By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeisGeophysical Limited to advance offshore oil exploration and strengthen Nigeria’s hydrocarbon resource base. The agreement, executed in Abuja, authorises SeaSeis, in partnership with TGS, to acquire and process new 3D seismic and gravity data…
By Seun Ibiyemi The Federal government through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has intensified efforts to attract global investors to Nigeria’s oil and gas sector, declaring that government reforms have created a stable and competitive environment for investments. Speaking at the CERAWeek by S&P Global in Houston, Lokpobiri described Nigeria’s…
By Seun Ibiyemi The National Drug Law Enforcement Agency (NDLEA) and the Nigeria Customs Service (NCS) have reaffirmed their commitment to intensified collaboration in combating narcotics trafficking along Nigeria’s maritime corridor. This followed a courtesy visit by the newly appointed Commander of NDLEA, Tincan Strategic Command, Solomon Gbadebo Omotosho, to the Kirikiri Lighter Terminal (KLT)…
By Seun Ibiyemi The Executive Vice President, Upstream at NNPC Limited, Udy Ntia, has highlighted Nigeria’s rising profile as a leading destination for global energy investment at the ongoing CERAWeek. Speaking at a high-level session titled “Data-Rich, Infrastructure Ready: The Competitive Edge of Proven Super Basins,” Ntia said improved fiscal stability, regulatory certainty, and a…
By Seun Ibiyemi The Corporate Affairs Commission (CAC) and the Nigerian Communications Commission (NCC) have agreed to strengthen collaboration aimed at enhancing transparency and driving economic growth in Nigeria. The resolution was reached during a courtesy visit by the Executive Vice Chairman/CEO of NCC, Aminu Maida, to the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji, in…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has reiterated its commitment to strengthening Nigeria’s pharmaceutical sector through international collaboration, as it hosted the High Commissioner of Bangladesh to Nigeria, Miah Md. Mainul Kabir, on a courtesy visit in Abuja. Speaking during the meeting, NAFDAC Director-General, Mojisola Adeyeye, highlighted…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has inaugurated the Forum of Nigerian Electricity Regulators (FONER) in a move to deepen coordination and improve regulatory efficiency across the country’s electricity sector. Speaking at the first quarter 2026 Regulatory Meeting with State Electricity Regulators in Lagos, NERC Chairman, Musiliu Oseni, described the initiative as…
By Seun Ibiyemi The Attorney-General of the Federation and Minister of Justice, Lateef O. Fagbemi, has dismissed criticisms from the media office of former Vice-President Atiku Abubakar over the resolution of disputes surrounding the controversial OPL 245 oil block, describing the settlement as a major achievement of the current administration. In a press statement issued…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has strengthened its partnership with the World Customs Organisation (WCO) under the Anti-Corruption and Integrity Promotion (A-CIP) Programme, earning international commendation for its commitment to transparency and institutional reforms. This development followed a high-level meeting held on March 23, 2026, at the WCO Headquarters in Brussels, Belgium,…
By Seun Ibiyemi The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, declined by 15.60 per cent year-on-year to ₦1,051.47 in February 2026, according to the latest Price Watch report. The report, released for February 2026, showed that the average price paid by consumers dropped from ₦1,245.80 recorded in February 2025….
