FG to Pay N185bn Gas Debt to Improve Power Generation
President Tinubu approves N185bn payment to gas producers to restore supply, boost electricity generation, and rebuild investor confidence in Nigeria's power sector.
President Tinubu approves N185bn payment to gas producers to restore supply, boost electricity generation, and rebuild investor confidence in Nigeria's power sector.
TotalEnergies Nigeria's Obi Imemba calls for a strategic pivot in implementing Nigeria's local content law, advocating for maximizing net value retention over rigid percentage targets. Read his full proposal.
FCT Minister Nyesom Wike appoints retired director Mukhtar Galadima as Senior Special Assistant on development control and planning. Read about his 30-year experience and Wike's master plan enforcement.
FCSC Chairman Prof. Tunji Olaopa urges state commissions to adopt a new strategic plan for merit-based recruitment and digital transformation to build a $1 trillion economy.
The European Union has struck a landmark deal to end all imports of Russian gas by 2027. Get the full timeline and details on this major energy shift.
The European Union has agreed to ban all Russian gas imports by 2027, aiming to cut off funds for Moscow's war. Discover the timeline and implications for energy security.
NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Policy group CEAR praises NNPC's historic N5.4 trillion profit, crediting CEO Bayo Ojulari's leadership for resetting standards in Nigeria's oil and gas sector. Discover the details.
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Manufacturers Association of Nigeria warns proposed sugar-sweetened beverage tax increase could undermine local production, threaten jobs, and distort investments. Urge lawmakers to reconsider.
Russian President Putin demands Ukraine cede occupied territories for peace, threatening continued military action. US proposes new peace plan as conflict escalates. Read the latest developments.
Russia and Ukraine trade deadly attacks as US President Trump's peace proposal faces European resistance. Six killed in Kyiv, three in Rostov. Updated plan aims to uphold Ukrainian sovereignty.
President Bola Tinubu announces a plan to establish 1,000 active businesses in each of Nigeria's 8,809 wards to stimulate grassroots economic growth, job creation, and skills acquisition.
Adamawa State inaugurates the National Council on Livestock Development, a major step to boost Nigeria's economy, ensure food security, and reduce herder-farmer conflicts.
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
Russia announces the capture of three more villages in eastern Ukraine. The advance comes as international officials gather in Geneva to discuss a controversial US peace plan for ending the war.
US President Trump signals flexibility on Ukraine peace proposal as Geneva talks approach. Kyiv seeks changes to plan requiring territorial concessions and NATO restrictions. Read latest developments.
Tragic gas explosion in Ibadan's Biodun Alaadun area leaves three dead, including shop owner. Oyo State Fire Service confirms incident details and restoration of normalcy.
Marriage counsellor Shola Faphounda urges couples to adopt biblical principles to combat marital crises. Discover the key insights from a new book launch in Akure.
A tragic gas explosion in Ibadan's Bioku-Alaadun area has claimed multiple lives and damaged properties. Emergency services are on site. Learn more about the incident and crucial safety measures.
White House reveals 28-point peace proposal requiring Ukraine to cede territory to Russia and limit military size. Plan includes NATO restrictions and territorial recognition.
White House confirms Trump administration's peace proposal for Ukraine conflict, calling it beneficial for both sides despite concerns it favors Moscow. Read details.
Nigeria mourns the passing of Olusegun Awolowo, National Coordinator of Nigeria AfCFTA Coordination Office. Tributes pour in for the dedicated public servant who served three presidents. Learn about his legacy.
ExxonMobil resumes its Rovuma LNG project in Mozambique after a 4-year jihadist insurgency pause. Production expected by 2030, boosting regional economy.
Ukraine agrees to develop US-drafted peace plan with Russia. Proposal includes territorial concessions and military reductions. Zelensky to discuss with Trump.
Nigeria mourns Olusegun Awolowo, former NEPC executive director and grandson of Chief Obafemi Awolowo, who died at 62. Read about his legacy in Nigerian trade and public service.
PENGASSAN raises alarm as oil and gas retirees face hardship with stagnant pensions eroded by inflation. Union demands urgent review from PenCom and major oil companies.
Alles Charis Gas Limited commissions a 500-metric-tonne LPG facility in Ore, Ondo state, to deepen domestic gas penetration, improve supply security, and support Nigeria's clean energy transition. Discover the impact.
Vice President Shettima declares Nigeria ready for large-scale investments as Tinubu's reforms attract global investors. Advanced Energy Partners leads $30B consortium exploring oil, gas opportunities.