Former presidential aide Reno Omokri says President Bola Tinubu’s nomination of him as an ambassador-designate has deepened his appreciation of forgiveness and national service. In a statement issued on Sunday, Omokri thanked God, his family and President Tinubu, describing the nomination as an act that reflects the administration’s focus on national healing. Omokri said the …
Dangote Petroleum Refinery & Petrochemicals has said it is ready to supply 1.5 billion litres of Premium Motor Spirit (PMS), also known as petrol, per month to the Nigerian market in December 2025 and January 2026. This translates to 50 million litres per day. The refinery also said it will increase PMS supply to 1.7 …
The Nigerian National Petroleum Company (NNPC) Limited has reported a revenue of N5.078 trillion and a profit after tax of N447 billion in October 2025. This was revealed in NNPC Limited’s Monthly Report Summary for October 2025, released on Saturday. The total revenue for October reveals an 18.92 per cent increase from 4.27 trillion recorded …
Nigeria’s daily petrol consumption rose to an average of 56.74 million litres in October 2025, according to a report released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This reflects a 19.4 per cent year-on-year increase compared with the average daily consumption of 47.5 million litres in October 2024. The NMDPRA Fact Sheet, …
The Central Bank of Nigeria (CBN) has reported that seven subsectors recorded mild contractions in economic activities in November. It revealed this in its Purchasing Managers’ Index (PMI) report for November. It stated that the composite PMI expanded to 56.4 index points in November, compared to 55.4 index points in October. A reading of the …
President Bola Tinubu has submitted the names of 32 ambassadorial nominees to the Senate for confirmation, following the submission of the first batch of three names. Among them are the former chairman of the Independent National Electoral Commission, Mahmud Yakubu, an aide to former President Goodluck Jonathan, Reno Omokri (Delta), and former Enugu State Governor, …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified 50 oil blocks that will be offered to interested investors during the 2025 petroleum licensing round. The Commission had earlier announced that the 2025 petroleum licensing round would take effect from December 1, 2025. It also clarified that the exercise, which is being conducted …
The Economic and Financial Crimes Commission (EFCC) has alleged that there was a mismanagement of Air Arik loan and stripping of critical assets while under the management of the Asset Management Corporation of Nigeria (AMCON), then led by its former Managing Director, Ahmed Kuru. This was stated by an EFCC investigator, Mr Bawa Usman Kaltungo, …
As discussions about Nigeria hitting a $1 trillion economy target by 2030 continue, experts have hinted at the indispensable role of Small and Medium-sized Enterprises (SMEs), in realizing that goal. SMEs, which form the backbone of the economy (contributing nearly 50 per cent to GDP and over 80 per cent to employment), must be at …
The Federal Capital Territory Administration (FCTA) has begun enforcement actions on 1,095 property titles revoked in Asokoro, Maitama, Garki, and Wuse for non-payment of Ground Rent, Certificate of Occupancy (C of O) bills, penalty/violation fees, and land use conversion fees. Mr. Lere Olayinka, Senior Special Assistant to the FCT Minister on Public Communications and Social …
