By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has denied claims circulating in some quarters that it is selling refinery scrap materials, equipment, or components to individuals and private companies, describing the reports as false and misleading. In a public notice issued on Friday in Abuja, the company said it had not authorised…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has described the Federal Government’s 2026 fiscal policy measures as a bold step toward accelerating industrial growth, while warning of potential disruptions for businesses reliant on imports. In a policy brief issued on Sunday, CPPE Chief Executive Officer, Dr. Muda Yusuf, said the…
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has allotted a total of N3.64 billion in its April 2026 Savings Bond offer, reflecting sustained interest among retail investors in government-backed securities. According to offer results released after the subscription window closed between April 7 and April 10, the issuance featured…
By Seun Ibiyemi Former Kaduna State governor, Nasir El-Rufai, has raised alarm over what he described as a coordinated attempt to malign his reputation, following recent developments surrounding his ongoing legal challenges. In a statement issued on Sunday by his Media Adviser, Muyiwa Adekeye, El-Rufai alleged that efforts to undermine him began with what he…
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced a force majeure on the Ikeja West–Osogbo 330kV transmission line following a severe rainstorm that struck on Thursday, April 16, 2026. In a statement issued by the General Manager, Public Affairs, Ndidi Mbah, the company disclosed that the transmission line tripped during the storm…
By Seun Ibiyemi The Federal Government through the Ministry of Finance has dismissed recent media reports alleging that a significant portion of Nigeria’s federation earnings is being diverted or concealed, describing such interpretations as a misrepresentation of findings in the latest Nigeria Development Update by the World Bank. In a statement issued, the Honourable Minister…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has reported a significant rise in foreign investment in Nigeria’s pharmaceutical sector, attributing the development to the successful implementation of its 5+5 Policy. The policy, introduced in 2018 by NAFDAC’s Director-General, Mojisola Adeyeye, is designed to promote local drug manufacturing by…
By Seun Ibiyemi Nigeria and the United Kingdom are set to formalise a £746 million financing agreement aimed at upgrading key maritime infrastructure at the Lagos Port Complex (Apapa Quays) and Tin Can Island Port Complex, as President Bola Tinubu begins a historic state visit to the UK. The deal, to be signed between UK…
The escalating military confrontation involving Iran, the United States and Israel is sending shockwaves through global energy markets, with crude oil prices rising sharply and creating new economic pressures for countries like Nigeria. Over the past two weeks, international crude benchmarks have surged dramatically. Brent Crude, the global benchmark used to price much of the…
The Society of Petroleum Engineers Nigeria Council has called for resilience, disciplined execution, and strategic coordination to reposition Nigeria as a leading player in the global oil market. The Chairman of the Council, Mr. Francis Nwaochei made the call ahead of the 2026 Oloibiri Lecture Series and Energy Forum (OLEF), scheduled for April 9 at the…
