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Nigeria Aims for 2.5mbpd Oil Output by 2026

24.08.2025
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has declared that the country is firmly on course to ramp up crude oil output to 2.5 million barrels per day by 2026, following its strategy to unlock deepwater potentials, revive dormant fields, and accelerate approvals for new projects. It also announced the completion of...
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NNPC Profit Plunges 79% to N185bn in July

24.08.2025
The Nigerian National Petroleum Company Limited has recorded a substantial decline in its profit after tax, dropping from N905bn in June to N185bn in July. This represents a staggering 79.6% decrease in profit. The company, in its monthly report released late on Thursday, said it recorded N4.41tn in July, down from N4.57tn in the previous...
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NNPC, Others Ink Gas Supply Deals with NLNG

24.08.2025
The Nigerian National Petroleum Company Limited and five other upstream gas suppliers have signed long-term Gas Supply Agreements with the Nigeria Liquefied Natural Gas Limited for the delivery of 1.29 billion standard cubic feet of feedgas daily. According to separate statements on Friday by NLNG and NNPC, the long-term agreements, with options for extension, were...
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Pension Managers Eye Broader Investments for N24tn Fund

23.08.2025
Players in the Nigerian pension industry have called for regulatory guidelines that would enable them to invest in export-orientated businesses, toll roads, real estate and high-growth unlisted companies so as to boost returns. According to a Bloomberg report on Thursday, this call comes as high inflation and currency depreciation erode value for the contributors to...
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Nigeria’s Cash Transfer Reaches Only 36% of Households

23.08.2025
Since October 2023, only 36 per cent of targeted households have benefited from the conditional cash transfer programme launched by the Federal Government to cushion economic hardship for vulnerable Nigerians. According to the latest mid-year report published by PwC, most of the beneficiaries have received the cash transfer once since 2023. The programme was relaunched...
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UN Climate Expo Calls for Urgent Adaptation Financing

23.08.2025
The United Nations, at the 2025 annual climate adaptation event in Lusaka, Zambia, has made an urgent call for scaled-up investment to save lives, lift living standards and boost economic growth. NAP Expo 2025 focused on strengthening countries’ capacity to advance National Adaptation Plans ahead of COP30 in Brazil and closing the financing gaps that...
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AGOA Trade Pact Still Active, Nigerian Exporters Reassured

23.08.2025
The Nigerian-American Chamber of Commerce has reassured Nigerian exporters that the African Growth and Opportunity Act remains in force despite uncertainty over its expiration timeline. Chairman of the Trade and Investment Committee of the NACC, Grace Adeyemo, explained that the scheme, which grants duty-free access to over 6,800 products from Sub-Saharan Africa into the United...
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NIA Chairman to Address Insurance Tech Conference 2025

23.08.2025
The Chairman of the Nigerian Insurers Association, Kunle Ahmed, is set to speak at the upcoming Insurance Meets Tech. In a statement on Thursday, it was disclosed that the NIA chairman will be a Guest of Honour at West Africa’s leading platform for converging insurance and technology innovations, colloquium, and discourse on policy environment and...
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FrieslandCampina’s Mother’s Day Campaign Celebrates Family P

23.08.2025
FrieslandCampina WAMCO Nigeria PLC has spotlighted mothers as the structural and emotional pillars of households, as it launched the 2025 edition of its flagship Mum of the Year campaign under its Three Crowns Milk brand. According to a statement, the annual initiative celebrates Nigerian mothers’ resilience and devotion to their families while promoting healthy nutrition....
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Lord’s Achievers Awards 2025: Recognizing Young Nigerian Lea

23.08.2025
Makers of Lord’s London Dry Gin, Nigeria Distilleries Limited, have announced their plans to recognise youths in different fields of business and social impact. The firm said the Lord’s Achievers Awards will return this year for its seventh edition with an expanded jury process and new categories. Marketing Manager of Nigeria Distilleries Limited, Oluwagbemileke Lawal,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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