News & Updates

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed off on a Sales Purchase Agreement (SPA) by TotalEnergies Exploration and Production Nigeria Limited to assign its entire 12.5% contractor interest in Oil Mining Lease (OML) 118 to Shell Nigeria Exploration and Production Company (SNEPco) and Nigerian AgipExploration Limited (NAE). According to the details of the […]

Mastercard has deepened its strategic collaboration with Smile ID, a leading African identity verification provider, to accelerate the rollout of secure digital identity solutions across the continent. The partnership aims to strengthen fraud prevention, streamline customer onboarding, and expand access to financial services in Africa’s rapidly growing digital economy. Read also: Digital divide threatens Nigeria share […]

China on Wednesday led a group of countries in unveiling new climate commitments, promising to cut its greenhouse gas emissions by 7–10% from peak levels by 2035, while significantly expanding renewable energy capacity. Speaking via video link at a climate leaders’ summit hosted by UN Secretary-General António Guterres on Wednesday, President Xi Jinping said Beijing […]

Olorogun Oskar Ibru, businessman and chairman of the Ibru Organisation, has died at the age of 67. Though details of his death are still unclear, family sources confirmed he passed away on Wednesday after a short illness. Oskar Ibru was the first son of the late businessman, Olorogun Michael Ibru. He was from Agbarha-Otor in […]

Otedola supports Dangote Refinery against DAPPMAN and deepens the issues Femi Otedola has decisively stepped into the dispute between the Dangote Refinery and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), strongly endorsing the Dangote Refinery and calling on DAPPMAN to accept the new realities in the sector. His statement brought to light […]

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on Ministries, Departments and Agencies (MDAs) to clearly define and commit to their roles in steering Nigeria through the global shift from fossil fuels to renewable energy. Speaking at a roundtable in Abuja on Tuesday on the Long-Term Impact of Energy Transition on Nigeria’s Economy, Orji […]

…Says fund raising will end December, 2025 Oluremi Tinubu, Nigeria’s first lady, on Tuesday said the Oluremi Tinubu foundation funds for the construction of the National Library has received a total of N20.4b as at date. The First Lady disclosed this on Tuesday while briefing State House Journalists, at the banquet hall of the presidential […]

… Pledge support for Reserved Seats Bill The European Union (EU), United Kingdom (UK) and United Nations (UN) have thrown their weight behind key proposals in Nigeria’s ongoing constitutional amendment process, particularly the establishment of state police, greater autonomy for local governments, and reserved parliamentary seats for women. They pledged their support at the national […]

Nigeria’s Q2 2025 GDP figures, released by the National Bureau of Statistics (NBS), show that the economy is seeing strong traction in select infrastructure and services sectors despite broader structural challenges. The latest data reveals a robust performance, with the overall economy expanding by an impressive 4.23 percent in Q2 2025. According to data from […]

Abuja-based law firm Law Corridor has announced the appointment of Henry Kelechukwu Eni-Otu as its new managing partner. His election by the Partners Board and Advisory Board of the firm follows the end of Pelumi Olajengbesi’s tenure. Olajengbesi has returned to his role as Law Corridor’s Group Lead for Business Development and Policies. Until his […]