Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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Recapitalisation Without Transformation Is A Risk Nigeria Cannot Afford
By Blaise Udunze In barely two weeks, Nigeria’s banking sector will once again be at a historic turning point. As the deadline for the latest recapitalisation exercise approaches on March 31, 2026,
NUPRC Enforces Drill Or Drop Rule, Ends Era Of Idle Oil Licences
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will no longer allow oil companies to hold onto petroleum prospecting licences without developing the assets. Its Chief Executive Officer, Oritsemeyiwa Eyesan, declared this while
Fola Adeola, GTB Co-Founder Heads New Presidential Taskforce To Reshape Nigeria’s Oil, Gas Industry
President Bola Tinubu has created a Presidential Petroleum Reform and Value Optimisation Taskforce to design the next phase of structural reforms in the country’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty
EFCC Restores $225k, ₦62.79m To Foreign Fraud Victims
The Economic and Financial Crimes Commission, EFCC, has handed over a total sum of $225,895 (Two Hundred and Twenty-Five, Eight Hundred and Ninety-Five United States Dollars) and ₦62,790,000 (Sixty-Two Million, Seven Hundred
Makinde Inaugurates Acting OYSERC Board To Drive Power Reform
Governor, ‘Seyi Makinde, has appointed the Commissioner for Energy and Mineral Resources, Prof. Dahud Kehinde Shangodoyin, as the Acting Chairman of the Oyo State Electricity Regulatory Commission (OYSERC) in order to fast
Shell Restarts 225,000 BPD Bonga Field, Boosting Nigeria’s Oil Output
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced the completion of the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at
Vandalism Crisis: KEDCO Boss Demands Security Collaboration To Save Power Infrastructure
Electricity infrastructure remains vital to socio-economic development and requires strong collaboration with security agencies to prevent vandalism and other threats to power installations, the Managing Director/Chief Executive Officer of Kano Electricity Distribution
Disability Community Honours Dr. Seun Osamaye For Championing Inclusive Leadership
Members of the disability community in Ondo State have conferred an Award of Excellence on the Commissioner for Women Affairs and Social Development, Dr. Seun Osamaye, in recognition of her exemplary leadership,
How $760,910 Was Allegedly Used To Pay School Fees Of Yahaya Bello’s Children-Witnesss
A prosecution witness in the trial of a former governor of Kogi State, Yahaya Adoza Bello, has narrated before the Federal Capital Territory, FCT, High Court, Maitama, Abuja, how a total sum
68% Of Nigeria’s Power Plants Idle; Grid Faces Severe Frequency Fluctuations- NERC
The Nigerian Electricity Regulatory Commission (NERC), has said that the country’s power generation plants recorded an average availability of 32 per cent in February 2026. Revealing this in its current operational performance
