A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
The Senate has confirmed new heads for Nigeria's oil regulatory bodies following the resignations of Farouk Ahmed and Gbenga Komolafe amid serious corruption allegations from Aliko Dangote. Read the full details of the scandal and swift political response
The House of Representatives has approved a $64.85 per barrel oil price benchmark for 2026, diverging from the Senate's $60. Get the full details on the MTEF/FSP projections and budget implications.
AdvoKC Foundation warns Nigeria's Senate delay on the Audit Service Bill, 2023, weakens financial oversight, enabling theft. Urges immediate passage to protect public money.
EKEDC CEO reveals high-income residents and hotels are major culprits of electricity theft, worsening Nigeria's power crisis. Discover the impact and the smart metering solution.
Nigeria's Senate has approved the CBN's exchange rate projection of N1,512/$ for 2026 and reduced the oil price benchmark to $60 per barrel. Get the full details on the 2026-2028 MTEF framework.
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
The Nigerian Senate has declined to debate a motion seeking an investigation into alleged land grabbing, demolitions, and other issues in Abuja, ruling it procedurally defective. Read the full details and reactions.
US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
US President Donald Trump announces a total blockade of sanctioned Venezuelan oil vessels, escalating tensions. Learn the details and potential impact on the global oil market.
The Nigerian Senate has approved three ambassadorial nominees, including former intelligence chiefs. Learn about their backgrounds and the Senate's unanimous endorsement.
The Nigerian Senate has directed the NSA to investigate the source of false online reports claiming Senate President Akpabio collapsed. Read the full story on the probe into this destabilising misinformation.
The Nigerian Senate has mandated NSA Nuhu Ribadu to investigate fake news about Senate President Godswill Akpabio's health. Get the full details and public reaction here.
Bauchi Police arrest two security guards for allegedly stealing an official L-PRES Project vehicle. The Toyota Hilux was recovered swiftly. Read details of the case and police statement.
Aliko Dangote reveals a powerful cartel stole $82 million from his refinery, alleging sabotage worse than drug mafias. He calls for action against local and international saboteurs.
Nigerian consumers have voted Golden Terra Soya Oil as the Most Preferred Healthy Cooking Oil at the 2025 Consumer Value Awards. Discover why 72% chose this heart-friendly brand.
Ogoni youths demand an oil block and halt to ongoing bids, insisting on equity and inclusion before resuming oil production in Ogoniland after 30 years.
PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.
The Nigerian Senate has screened three ambassadorial nominees forwarded by President Bola Tinubu. Read the latest on the confirmation process and the profiles of the nominees.
The Nigerian Senate descended into chaos as senators clashed over granting parliamentary courtesy to ministerial nominee General Christopher Musa. Read the full details of the dramatic screening.
A rowdy session erupted in the Nigerian Senate as lawmakers clashed over whether to grant General Christopher Musa a 'bow and go' during his confirmation hearing. Read the full details of the dramatic event.
A heated confrontation between Senate President Godswill Akpabio and Senator Danjuma Goje disrupted plenary. Goje cited Senate rules, calling Akpabio's actions 'unparliamentary'. Nigerians react online.
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
A rowdy session erupted in the Nigerian Senate after Senator Danjuma Goje accused Senate President Godswill Akpabio of unparliamentary conduct, stalling proceedings for over 30 minutes. Read the full details of the confrontation.
UK-based GETI commends NUPRC's digital licensing portal, projecting $10bn investment. A new benchmark for Africa's oil sector under Engr. Gbenga Komolafe's leadership.
A beachside office in the Cook Islands is being used by dozens of tankers to smuggle Russian and Iranian oil, undermining Western sanctions. New Zealand expresses alarm. Read the full investigation.
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.