By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) and partners in the OML 118 joint venture have signed key agreements expected to accelerate the development of the long-delayed Bonga Southwest/Aparo (BSWAp) deepwater project towards Final Investment Decision (FID). The agreements include the Addendum to the OML 118 Production Sharing Contract (PSC) and…
By Seun Ibiyemi The Rural Electrification Agency (REA) is seeking to reposition electricity access as a driver of economic growth, with its Managing Director, Dr Abba Aliyu, proposing a new model that links power supply directly to businesses, jobs and investment. Aliyu, in the second part of his two-part article on electrification in the age…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has called on the Independent National Electoral Commission (INEC) to strengthen transparency and enforcement of political campaign financing ahead of the 2027 general elections. SERAP made the demand in a Freedom of Information request dated August 22, 2026, signed by its Deputy Director, Kolawole Oluwadare,…
By Seun Ibiyemi The National Inland Waterways Authority (NIWA), Lagos State Waterways Authority (LASWA), SIFAX Logistics, and Dangote Transport are among major stakeholders that have confirmed participation in the forthcoming 2026 Transportation Summit organised by the Transportation Correspondents Association of Nigeria (TCAN). The summit, scheduled to hold on the 24th of September, 2026, at the…
The Nigeria Deposit Insurance Corporation (NDIC) has moved to strengthen its procurement capacity as part of efforts to improve efficiency, transparency and accountability in the discharge of its statutory responsibilities amid ongoing reforms in Nigeria’s banking sector. The Managing Director/Chief Executive Officer of the NDIC, Thompson Oludare Sunday, disclosed this in Lagos during a three-day…
Major Nigerian banks are facing delays in releasing their half-year 2026 financial results as the Central Bank of Nigeria (CBN) intensifies its review of lenders’ assets, earnings quality and regulatory compliance. Five systemically important banks — Guaranty Trust Holdings Company (GTCO) Plc, Access Holdings Plc, Zenith Bank International Plc, United Bank for Africa (UBA) Plc…
By Seun Ibiyemi The Federal Government spent N6.47tn on strategic infrastructure development between June 2023 and December 2025, with major highway projects accounting for about N3.83tn, according to its newly released Nigeria Reform Scorecard. An analysis of the scorecard, titled “The Benefits, Costs and Harm Prevented,” showed that the Lagos-Calabar Coastal Highway received the largest…
Dangote Petroleum Refinery & Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa states, in a move aimed at reducing distribution costs and creating greater room for lower petrol prices. The initiative, which previously covered Lagos, Ogun, Rivers, Kaduna, Abuja and Delta states, is designed to bring refined petroleum…
Former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has described President Bola Tinubu’s removal of the petrol subsidy in 2023 as “economic apartheid,” escalating the ongoing political debate over the policy ahead of the 2027 presidential election. Atiku made the accusation in a statement issued by his media team…
By Seun Ibiyemi The National Drug Law Enforcement Agency (NDLEA) has reported major breakthroughs in its latest operations across Nigeria, including the arrest of a 101-year-old woman for alleged cannabis dealing and the seizure of illicit drugs worth more than N4.4 billion at the Apapa and Lekki ports in Lagos. The agency also intercepted cocaine…
