Business

The Federal Ministry of Humanitarian Affairs and Poverty Reduction yesterday commenced the distribution of food items and other relief materials to 42,000 vulnerable individuals across the 17 local government areas of Yobe State. The initiative forms part of the Presidential Emergency Food and Nutrition Intervention Programme, designed to address hunger, malnutrition and poverty while supporting […]

President Bola Tinubu has directed the Infrastructure Concession Regulatory Commission to guide the implementation of the Federal Government’s National Gas Infrastructure Command Centre strictly under a Public-Private Partnership framework, with zero public funding and no contingent liability to government. The Director-General of the Infrastructure Concession Regulatory Commission, Dr Jobson Ewalefoh, disclosed this at the inaugural […]

The executive order issued by President Bola Tinubu stopping the deduction of management fees and the Frontier Exploration Fund by the Nigerian National Petroleum Company Limited has effectively halted revenue streams that generated about N2.076tn in four years. An analysis of monthly earnings submitted to the Federation Account Allocation Committee and obtained by our correspondent […]

A chieftain of the All Progressives Congress, Chief Uche Nwosu, on Thursday commended President Bola Tinubu for signing an executive order directing that revenues from the Nigerian National Petroleum Company Limited be paid directly into the Federation Account before any disbursement is made back to the national oil company. Nwosu, who served as Chief of […]

Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue due to its failure to meet the production quota set by the Organisation of the Petroleum Exporting Countries from January 2025 to January 2026. Data from the Nigerian Upstream Petroleum Regulatory Commission revealed that the country’s crude oil production fell below the OPEC-set […]

Abia State Governor, Alex Otti, says that the proposed Aba Commercial Smart City, a strategically situated Public-Private Partnership investment hub sitting on a 140-hectare land at Osisioma, will, on completion, launch Aba into an industrial centre for sustainable economic development and job creation. Otti, who was speaking yesterday during the signing of a Memorandum of […]

The fuel supply arrangement between the Dangote Petroleum Refinery and 20 major petroleum marketers, under which the parties agreed to offtake 600 million litres of petrol monthly, has collapsed over pricing disagreements. It was also gathered that the disagreement sparked the surge in petrol importation witnessed in the month of November 2025, with total imports […]

Togo, Niger, and Benin owe Nigeria $17.8m, an equivalent of over N25bn at the current exchange rate, for electricity supplied under bilateral arrangements, the Nigerian Electricity Regulatory Commission has said. In its Third Quarter 2025 report, NERC disclosed that the three international customers were invoiced a total of $18.69m by the Market Operator for electricity […]

Petrol station workers under the aegis of the Concerned Petrol Station Workers have opposed plans by AA Rano to introduce what the company described as Nigeria’s first fully automated and unmanned fuel stations. According to the company, the stations will rely on contactless payment platforms, real-time monitoring technology, and automated dispensing systems, thereby eliminating the […]