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Iran Slashes Oil Output as Storage Hits Capacity Limit The United States and Iran are edging towards a temporary agreement to halt their war as Tehran grapples with an escalating oil storage crisis caused by stalled crude exports and falling production. Sources and officials told Reuters on Thursday that both countries...

The Making of a Road Safety Doctrine Within the FRSC, by Lawal Dahiru Mamman

The Making of a Road Safety Doctrine Within the FRSC, by Lawal Dahiru Mamman In public administration, there is a...

Equities Market Slips 0.58%

The Nigerian equities market closed lower on 5 May 2026, shedding 1,411.37 points to settle at 241,750.15, a 0.58% decline from the previous close, as selling pressure hit large-cap stocks including Wema Bank, MTN, and Aradel.

Domestic Crude Supply Falls Short in Q1 – NUPRC

Domestic refineries received only 28.5 million barrels of crude oil in Q1 2026, far below the 61.9 million barrels allocated, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Tinubu Courts Investors, Highlights Reform Gains in France

President Bola Tinubu met with global investors in France on Tuesday, seeking to attract capital and highlight Nigeria’s ongoing reforms.

Reps Approve N479.5bn NCC Budget for 2026

The House of Representatives has approved a ₦479.5bn budget for the Nigerian Communications Commission (NCC) for the 2026 financial year.

20,000 Seafarers Stranded as Iran Tightens Grip on Strait of Hormuz

Iran has established the Persian Gulf Strait Authority to regulate maritime traffic through the Strait of Hormuz, one of the world’s most critical oil shipping routes.

DisCos Improve Efficiency but Lose N8bn Revenue, NERC Reports

Electricity distribution companies (DisCos) have recorded improved efficiency in February 2026 but still suffered a ₦8bn revenue decline, indicating persistent weaknesses in the sector’s commercial framework.

NNPC Reports ₦276bn Profit After Tax in March

The Nigerian National Petroleum Company Limited (NNPC) reported a ₦276bn profit after tax in March 2026, more than doubling February’s earnings, despite persistent pipeline disruptions.

US, China Disagree Over Refinery Sanctions

The United States and China are in a fresh standoff over sanctions targeting Chinese oil refineries accused of processing Iranian crude, escalating tensions between the two largest economies.

NNPC Signs China Deal to Revive Refineries

The Nigerian National Petroleum Company Limited (NNPC) has signed a new agreement with two Chinese firms to accelerate the rehabilitation and restart of the Port Harcourt and Warri refineries, nearly a year after the Port Harcourt plant was shut for maintenance.

Tax Ombud Seeks IMF Support to Boost Dispute Resolution Capacity

The Tax Ombud/Chief Executive of the Office of the Tax Ombud, Nigeria, Dr. John Nwabueze, has called for strategic support from the International Monetary Fund (IMF) to strengthen the country’s tax dispute resolution framework and enhance institutional capacity.

Roleta Demo Melhor Bônus: Guia Completo para Iniciantes e Jogadores Experientes

Se você está procurando experimentar a emoção da roleta sem arriscar seu dinheiro, a roleta demo melhor bônus é...

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