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Year: 2026

NNPC Limited declares N2.89 trn Q1 payment to Federation Account

Posts decreasing sales volumes during high price cycle Frank Okon The Nigerian National Petroleum Company (NNPC) Limited remitted N2.89 trillion into the federation account in the first quarter of 2026, underlining its continued role as the backbone of government revenue…

Business Commerce and Industry Economy Energy Environment Investments

NUPRC: Nigeria’s energy policy goals align with decarbonization

Gas agenda to generate 3 GW of power, support fuel diversification Frank Okon Nigeria’s oil and gas industry may be entering a new phase of growth, as sweeping reforms, rising investor interest, and a stronger push toward energy transition begin…

Trust on Trial: INEC and the future of Nigeria’s elections

By Ebuka Ukoh Democracies do not run on assurances. They run on trust. And trust, once weakened, demands more than denials to fix. The allegation that the Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan, operated a Twitter…

Pipelines, Power, and Positioning: What Nigeria’s OB3 project reveals about Africa’s energy future

[Sola Adebawo] When a pipeline crosses a river, it is often described as an engineering milestone. In Nigeria, the completion of the River Niger crossing of the OB3 gas pipeline (executed roughly two kilometres beneath the riverbed using horizontal directional…

Project Freedom: Oil prices surge, equity markets sink on Hormuz clashes

Frank Okon The confrontation between United States and Iran over the control of the Strait of Hormuz rattled the global commodity and equity markets on Monday when Iran claimed it hit a US warship, raising fears that bombs would soon…

From Epic Fury to Project Freedom: U.S. pushes back Iran in the Strait of Hormuz

Full Story: Oracle reporters, with agency reports A fragile calm in the Strait of Hormuz gave way to renewed confrontation this week as U.S. forces engaged and repelled a wave of Iranian attacks, marking a sharp escalation around one of…

Ojulari finally finds operating partners for Nigeria’s refineries

Plans integrated refining and petrochemical hubs Ziggy Ojiegbe The Nigerian National Petroleum Company (NNPC) Limited has moved to clarify its strategy for reviving the country’s long-idle refining assets, announcing new arrangements aimed at rehabilitating and restarting key plants after months…

Business Conflicts and Wars International Business Maritime

Shipping: MSC charts new route to bypass Strait of Hormuz

Frank Okon Global shipping is adjusting to rising instability in the Middle East, with Mediterranean Shipping Company (MSC) announcing a new Europe–Red Sea–Middle East express service aimed at keeping cargo moving while bypassing one of the world’s most volatile maritime…

Conflicts and Wars Defence International News Maritime Security

US forces move to reopen Strait of Hormuz, Iran fires at ships, UAE

Ziggy Ojiegbe The United States military said Monday it engaged Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz, a vital artery for global energy shipments, amid renewed tensions with Tehran. The operation…

The Alternative Bank drives skills-based autism care, funding and education reform

Frank Okon Stakeholders at a policy dialogue convened by The Alternative Bank have called for a major shift in Nigeria’s approach to autism care, urging a move away from an exclusive focus on traditional academic learning toward vocational training, talent…