Speaker of the House of Representatives, Tajudeen Abbas, has urged Nigerians to support President Bola Tinubu’s re-election bid in 2027, saying it would be a “disservice” to reverse the policies and reforms of the current administration. Abbas made the statement on Wednesday when he received the PBAT Door-to-Door Movement, led by its National Coordinator, Comrade…
The Presidency has urged Nigerians to submit their views on the proposed National Policing Bill, saying public submissions will close by 5pm on Thursday, August 13, 2026. Chief of Staff to President Bola Tinubu and Chairman of the Presidential Working Group on the National Policing Bill, Femi Gbajabiamila, disclosed this on Wednesday, stressing that the…
The Central Bank of Nigeria (CBN) has announced the commencement of the second cohort of its Regulatory Sandbox Programme, introducing a new dual-track structure to support responsible innovation in virtual assets and data-enabled financial services. Applications for the programme opened on August 12, 2026, and will close on August 31, 2026. The new cohort will…
Caverton Offshore Support Group Plc recorded a 41 per cent quarter-on-quarter increase in revenue to N8.6 billion in the second quarter of 2026, while its loss narrowed by about N1.2 billion as the company continued efforts to strengthen its financial position. The company disclosed this in its unaudited results for the six months ended June…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after a trade (T+1) as the settlement deadline for equities and commodities transactions cleared through the Central Securities Clearing System (CSCS). The commission announced the clarification in a circular issued on Wednesday, aimed at providing greater certainty…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has expressed readiness to implement amendments to the Production Sharing Contract (PSC) framework following the Federal Government’s approval of a new incentive regime for deep offshore oil and gas projects. NNPC Group Chief Executive Officer, Bayo Ojulari, disclosed this on Wednesday after President Bola Tinubu signed the…
By Seun Ibiyemi Nigeria’s crude oil production declined by 4 per cent month-on-month to 1.505 million barrels per day (mbpd) in July 2026, but remained above the country’s OPEC quota of 1.5mbpd for the third consecutive month. The latest production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country produced…
The Economic and Financial Crimes Commission (EFCC) has recovered more than N115 billion and $84 million in outstanding statutory levies owed the Niger Delta Development Commission (NDDC) by oil companies, the anti-graft agency has told the Senate. The disclosure was made on Wednesday before the Senate Public Accounts Committee, chaired by Senator Ibrahim Dankwambo, during…
The African Democratic Congress (ADC) has raised the alarm over an alleged plan to arrest its National Secretary, Rauf Aregbesola, ahead of Saturday’s Osun State governorship election. The party said it had received what it described as “credible reports” of a possible arrest of the former governor in the days leading to the election. In…
By Seun Ibiyemi The University of Port Harcourt (UNIPORT) Business School is set to convene a three-day workshop aimed at developing practical strategies to accelerate Nigeria’s sustainable economic transformation through innovative governance, strategic leadership and institutional reform. The workshop, scheduled for September 2 to 4, 2026, will be held under the theme, “Advancing Sustainable Economic…
