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...
BUSINESS
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...
The CSO Coalition for the Revival of Ajaokuta Steel Company, has announced the convening of an International Conference on Ajaokuta Steel Company, scheduled to hold virtually on Thursday, April 16, 2026 at 11:00 AM. Themed Ajaokuta Phenomenon in Tinubu’s Era: A Turning Point or Another Missed Opportunity?, the conference...
Nigerian National Petroleum Company Limited (NNPC) has confirmed that national crude oil production has grown from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day and a peak production of 1.84 million barrels per day in 2025, owing to...
Shell Nigeria Exploration and Production Company Limited (SNEPCo) and the Nigerian National Petroleum Company Limited (NNPC) last week donated an Endobronchial Ultrasound (EBUS) system and a Body Plethysmograph to the University of Lagos Teaching Hospital (LUTH), enabling one of Nigeria’s foremost health institutions to provide advanced diagnostics in pulmonary...
Nigerian National Petroleum Company (NNPC) Limited has launched a new crude oil grade, Cawthorne Blend, into the international market, with the maiden export cargo already en route to the Netherlands in what the company described as a major step toward boosting Nigeria’s crude oil production and strengthening its global...
When a nation’s economy is tanking such that it prints cash to meet governance cost, what can the tax chief do to help reflate that economy? This was the challenge before Zacch Adedeji, the Chairman of the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS). That...
Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr Chamberlain Peterside, has warned the BRACED states against allowing the economic carpet shift below their feet again. BRACED is an acronym representing the six states in the South-South geopolitical zone of Nigeria that formed a regional economic development bloc....
The Inauguration Ceremony of the Board of the Universal Service Provision Fund (USPF), was held on the 27th March 2026 at the Abuja Intercontinental Hotel. Among the dignitaries at the ceremony were the Minister of Communications, Innovation and Digital Economy/ Chairman, USPF Board, Dr. Bosun Tijani and, the Executive Vice...
The Federal Government has reiterated its commitment to empowering women as key drivers of the nation’s creative economy, with a focus on expanding access to finance, skills development and leadership opportunities. The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, made this known on Thursday in...
The Independent Media and Policy Initiative (IMPI) wants the President Bola Tinubu administration to use benefits that would accrue to the country from the current surge in global crude price in the aftermath of the ongoing Middle East conflict to continue to build a more resilient economy. This is...
Federal government on Monday launched the “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA” report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market. The high-level report, hosted by the Office...
The Nigerian Communications Commission (NCC), has directed Mobile Network Operators (MNOs) to provide compensation to subscribers whose network quality of service experience is below specified targets within specific locations. The Commission’s position is that subscribers should not be made to bear the full burden of service disruptions where operators...
A high-powered delegation from the Nigerian Communications Commission (NCC), during the week, paid a courtesy visit to the Plateau State Governor, Caleb Manasseh Mutfwang in Jos, the state capital.
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, on Tuesday delivered a characteristically direct and pragmatic assessment of Nigeria and Africa’s energy future at CERAWeek 2026, declaring that the country’s fundamentals are strong, its value proposition clear, and its focus now squarely on execution. Speaking on...
The ongoing war between the United States (US), Israel and Iran in the Middle East has continued into its second week, raising the economic threat this conflict poses to South Africa. Iran has responded to the 28 February US/Israel attack by targeting oil-producing states in the Persian Gulf that...
Africa’s wealthiest entrepreneurs have once again been spotlighted as Forbes releases its 2026 Africa Billionaires ranking, with Nigeria’s Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu leading the pack. Topping the list, Aliko Dangote retained his title as Africa’s richest man, with an estimated net worth of $28.5...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to reduce the cost of crude oil supplied to the Dangote Petroleum Refinery, warning that the current pricing structure is contributing to the sharp rise in petrol prices across the country. National President of IPMAN, Abubakar...
Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has described the resolution of the long-running OPL 245 dispute as a major milestone for Nigeria’s energy sector and a step forward in unlocking the country’s deepwater oil potential. In a statement issued on March 5, Ojulari said the...