FG to Settle N2.7trn Gas Debt with Royalty Payments
The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, disclosed this Thursday...
UK Tops Nigeria’s Q1 Capital Inflow with N5.5trn Investment
United Kingdom-based investors provided the bulk of Nigeria’s foreign capital in the first quarter of 2025, accounting for more than 65 per cent of total inflows, the latest Capital Importation report...
Stakeholders Push for Overhaul of Secrecy Laws Blocking Defence Transparency
Civil society groups and security stakeholders have urged the urgent review of secrecy laws that obstruct transparency and accountability in Nigeria’s defence and security sector.
The demand was made at the...
NNPC, Marketers Reduce Petrol Prices After Dangote’s Price Cut
The Nigerian National Petroleum Company Limited (NNPC) and other marketers have reduced the pump prices of Premium Motor Spirit (petrol) following Dangote Petroleum Refinery’s cut in ex-depot prices.
From as high as...
FG Clears N2trn Contractor Debt, Plans 2025 Capital Budget
The Federal Government has cleared over N2tn in outstanding capital budget obligations from the 2024 fiscal year, with a pledge to prioritise the timely release of 2025 capital funds.
The Minister of...
NUPRC Aims to Capture 40% of Africa's Oil Investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is taking bold steps to reclaim the country’s dominant position in Africa’s oil and gas investment space after its share of sub-Saharan...
