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Time for African to achieve technical capability is now __NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Felix Ogbe, has called on African oil-producing nations to leverage the continent’s vast hydrocarbon resources to build indigenous technical capabilities for exploration, field development and production activities. Ogbe…
FG to prioritise improved gas delivery to local consumers, targets sustained investment, others
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has disclosed that the Federal Government is ramping up efforts to transform the country’s vast natural gas reserves into a powerful engine for industrial growth. This is also as the minister stated…
Broadcasters back hybrid digital model for Nigeria’s DSO programme
Industry stakeholders have backed the adoption of a hybrid digital broadcasting model that combines Digital Terrestrial Television (DTT), Direct-to-Home (DTH) satellite services, and digital application-based platforms for the soon-to-be launched Digital Switch Over (DSO) programme by Nigeria. This is part of…
NCC kicks-off telecoms pricing review with consultancy firm
Industry regulator, the Nigerian Communications Commission (NCC), working with consultancy firm KPMG, has begun a major review of the country’s telecommunications interconnection pricing system, marking the first comprehensive reassessment in nearly a decade. According to NCC, the exercise focuses on Mobile…
Strait of Hormuz to reopen by Friday, as oil prices drop to 3-month low over U.S, Iran peace deal
Following announcement by the United States President, Donald Trump, last weekend, that a deal to end the near-four month war with Iran is ‘all signed,’ crude oil prices took a huge tumble to as low as below the $80 mark. This…
Nigeria’s headline inflation maintains three-month rise, hits 15.93% in May
National Bureau of Statistics (NBS) has disclosed in its just-released Consumer Price Index (CPI) report that Nigeria’s headline inflation rate jumped to 15.93 per cent in May 2026. NBS’ CPI data, released, Monday, showed that the increase was to 140.7…
FG moves to stabilise domestic LPG market, directs producers to prioritise local consumption
Federal Government has moved to address the scarcity and consequent high prices of the liquefied petroleum gas (LPG) commodity, also known as cooking gas, across the country, as it has directed producers to prioritise supply to local consumers in the…
Store payment transaction data on local servers, CBN directs banks, fintechs, others
Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs), fintechs, and other payment service providers, operating in the country to begin storing their payment transaction data generated within the country on local servers, effective January 1, 2027. CBN…
FG, states, LGs share N2.3trn for April revenue allocation, amid excise duty tax decline
Federation Account Allocation Committee (FAAC) has shared a total of N2.257 trillion as revenue for April 2026 among the Federal Government, States, and Local Government (LGs). This is also as Nigeria’s receipts from excise duty declined, while company income taxes and…
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…
