By Seun Ibiyemi President Bola Tinubu has defended Nigeria’s new borrowing from international financial institutions and banks, arguing that loans should be assessed based on the infrastructure they deliver and the economic value they create. The President, in an essay titled “From Reforms to Delivery: Our Infrastructure Investment and Growth Strategy,” said the focus should…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has used the OTL Energy Week 2026 platform to highlight regulatory priorities and contribute to discussions on strengthening Nigeria’s petroleum industry and the wider West African energy market. Officials of the Authority participated in several panel sessions covering refinery competitiveness, feedstock supply, petroleum distribution, tanker logistics,…
By Seun Ibiyemi Vice President Kashim Shettima has urged religious leaders and faith-based organisations to strengthen interfaith collaboration and support government efforts to promote national unity, peaceful coexistence and economic development. Shettima said religious leaders had important roles to play in fostering understanding among communities, promoting responsible citizenship and mobilising support for initiatives aimed at…
By David Oluwatosin President Bola Tinubu has inducted five new helicopters into the Nigerian Air Force (NAF), comprising three Leonardo AW-109 Trekker B and two Airbus H-125 aircraft, as part of efforts to strengthen the country’s airpower capabilities and improve national security. The induction ceremony, held on Thursday, October 29, 2026, marks another phase in…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to achieve Nigeria’s target of reducing methane emissions by 60 per cent by 2035 with the introduction of a digital platform to strengthen monitoring, reporting and regulatory enforcement in the oil and gas industry. The platform, known as the Nigerian Oil and…
By Seun Ibiyemi The Nigerian Union of Pensioners (NUP) has called on the Federal Government to extend the recently approved N70,000 monthly transport allowance for public servants to retired workers, arguing that pensioners also face growing economic hardship. The union made the appeal at a press briefing in Abuja, noting that many retirees were vulnerable…
Fidelity Bank Plc has redeemed its $400 million five-year senior unsecured Eurobond at maturity, fulfilling its principal and interest obligations to investors and reinforcing its record in the international debt capital markets. The Eurobond, issued on October 28, 2021, matured on October 28, 2026, with an annual coupon rate of 7.625 per cent, payable semi-annually….
The Independent National Electoral Commission (INEC) has cleared former Minister of Communications and Digital Economy, Isa Ali Pantami, and Nigeria Democratic Congress (NDC) governorship candidate in Kano State, Abdulsalam Gwarzo, to contest the 2027 elections, subject to the outcome of pending court cases. However, the commission rejected a petition by the Peoples Democratic Party (PDP)…
The Petroleum Technology Association of Nigeria (PETAN) has said Nigeria needs about $6bn in drilling equipment and related infrastructure to raise crude oil production to three million barrels per day, identifying inadequate financing as a major obstacle to achieving the target. PETAN Chairman, Wole Ogunsanya, disclosed this at a media roundtable on the state of…
By Seun Ibiyemi The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced a revised gas transportation code aimed at improving pipeline access, reducing avoidable losses and strengthening the framework for domestic and cross-border gas transportation. The Authority Chief Executive, Rabiu Umar, disclosed this at the 2026 OTL Africa Downstream Energy Week in Lagos,…
