Nigerian National Petroleum Company Limited (NNPC) has confirmed that national crude oil production has grown from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day and a peak production of 1.84 million barrels per day in 2025, owing to...
BUSINESS
Shell Nigeria Exploration and Production Company Limited (SNEPCo) and the Nigerian National Petroleum Company Limited (NNPC) last week donated an Endobronchial Ultrasound (EBUS) system and a Body Plethysmograph to the University of Lagos Teaching Hospital (LUTH), enabling one of Nigeria’s foremost health institutions to provide advanced diagnostics in pulmonary...
Nigerian National Petroleum Company (NNPC) Limited has launched a new crude oil grade, Cawthorne Blend, into the international market, with the maiden export cargo already en route to the Netherlands in what the company described as a major step toward boosting Nigeria’s crude oil production and strengthening its global...
When a nation’s economy is tanking such that it prints cash to meet governance cost, what can the tax chief do to help reflate that economy? This was the challenge before Zacch Adedeji, the Chairman of the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS). That...
Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr Chamberlain Peterside, has warned the BRACED states against allowing the economic carpet shift below their feet again. BRACED is an acronym representing the six states in the South-South geopolitical zone of Nigeria that formed a regional economic development bloc....
The Inauguration Ceremony of the Board of the Universal Service Provision Fund (USPF), was held on the 27th March 2026 at the Abuja Intercontinental Hotel. Among the dignitaries at the ceremony were the Minister of Communications, Innovation and Digital Economy/ Chairman, USPF Board, Dr. Bosun Tijani and, the Executive Vice...
The Federal Government has reiterated its commitment to empowering women as key drivers of the nation’s creative economy, with a focus on expanding access to finance, skills development and leadership opportunities. The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, made this known on Thursday in...
The Independent Media and Policy Initiative (IMPI) wants the President Bola Tinubu administration to use benefits that would accrue to the country from the current surge in global crude price in the aftermath of the ongoing Middle East conflict to continue to build a more resilient economy. This is...
Federal government on Monday launched the “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA” report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market. The high-level report, hosted by the Office...
The Nigerian Communications Commission (NCC), has directed Mobile Network Operators (MNOs) to provide compensation to subscribers whose network quality of service experience is below specified targets within specific locations. The Commission’s position is that subscribers should not be made to bear the full burden of service disruptions where operators...
A high-powered delegation from the Nigerian Communications Commission (NCC), during the week, paid a courtesy visit to the Plateau State Governor, Caleb Manasseh Mutfwang in Jos, the state capital.
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, on Tuesday delivered a characteristically direct and pragmatic assessment of Nigeria and Africa’s energy future at CERAWeek 2026, declaring that the country’s fundamentals are strong, its value proposition clear, and its focus now squarely on execution. Speaking on...
The ongoing war between the United States (US), Israel and Iran in the Middle East has continued into its second week, raising the economic threat this conflict poses to South Africa. Iran has responded to the 28 February US/Israel attack by targeting oil-producing states in the Persian Gulf that...
Africa’s wealthiest entrepreneurs have once again been spotlighted as Forbes releases its 2026 Africa Billionaires ranking, with Nigeria’s Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu leading the pack. Topping the list, Aliko Dangote retained his title as Africa’s richest man, with an estimated net worth of $28.5...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to reduce the cost of crude oil supplied to the Dangote Petroleum Refinery, warning that the current pricing structure is contributing to the sharp rise in petrol prices across the country. National President of IPMAN, Abubakar...
Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has described the resolution of the long-running OPL 245 dispute as a major milestone for Nigeria’s energy sector and a step forward in unlocking the country’s deepwater oil potential. In a statement issued on March 5, Ojulari said the...
Contractors have waited too long. Tinubu’s payment reforms aim to restore transparency, discipline, and trust in Nigeria’s public projects. When President Bola Tinubu assumed office, he inherited a contractor payment system burdened by arrears, opacity and excessive discretion. By late 2025, official estimates placed outstanding federal obligations at roughly...
MultiChoice, the company behind popular pay-TV services MultiChoice, DStv, and GOtv, has confirmed plans to discontinue its streaming platform Showmax after more than a decade in operation. The announcement marks a major shift in the company’s digital strategy as it reassesses its position in the increasingly competitive global streaming...
A few years ago, having a dollar card in Nigeria felt like a privilege. To get one, you typically had to visit a bank branch, complete the required paperwork, and wait for approval and issuance. Today, a few clicks are enough. But a virtual USD card is more than...
Ibom Air has announced full compliance with a new safety directive issued by the Nigerian Civil Aviation Authority (NCAA) regulating how passengers carry and store power banks during flights. The airline said the move underscores its continued commitment to the safety of passengers and crew during flight operations. The...