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NNPCL’s early retirement scheme draws over 70% staff to exit door
Early retirement scheme introduced by the Nigerian National Petroleum Company Limited (NNPCL) has now seen an unexpected wave of acceptance, as over 70 per cent of the company’s staff have applied for retirement. The retirement initiative, structured under the Accelerated Exit…
World Bank lists Nigeria’s ports among top 20 globally
World Bank has listed sea ports in Nigeria among the 20 most improved facilities globally The bank disclosed this in its 2025 Container Port Performance Index, released June 2026. According to the data, Nigeria’s ports, Tincan Island and Apapa, maintained number…
PIC-FUEL: Nigeria’s decarbonization quest ignores homemade solutions
Sopuruchi Onwuka Nigeria’s search for solutions in sharpening a national climate agendum that targets decarbonization appears focused on blaming developed nations for failing to evolve ways of cleaning up petroleum energy for continued usage. And the country’s insistence that the…
NCDMB’s oil and gas park to become operational Q4 2026
Fred Ojigebe Industrial operations and sundry manufacturing activities will go live in fourth quarter of the year at the Emeyal-1 Oil and Gas Park conceived and developed by the Nigerian Content Development and Monitoring Board (NCDMB). The infrastructure and facility…
Falcon marks 32 years of impact in Nigeria’s gas sector
Ziggy Ojiegbe Falcon Corporation Limited, one of Nigeria’s longest-serving indigenous gas and energy infrastructure companies, is marking 32 years of uninterrupted operations, a milestone the company says reflects not only its resilience but also its readiness for a new phase…
NOG 2026: Audrey Joe-Ezigbo to lead debate on Building Competitive Gas Hubs
Chief Executive Officer of Falcon Corporation, Audrey Joe-Ezigbo, is set to join leading energy executives and policymakers at the 25th anniversary edition of NOG Energy Week 2026, where she will contribute to discussions on the future of Africa’s gas economy…
ExxonMobil’s gas project portends over 4% rise in Mozambique’s economy __ Standard Bank
Ziggy Ojiegbe Mozambique’s ambition to become one of the world’s leading liquefied natural gas (LNG) exporters appears to be moving closer to reality, with Standard Bank projecting that the ExxonMobil-led Rovuma LNG project could add more than four percentage points…
UK, Nigeria launch £15m investment, economic growth program
Frank Okon The United Kingdom and Nigeria have launched a new £15 million Growth Programme aimed at unlocking private investment, accelerating economic transformation and supporting Nigeria’s transition to sustained, reform-led growth. The initiative was announced by Baroness Jenny Chapman at…
VAT receipts rise by 17% to hit N2.42trn in Q1 2026, as households, manufacturing, entertainment lead growth
Nigeria’s Value Added Tax (VAT) receipts grew to N2.42 trillion in the first quarter (Q1) of 2026, representing a 17.06 per cent increase from the N2.07 trillion generated in the corresponding period of 2025. This is also as overall VAT collections…
CBN draft proposal for HoldCos seeks 20% capital buffer, restrictions on subsidiaries’ offshore operations, shared services
Central Bank of Nigeria (CBN) has moved to revise guidelines on operations and structure of financial holding companies (FHCs) in its just published exposure draft on guidelines for the licensing and regulation of operators in Nigeria, introducing a mandatory 20 per…
