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Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.

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Nigeria’s Oil Production Inches Up, But Challenges Remain

Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.

Peter Obi Meets Atiku, Saraki, Lamido to Discuss Nigeria’s Future

Peter Obi convenes with top PDP figures to deliberate on strategies aimed at tackling Nigeria's pressing issues and loosening the APC's hold on power.

Commercial Disputes Hinder Launch of MVNOs in Nigeria

Commercial disputes between MVNOs and MNOs stall the rollout of new telephony services across 31 states in Nigeria, risking broadband targets.

Nigeria, China Collaborate to Boost Trade and Agricultural Exports

Nigeria and China are collaborating to bridge the trade gap and enhance agricultural exports, signaling new opportunities for economic growth and development in both countries.

Nigeria’s Central Bank Doubles Down on Inflation Fight

Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Nigeria’s Immunity Clause: Shield for Governance or Cover for Impunity?

Recent incidents highlight how Nigeria's immunity clause might be shielding officials from accountability rather than just distractions.

Businesses brace as Telcos’ Financial Strain Imperils Network Quality

Telecommunication companies face a mounting financial squeeze, casting a shadow over the reliability of...

IMF Urges Nigeria to End Electricity Subsidies

The IMF warns Nigeria against unsustainable fuel and electricity subsidies, highlighting the need for fiscal discipline to tackle the nation's economic challenges.

Oil Production Boosts Planned for Akwa Ibom State

Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.

President Tinubu, Chinese Firms Launch $200M Lithium Facility

President Tinubu inaugurates Nigeria's largest lithium processing plant in Nasarawa, signaling a major leap in renewable energy investments and sustainable mining practices.

Court Orders Suspension of Pro-Wike Speaker and Legislators in Rivers Drama

The Rivers State High Court has issued a directive for the suspension of Martin...

Over 107 Million Nigerians Now Enrolled in National ID Database

The National Identity Management Commission (NIMC) in Nigeria is making significant strides in its National Identity Number (NIN) enrollment drive. As of May 2024, over 107.3 million Nigerians have been captured in the national identity database. The NIMC is also working to expand capacity to enroll 250 million Nigerians and introducing a new multifunctional National ID Card that offers a variety of functionalities beyond just identification, including financial transactions, access to government services, and travel identification. 

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Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.

Lionel Messi plays final Argentina match tonight against Benin after 21 years, 207 caps and 125 goals

Lionel Messi will play his final match for Argentina on Tuesday in a friendly against Benin at Buenos Aires' Estadio Monumental, ending a 21-year international career.