President Bola Tinubu has announced a new economic and security framework to unlock Nigeria’s potential in the blue economy, focusing on maritime development, job creation, and sustainable growth. Speaking on Wednesday at a Presidential Parley with Senior Executive Course 47 of the National Institute for Policy and Strategic Studies (NIPSS) in Abuja, Tinubu, represented by…
NNPC E&P Limited (NEPL) has recorded its highest daily oil output in more than 30 years, producing 355,000 barrels per day on 1 December 2025. The achievement represents a major step forward for Nigeria’s upstream sector and reflects NEPL’s focus on operational efficiency, disciplined management, and structured field development. Commenting on the milestone, NNPC Limited…
In a significant step towards reducing environmental impact and expanding gas supply, the NNPC/Heirs Energies OML 17 Joint Venture has signed commercialisation agreements with five companies to utilise flare gas previously wasted in operations. Heirs Energies’ CEO, Mr Osa Igiehon, stated in Lagos that the agreements “advance Nigeria’s gas commercialisation and environmental stewardship agenda.” Concluded…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly denied allegations that it is holding back the Frontier Exploration Fund (FEF) meant for the Nigerian National Petroleum Company (NNPC Ltd.). The commission said the rumours were inaccurate and intended to mislead the public. In a statement on Wednesday, Eniola Akinkuotu, Head of Media and Strategic…
The Nigerian Exchange Group (NGX) has highlighted its digital platform, NGX Invest, as a key innovation that aligns with the objectives of the Investment and Securities Act (ISA) 2025. Speaking at the CAMCAN 2025 Workshop, NGX Chairman Dr Umaru Kwairanga said NGX Invest had simplified public offers and rights issues, enabling millions of investors to…
The Asset Management Corporation of Nigeria (AMCON) has repaid about N3.6 trillion to the Central Bank of Nigeria (CBN) since its establishment in 2010, Managing Director Gbenga Alade said on Wednesday in Lagos. Alade described the repayments as “a significant national achievement,” noting that while AMCON initially acquired toxic bank assets for N1.7 trillion, it…
Nigeria’s central bank has scrapped cash-deposit limits and eased withdrawal restrictions in a major policy shift designed to reduce the cost of cash handling and tackle security and money-laundering concerns. The Central Bank of Nigeria (CBN) announced the changes in a circular signed by Dr Rita Sike, Director of Financial Policy and Regulation, who said…
Enugu State Government has announced plans to acquire an additional 14 aircraft in 2026, bringing the total fleet to 20, alongside the procurement of 2,000 sedans for city taxis. Governor Peter Mbah disclosed the plans during the presentation of the 2026 budget to the State House of Assembly in Enugu on Tuesday, describing Enugu Air…
Enugu State Governor Peter Mbah has revealed that the state received N230 billion from the Federal Account Allocation Committee (FAAC) in 2025, exceeding the N150 billion projected in the 2025 Enugu State budget. Speaking during the presentation of the 2026 budget to the State Assembly on Tuesday in Enugu, Governor Mbah said the 2025 budget…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the Nigeria 2025 Licensing Round, marking a key step in the Federal Government’s efforts to expand investment in the oil and gas sector. At a press briefing in Abuja, NUPRC Chief Executive, Gbenga Komolafe, unveiled the dedicated bid portal: br2025.nuprc.gov.ng. The round, approved by President…
