Blog

Ajaokuta steel rehabilitation to cost close to $5b - Minister
Business

Kogi secures licence for Ajaokuta economic city free trade zone

Kogi State has received the official licence for the Ajaokuta Economic City Free Trade Zone, marking a significant advancement in Nigeria’s efforts to revive industrial growth around the Ajaokuta area. Governor Usman Ododo collected the certificate in Abuja from Dr Olufemi Ogunyemi, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA). Ododo stated that […]

News

Osun gov urges payroll consultant to submit evidence to investigators

Osun State Governor Ademola Adeleke has called on payroll consultant Sally Tibbot to present any evidence in her possession to anti-graft agencies investigating alleged irregularities in the state’s payroll review process. In a statement issued on Wednesday in Osogbo, the spokesperson to Governor Ademola Adeleke, Olawale Rasheed, said ongoing investigations by relevant authorities should be […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity

Stakeholders demand accountability in Nigeria power industry

Stakeholders in Nigeria’s electricity sector have renewed calls for coordinated reforms, stronger accountability and a structured transition to cleaner energy, as the Nigeria Electricity Supply Industry Week 2026 was officially unveiled in Abuja. The initiative, according to its organisers, is aimed at addressing longstanding challenges in the sector by fostering sustained collaboration among regulators, operators, […]

Oil and Gas

NUPRC sets Friday deadline for 2025 oil licensing pre-qualification

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of applications for pre-qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27. The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the Licensing Round Guidelines. “All […]

Oil and Gas

Tinubu’s order stops NNPCL’s ₦2.1tn four-year deductions

President Bola Tinubu’s executive order has halted deductions by the Nigerian National Petroleum Company Limited for management fees and the Frontier Exploration Fund, stopping revenue streams that totaled about N2.076 trillion over four years, according to investigations by The PUNCH. An analysis of monthly earnings submitted to the Federation Account Allocation Committee, obtained by the […]

Business

NUPRC sets February 27 deadline for 2025 licensing round applications

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of pre-qualification applications for the Nigeria 2025 petroleum licensing bid round will close on February 27. In a public notice issued on Wednesday, the commission urged applicants to comply strictly with all submission requirements and meet the stated deadline. “The Nigerian Upstream Petroleum […]

Instagram launches location-sharing map to rival Snapchat
Tech

Instagram expands teens safety tools with parental notification system

Instagram said it will begin notifying parents when a teenager repeatedly searches for terms associated with suicide or self-harm within a short period. The move is part of broader efforts by the platform to strengthen youth safety features and provide earlier intervention signals to families. The announcement comes amid growing pressure on governments worldwide to […]

Business

Seplat profit surged 87% to $498m in 2025 — NGX

Seplat Energy Plc has released its audited financial results for the year ended December 31, 2025. The results were announced on the Nigerian Exchange Limited and the London Stock Exchange. The company reported profit before tax growth of 86.7 percent to $497.8 million, compared to $266.7 million in the previous year. Gross profit rose 156.4 […]

Economy featured

Invest in children or risk $1tn economy dream, W’Bank warns Nigeria

Nigeria’s ambition to build a $1tn economy by 2050 could be undermined if the country fails to urgently invest in early childhood development, the World Bank has warned. The warning came during a policy dialogue held in Abuja on Tuesday, themed “Early Childhood, Productivity and Nigeria’s Growth Choices”. Development experts at the event highlighted that […]

Opinion

BudgIT urges open budgeting for Nigeria’s climate resilience

BudgIT Foundation, a civic and fiscal policy advocacy group, has emphasised that transparent budgeting processes and strong climate finance reporting are vital for the nation to mount an effective response, as Nigeria grapples with the escalating effects of climate change and fragile public finance structures, The organisation highlighted this position at a stakeholder workshop held […]

Dangote Refinery loses N32.5bn after petrol price cut
featured Oil and Gas

Dangote Refinery unveils five projects to build industrial hub

Dangote Petroleum Refinery has announced plans to expand beyond crude processing into a fully integrated industrial hub. The expansion includes five major projects aimed at transforming Africa’s manufacturing landscape. One of the key initiatives is the construction of a 400,000-tonne Linear Alkaline Benzene plant to support detergent manufacturing across the continent. Addressing journalists during a […]

TotalEnergies to invest $6bn in Nigeria's Deepwater
Oil and Gas

TotalEnergies credits PIA for boosting investment in Nigerian oil industry

The Petroleum Industry Act has been described as the enabler for the transparency and foreign direct investment currently being experienced in Nigeria’s oil industry. The Managing Director/Chief Executive of TotalEnergies EP Nigeria Limited, Matthieu Bouyer, stated this at a panel session held at the Sub-Saharan Africa International Petroleum Exhibition and Conference in Lagos. He was […]