The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the strategic implementation of downstream deregulation and foreign exchange reforms resulted in over N6 trillion in savings from fuel import losses during the first nine months of 2025. This disclosure was made by the Chief Executive of the NMDPRA, Mr. Saidu Mohammed, during…
…Calls for continued partnership with Navy Following the success of its maritime security architecture known as the Deep Blue project, the Nigerian Maritime Administration and Safety Agency (NIMASA) is considering an expansion of the project which impact has been felt across the Gulf of Guinea and gained global recognition, to ensure sustainability and greater impact….
Adeyemi David Stanbic IBTC Holdings Plc has announced its unaudited financial results for the year ended December 31, 2025, recording a pre-tax profit of N552 billion, an impressive 81.6 pet cent increase from N303.8 billion in 2024. The robust performance was driven by higher interest income, boosted by increased loan volumes, rising interest rates, and…
Adeyemi David Nigeria’s naira closed the trading week ended January 31, 2026, with notable gains against the United States dollar, marking its strongest performance in around two years amid improved foreign exchange market conditions and rising external reserves. Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira appreciated to ₦1,386.55 per dollar at…
Nigerian international and Atalanta winger Ademola Lookman is on the brink of completing a sensational €40 million transfer to Spanish La Liga giants Atlético Madrid. Despite a late and lucrative push from Turkish side Fenerbahçe, Lookman has prioritised a move to Spain, keen on working under Diego Simeone and testing himself in La Liga. The…
The African Democratic Congress (ADC) has expressed concern over alleged efforts to coerce Nigerian civil servants into registering for the All Progressives Congress (APC) through its ongoing e-registration exercise. In a statement signed by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC said it had received multiple reports from across the country suggesting…
The stage is set for one of the biggest Premier League matches this weekend as Tottenham hosts Manchester City. The Premier League match will take place at the Tottenham Hotspur Stadium at 5.30 pm. The last time both teams met in the Premier League was last August at the Etihad Stadium. Spurs defeated the Cityzens…
President Bola Tinubu on Saturday night returned to Abuja after concluding a State Visit to the Republic of Türkiye. Reports that the Presidential aircraft touched down at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, at about 8:56 p.m. The State Visit, which began on Tuesday, featured bilateral engagements between the Nigerian leader…
The Federal Government has reiterated its commitment to positioning natural gas as a key driver of Nigeria’s economic growth, energy security, and social development following the unveiling of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Gas Master Plan (GMP) 2026. Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, made the declaration over…
Former Managing Director of the National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, has disclosed that the Federal Government approved about ₦14.6 billion for the procurement of modern boats and ferries to strengthen safety, trade and passenger transportation across Nigeria’s inland waterways. Oyebamiji made this known in Osun State on Thursday while receiving a delegation…
