The Nigerian National Petroleum Company Limited (NNPC) reported a profit after tax of ₦535 billion for June 2026, a 15.8% increase from May's ₦462 billion. This figure is contained in the NNPC monthly financial and operations report for the month of June 2026. The figure marks the company's highest monthly profit in 10 months, driven …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a Gas Swap Framework in a bid to close Nigeria’s domestic gas supply gap. This comes as Nigeria's average Domestic Gas Delivery Obligation (DGDO) performance has risen to 2.05 billion cubic feet (Bcf) daily, year-to-date ending June 2026. The Commission Chief Executive of the Nigerian Upstream Petroleum …
The energy company plans to use proceeds for debt settlement and to pay shareholder dividends Seplat Energy has agreed to sell a 10% working interest in its joint venture assets with the Nigeria National Petroleum Company (NNPC) Limited for approximately $281.6 million. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd …
President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties. The decision was announced in a statement signed by the President's Special Adviser on Information and Strategy, Bayo Onanuga. AGF Takes Over Committee's Responsibilities According to the statement, all matters relating to the activities …
The African Democratic Congress (ADC) has accused the Federal Government of allowing key institutions, including the Independent National Electoral Commission (INEC) and the Nigeria Police Force, to become entangled in partisan politics ahead of the 2027 general elections. The party raised the concerns in a statement issued on Thursday by its National Publicity Secretary, Bolaji …
In a shift from traditional oversight, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that the nation’s ambitious oil production targets will not be met through merely issuing regulations, but through active partnership with the industry players. At a three-day leadership retreat held at the Isimi Resort in Epe, Lagos, the NUPRC unveiled a …
Fresh data shows bringing petrol into Nigeria now costs more than buying from the local Dangote Refinery, strengthening calls to halt fuel imports The landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has risen above the Dangote Refinery’s gantry price. This was shown in the latest Energy Bulletin released by the …
Supply chain disruption caused by the U.S.-Iran war exposed the fragility of Nigeria’s fuel reserve safety net The global oil market crisis triggered by escalating geopolitical tensions in the Middle East during the first half of 2026 has unleashed a fresh wave of economic hardship across Africa, with Nigeria emerging as the continent's hardest-hit …
Ahead of the August 15 Governorship election in Osun State, candidates and their political parties have signed a peace accord, committing themselves to a peaceful, free and credible election. The agreement was signed on Thursday at the Oasis Event Centre in Osogbo during an event organised by the National Peace Committee led by Bishop Matthew …
INEC data shows women outnumber men in the 3.87 million voters recorded in the latest phase of the Continuous Voter Registration exercise The Independent National Electoral Commission (INEC) has recorded a cumulative 10,399,288 completed registrations across the three phases of the nationwide Continuous Voter Registration (CVR) exercise ahead of the 2027 general election. Women …
