The oil giant, Shell has confirmed its progress in Nigeria, saying the improved investment climate has yielded positive results with Shell Nigeria Exploration and Production Company Limited (SNEPCo)’s FIDs on Bonga North in 2024 and HI the following year. The Managing Director of SNEPCo, Ronald Adams said at the 10th Sub Saharan Africa International READ MORE
Nigeria: NNPCL grows profit by 6.67% to N5.76trn in 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd.) declared a N5.76 trillion Profit After Tax (PAT) in the 2025 financial year a 6.67% growth when compared with ₦5.4 trillion for 2024. The NNPC Ltd. in its December 2025 Monthly Report Summary, highlighted key figures including N60.5 trillion in revenue, crude oil and condensate production, READ MORE
Nigeria Not Ready for Real-Time Election Results Transmission – Senate
The Senate on Thursday stated that the Independent National Electoral Commission (INEC) currently lacks the capacity to conduct electronic voting, stressing that electronic transmission of results should not be mistaken for the adoption of an e-voting system. Chairman of the Senate Ad-hoc Committee reviewing the 2026 Electoral Bill, Senator Adeniyi Adegbonmire, made this clarification READ MORE
Nigeria: Seplat/NNPC JV commences scheduled maintenance on major gas facilities
The Seplat Energy Plc, a Joint Venture partner of NNPC Ltd. and a key gas supplier to NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, has announced routine maintenance on its gas production facilities. A statement on Thursday by Mr Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd. said the planned maintenance on its READ MORE
Lagos govt hands over provisional letters of allocation to 180 beneficiaries in Alaba Transnational Market
In line with Governor Babajide Sanwo-Olu’s commitment to urban development and making Lagos a 21st-century economy, the Lagos State Government on Wednesday handed over provisional letters of allocation to the initial 180 beneficiaries affected by the redevelopment of Alaba Transnational Market, along the Lagos-Badagry Expressway in the Ojo Local Government Area. The provisional letters READ MORE
NIMASA Identifies Limited Capital Access, Skills Gap as Key Maritime Sector Challenges
The Nigerian Maritime Administration and Safety Agency (NIMASA) has outlined major challenges confronting the maritime sector, including restricted access to capital driven by high capital expenditure and cyclical revenues, a shortage of skilled manpower, underinvestment in automation and green technologies, limited scale to compete globally, and policy inconsistency coupled with procurement uncertainty. Speaking at READ MORE
Dangote Refinery Hits Historic 650,000bpd Capacity as CDU and MS Block Reach Full Performance
The Dangote Petroleum Refinery has achieved a significant operational milestone, becoming the first refinery globally to have its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block operate at a combined capacity of 650,000 barrels per day. In a statement, the refinery announced the successful restoration and optimisation of both units, which are READ MORE
Lagos govt announces partial closure on Lagos-Abeokuta Expressway for rehabilitation
The Lagos State Government has announced partial road closure on Lagos-Abeokuta Expressway to enable the Federal Ministry of Works to carry out critical rehabilitation works on failed road sections. The Lagos State Commissioner for Transportation, Mr Oluwaseun Osiyemi, said this in a statement on Tuesday. Osiyemi noted that the rehabilitation would cover the READ MORE
Tinubu congratulates Seattle Seahawks’ players of Nigerian descent on Super Bowl win
President Bola Tinubu congratulates players of Nigerian descent who led the Seattle Seahawks to victory in Super Bowl 60 at Levi’s Stadium in Santa Clara, California, on Sunday. The Seattle Seahawks routed the New England Patriots 29–13 to claim their second Lombardi Trophy. Players of Nigerian descent on the team’s lineup who helped READ MORE
NNPCL Reaffirms Commitment to Indigenous Capacity in Africa’s Energy Narrative
The Group Managing Director of NNPC Ltd., Mr Bayo Ojulari, has reiterated the company’s commitment to deepening partnerships, strengthening indigenous capacity, and promoting gas as a critical driver of Africa’s industrialisation. Ojulari gave the assurance on Tuesday in Lagos at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2026), themed “A Decade READ MORE
Foundation Backs Govt’s Education Development Drive
In what many described as an inspiring and life-changing event, the Dr. Cairo Ojougboh Foundation has strengthened its focus on driving initiative that enhances government’s efforts for educational development in Nigeria. The Foundation was established in honour of the late medical doctor and member of the House of Representatives, Dr. Cairo Ojougboh. As READ MORE
Sanwo-Olu seeks collaboration to make Lagos global financial hub
Lagos State Governor, Babajide Sanwo-Olu, has called on stakeholders in the public and private sectors to sustain collaboration toward positioning the state as a global financial hub through the Lagos International Financial Centre The governor made the call at the launch of the Lagos International Financial Centre Phase 1 Report in Lagos, according to READ MORE
Tinubu to Make First UK State Visit by Nigerian Leader in 37 Years
President Bola Tinubu will embark on a state visit to the United Kingdom from March 18 to March 19, marking the first official state visit by a Nigerian leader in 37 years. The visit was announced on Sunday by the British Royal Family via its official X handle, @RoyalFamily. President Tinubu will be accompanied READ MORE
BoI Joins Nigeria’s N1.6trn Non-Interest Banking Market
The Central Bank of Nigeria (CBN) has licensed the Bank of Industry (BoI) to operate a Non-Interest Banking (NIB) window, a move aimed at expanding financial inclusion, promoting ethical financing, and increasing participation in the real economy. Non-Interest Banking—also known as Islamic or ethical finance—eliminates interest (riba) and instead adopts a risk- and profit-sharing READ MORE
Tinubu Pledges Ranching, Livestock Reforms to Tackle Insecurity
President Bola Tinubu has reaffirmed his commitment to implementing ranching and livestock sector reforms as part of efforts to curb persistent farmer–herder conflicts and strengthen national security. Speaking on Monday at the opening of the two-day National Economic Council (NEC) conference at the State House Conference Centre in Abuja, Tinubu said he expects the READ MORE