Legal practitioner, Liborous Oshoma, has thrown his weight behind the establishment of state police in Nigeria, describing it as a necessary step toward addressing the country's worsening security challenges. However, he cautioned against granting state governors unchecked authority over the proposed policing structure, warning that such a system could be vulnerable to abuse and political …
The Nigerian Exchange Limited (NGX) has introduced a major change to the way share prices move on the stock market. The rules have, however, sparked concerns among market participants. Under the revised pricing framework, stocks will now require a minimum volume of shares to be traded before their market prices can change. According to the …
The company says claims that its products are shipped to Togo and brought back into Nigeria lack commercial logic and contradict its business objectives. Dangote Petroleum Refinery has debunked allegations that its refined petroleum products are exported to Lomé, Togo, and subsequently re-imported into Nigeria, dismissing the claims as unsubstantiated and commercially illogical. In …
The #EndBadGovernance Movement in Lagos State has condemned the revocation of the bail granted to activist and former presidential candidate Omoyele Sowore. In a statement on Tuesday signed by Hassan Taiwo Soweto and Oloye Adegboyega-Adeniji on behalf of the organising committee of the movement, they described Sowore’s detention in Kuje prison as evidence of growing …
A coalition of community groups and civil society organisations has backed waterfront residents in Lagos seeking the reversal of demolitions and forced evictions carried out in defiance of existing court orders. In a statement issued on Tuesday, the Coalition against Demolition, Forced Eviction, Landgrabbing and Displacement in Lagos State said it stood in solidarity with …
The Securities and Exchange Commission (SEC) has ordered an immediate halt to all marketing and promotional activities relating to a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, warning that no such offer has been filed with or approved by the regulator. In a public notice issued on Tuesday, the Commission …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have joined forces to secure Nigeria’s oil and gas infrastructure and curb oil theft. Moving beyond traditional military force, the new partnership will focus on non-kinetic interventions, community engagement, and advanced technology to stabilize national oil production. The agreement was solidified during …
The Nigerian Electricity Regulatory Commission (NERC) has commended the Edo State Judiciary for adopting the Edo State High Court (Nigerian Electricity Supply Industry) Practice Directions, 2026. In a statement, the national electricity regulator said the move marks a significant milestone in strengthening the legal framework governing the power sector. The new legal framework, which officially …
Aradel Holdings Plc delivered one of the strongest earnings performances in Nigeria's oil and gas sector in the first quarter of 2026. The company posted a triple-digit growth in revenue, profit and production following the expansion of its asset base. Its revenue surged by 265 per cent to ₦728.5 billion, from ₦199.9 billion a year …
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDORA) to collaborate with security agencies to stop hoarding, diversion and other practices that create artificial scarcity of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, across the country. The Minister of State for Petroleum Resources (Gas), Rt. Hon Ekperikpe Ekpo …
