final was played. The ruling, following Morocco’s appeal over Senegal’s temporary walk-off during the chaotic January final, has ignited …
The Lagos Chamber of Commerce and Industry (LCCI) says the marginal decline in Nigeria’s inflation rate provides cautious optimism for businesses and households, even as persistent risks threaten to reverse the fragile progress. Reacting to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the Chamber noted that headline …
Major Energies Marketers Association of Nigeria (MEMAN) has highlighted a framework for ensuring fair pricing and a steady supply of fuel. The association’s recommendation focuses on maintaining a balance between local production and strategic imports, all underpinned by strong regulation and market-driven competition. Speaking at a quarterly webinar organised by MEMAN, the association’s Executive Secretary/CEO, …
The Nigeria Security and Civil Defence Corps (NSCDC) is deploying over 53,500 personnel across the country to ensure a peaceful Eid-ul-Fitr celebration, the Commandant General, Prof. Ahmed Audi, has announced. According to the Corps’ Public Relations Officer, Babawale Afolabi, the deployment includes tactical and intelligence officers in all 36 states and the Federal Capital Territory …
Nigeria’s oil production declined by nine per cent month-on-month to 1.483 million barrels per day (bpd) in February 2026, down from 1.627 million bpd recorded in January. This is according to the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which tracks crude oil and condensate production. On a year-on-year basis, output also …
Nigeria and the United Kingdom have achieved an all-time high in bilateral trade, reaching £8.1 billion annually. This growth is expected to create hundreds of jobs as Nigerian banks, fintech firms, and creative industry businesses expand operations in the UK. UK’s Twinings Ovaltine opened a £24 million manufacturing facility in Lagos, the first of its …
Escalating tensions between the United States, Israel and Iran have triggered volatility across African equity markets, as investors retreat from risk assets and reposition into safe havens. Markets from Lagos to Johannesburg have recorded sell-offs, cautious trading and sector rotations, driven by surging oil prices, currency pressure and global uncertainty. Brent crude has climbed on …
Nigeria’s textile industry faced a sharp downturn in 2025 as export earnings collapsed by 55.25 per cent to N16.55 billion from N36.98 billion in 2024, even as the nation’s importation of textile products surged to N1.061 trillion, up 46.11 per cent from N726.18 billion the previous year. Data from the National Bureau of Statistics (NBS) …
Nigeria’s supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, declined by 8.5 per cent month-on-month to 4.7 metric tonnes per day in February 2026, down from 5.1 metric tonnes recorded in December 2025. This is according to the latest factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The …
