NMDPRA Accused of Undermining Local Refining as CSOs Seek Ban on Fuel Imports
ABUJA – A coalition of civil society organisations has accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of frustrating the growth of domestic refining and protecting entrenched interests in the fuel importation business, warning that the development poses…
General Hydrocarbons Wins at Supreme Court as Apex Court Orders Immediate Handover of FPSO Tamara Tokoni Crude Oil
Abuja, July 3, 2026 – The Supreme Court has handed General Hydrocarbons Limited (GHL) a landmark legal victory by ordering the immediate release of the crude oil aboard the FPSO Tamara Tokoni and overturning the judgment previously delivered by the…
FG Launches Free Business Registration for 250,000 Small Enterprises — CAC, SMEDAN Sign Landmark MoU in Abuja
In a bold move to accelerate the growth of small businesses and strengthen Nigeria’s entrepreneurial ecosystem, the Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have unveiled a free business registration scheme targeting…
Enugu Air Launch A Revolutionary Leap, Says Eze-Igwe Ezugwu; Urges South East Governors to Emulate Mbah’s Economic Blueprint
A prominent traditional ruler in Enugu State, His Royal Majesty, Eze-Igwe William Ezugwu, has lauded Governor Peter Mbah’s administration following the recent launch of Enugu Air, describing the initiative as a “revolutionary leap toward economic self-reliance and regional prosperity.” The…
CNPP Welcomes Removal of Mele Kyari, NNPCL Board Members, Hails President Tinubu, Reiterates Demand for Company’s Forensic Audit
Conference of Nigeria Political Parties (CNPP) has welcomed a move expected to be a significant development aimed at reforming Nigeria’s oil industry, commending President Bola Ahmed Tinubu for his decisive action in relieving Mele Kyari of his duties as the…
How Nigerian Electricity Consumers Paid ₦509bn in Four Months Despite Grid Collapses
In the face of recurring power outages, Nigerian electricity consumers contributed a substantial ₦509.84 billion to the revenue of power distribution companies (DisCos) in the fourth quarter of 2024. Despite enduring three total and two partial grid collapses during the…
Four Owerri-Ahoada Towers’ Collapse And Harsh Reality of Power Infrastructure Vandalism in Nigeria
In an all-too-familiar recurrence, the lifeline of Nigeria’s electricity transmission network has been dealt a catastrophic blow. Four transmission towers along the Owerri-Ahoada 132kV Double Circuit line collapsed on the evening of Tuesday, 11th March, following confirmed acts of vandalism….
Global Oil Price Surges as US Imposes Latest Sanctions on Russia
The global oil market witnessed a significant surge on Monday, with Brent crude rising above $81 per barrel, as the latest US sanctions on Russia’s oil industry took effect. This development comes after oil marketers in India and China scrambled…
General Hydrocarbons Limited Denies Owing First Bank of Nigeria $225 Million
In a recent statement, General Hydrocarbons Limited (GHL) has vehemently denied allegations of owing First Bank of Nigeria (FBN) $225 million. The statement, signed by Abdelmuizz Bello, Director of Strategy & Operations at GHL, provides a detailed breakdown of the…
Northern CSOs, Stakeholders, Reject Tax Reform Bills, Demand Relocation of All Bank Headquarters to Abuja
A town hall meeting convened by the Coalition of Northern Groups (CNG) Gombe State Chapter, in collaboration with Civil Society Organizations (CSOs) and critical stakeholders, has vehemently rejected the proposed Tax Reform Bills. The meeting, held at Gombe State University…
