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Stakeholders Rally on AI, Investments to Unlock 37bn Barrels, 200tcf Oil & Gas Potential

  Nigeria’s oil and gas sector is poised for a transformative boom, with regulators, national operators, and industry leaders uniting at the 26th Oloibiri Lecture Series and Energy Forum (OLEF 2026) to harness AI, digital innovation, and targeted investments totaling over $34 billion.   Hosted by the Society of Petroleum Engineers (SPE) Nigeria Council in […]

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19 Ships Discharging Petroleum Products, Commodities in Lagos

  The Nigerian Ports Authority (NPA) says 19 ships are currently discharging petroleum products and other commodities at Lagos ports.   The NPA disclosed this in its daily publication, Shipping Position, made available to newsmen on Saturday in Lagos.   It stated that the vessels were discharging at Apapa, Lekki and Tin-Can Island ports.   […]

Article Breaking business Foreign News Mining Mining Politics

NNPC Remits ₦1.8 Trillion To Federation Account In February, Revenue Rises To ₦2.68 Trillion

    The Nigerian National Petroleum Company Limited (NNPC Ltd) has remitted a total of ₦1.804 trillion to the Federation Account for February 2026, marking a significant increase from the ₦726 billion recorded in January.   According to its latest Monthly Report Summary for February 2026, the surge reflects improved revenue generation and stricter remittance […]

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AfDB Grants $200m Digital Backbone Facility to Nigeria 

  The African Development Bank Group (AfDB) has approved a $200 million loan to support Nigeria’s digital infrastructure expansion and job creation efforts.   This is contained in a statement released on the Bank’s website on.   The bank said that the loan would fund the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE) Project, […]

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Nigeria is Industrially Unprepared for Lithium Boom, Says Timadix MD

  Nigeria’s ambition to position mining as a key driver of economic diversification faces significant structural and policy challenges, according to Engr. Tim Eldon, Managing Director of Timadix Geomin Consult Nig. Limited.   While acknowledging the country’s strong mineral potential, Eldon warned that industrial readiness remains a major constraint, particularly in the fast-growing lithium market. […]

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Indian Envoy Backs AIG’s $600m Mining Investment

  The Indian High Commissioner to Nigeria, Abhishek Singh, has pledged to deepen trade ties between India and Nigeria during his diplomatic tenure.   Singh made this known during a visit to African Natural Resources and Mines Limited (ANRML), a subsidiary of African Industries Group (AIG), located in Gujeni Village, Kagarko LGA of Kaduna State. […]

News

ADC Holds State Congresses in Ogun, Abia as Leadership Rift Deepens in Ogun

The African Democratic Congress (ADC) on Saturday conducted state congresses in Ogun and Abia, electing new executives as part of its build-up to the 2027 general elections, with the exercise in Ogun overshadowed by a deepening leadership crisis. In Ogun State, rival factions organised separate congresses, each asserting legitimacy despite both pledging loyalty to the […]

News

Delta CP Visits Sapele Over Council Chairman’s Abduction, Orders Rescue 

The Commissioner of Police in Delta State, Yemi Oyeniyi, on Saturday visited Sapele following the abduction of the Chairman of Sapele Local Government Area, Bright Abeke, by unidentified gunmen, as security agencies intensified efforts to secure his release. Police spokesperson in the state, Bright Edafe, confirmed that the police chief carried out an on-the-spot assessment […]

Educational News

UNICAL Confers Doctorate Degree in Law on Deputy Speaker Benjamin Kalu

By 𝔸bdulrazak Tomiwa     The University of Calabar recently conferred a Doctorate Degree in Law upon the Deputy Speaker of the House of Representatives, Benjamin Kalu.   This honor was presented during the institution’s 38th convocation ceremony in recognition of his academic persistence.   Beyond the honorary nature of the event, the university specifically […]