Federal Government has unveiled a set of emergency measures to cushion the impact of soaring aviation fuel prices on airline operators, as concerns mount over possible disruptions to flight services across the country. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the intervention on Wednesday following an extended...
BUSINESS
Advocacy for consumer rights in the banking sector recorded a major boost today with a judgement by a Federal High Court in Abuja dismissing, in its entirety, a suit by UBA Plc seeking to contest the jurisdiction of the Federal Competition and Consumer Protection Commission (FCCPC). In its ruling,...
NNPC Foundation Limited/Gte, the Corporate Social Responsibility (CSR) arm of NNPC Ltd. has won the CSR Champion Award (Health) 2025 instituted by the Independent Newspapers. The award was presented during the Silver Jubilee edition of the Independent Newspapers Awards, themed “Game Changers: Breaking Barriers and Shaping Tomorrow,” held at...
NNPC Limited, through its Research, Technology and Innovation (RTI) Division, in collaboration with the Petroleum Technology Development Fund (PTDF), today signed a Memorandum of Understanding (MoU) with Sonatrach, the Algerian National Oil Company, for cooperation in research, development and innovation. This is contained in a statement issued on Wednesday...
Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) that both organisations said would safeguard consumers against fraud while opening opportunities for them to leverage the potentials of the telecommunications and financial sectors. The MoU was signed as NCC and...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has approved the F-500 Encapsulator Agent fire suppressant for use across midstream and downstream petroleum operations, subject to strict three-year conditions and regulatory monitoring. The fluorine-free agent is now cleared for deployment in depots, pipelines and processing facilities, the NMDPRA said...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has approved the F-500 Encapsulator Agent fire suppressant for use across midstream and downstream petroleum operations, subject to strict three-year conditions and regulatory monitoring. The fluorine-free agent is now cleared for deployment in depots, pipelines and processing facilities, the NMDPRA said...
In its bid to advance inclusion, celebrate female excellence, and strengthen women’s participation across technical and professional sectors, the NNPC Retail Limited (NNPC Retail), a subsidiary of the NNPC Ltd., hosted the second edition of She-Fix 2.0, its flagship, women-focused initiative, in Abuja, on Saturday. The event, held under...
The Committee of Ministers for the West African Gas Pipeline Project met in Abuja on Friday, reaffirming its central role in West Africa’s regional energy agenda. The meeting brought together ministers and high-level representatives from Nigeria, Benin, Togo, and Ghana, alongside officials from ECOWAS, the West African Gas Pipeline...
Shell Nigeria Exploration and Production Company Limited (SNEPCo), has teamed up with the Nigerian National Petroleum Company Limited (NNPC), and the Nigerian Content Development and Monitoring Board (NCDMB), to deliver a Geosciences Centre of Excellence at the University of Lagos (UNILAG), a world-class learning and research hub in a...
Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, on Wednesday paid a visit to the United Arab Emirates (UAE) Ambassador to Nigeria, H.E. Salem Saeed Al Shamsi, at the UAE Embassy. The meeting highlighted the existing strong bilateral energy ties between Nigeria...
[News Analysis] A September 2025 approval tied to a failed pipeline transaction has resurfaced, despite the deal being formally terminated four months earlier, according to sundry reports. The approval relates to a proposed sale of a 40 per cent stake in the Amukpe-Escravos Pipeline, a 160,000-barrel-per-day evacuation route that...
National Chairman of the ruling party, All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that President Bola Ahmed Tinubu’s administration is implementing a historic and deliberate economic masterplan to transform Kano State into the foremost regional hub for commerce, manufacturing, logistics and transnational trade in Nigeria and across...
An oil firm, Sumedha Energy Limited, a joint venture partner with Nigeria Exploration and Production Limited (NEPL) and Ibom Developers have pledged to commitment towards continued sustaining projects in Akwa Ibom. Company’s manager in charge of the media, Aniekeme Finbarr, gave the pledge after receiving an award for job...
Lagos State Internal Revenue Service (LIRS) has further extended the deadline for filing of individual annual income tax returns to April 21, 2026. Head, Corporate Communications, LIRS, Monsurat Amasa-Oyelude, announced this in a statement issued on Saturday in Lagos. The Service said the decision follows the significant increase in...
NNPC Limited’s Chief Financial Officer (CFO), Adedapo Segun, has headlined a panel session at the Society of Petroleum Engineers (SPE) 2026 Oloibiri Lecture and Energy Forum (OLEF) held in Abuja, Nigeria, themed “Capital Allocation beyond Brownfield vs. Greenfield: Data-driven investment decisions.” In his remarks, Segun, who was represented by...
Nigeria’s national oil company, Nigerian National Petroleum Company Limited (NNPC Ltd), has reported improved natural gas production and increased revenue in its Monthly Report Summary for February 2026, highlighting continued progress across key infrastructure projects and operational activities. According to the report, natural gas production recorded steady growth during...