FG resolves OPL 245 dispute with Eni, AGF says deal will strengthen Nigeria’s economy
The federal government says the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245 will strengthen Nigeria’s fiscal position and reposition the country’s economy. Lateef Fagbemi, attorney-general of…
Tinubu resolves OPL 245 dispute, paving way for 150,000 BPD deepwater project
President Bola Tinubu has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245, describing it as a historic milestone that unlocks significant deepwater investment and…
Tax reforms will ease burden on Nigerians, says Shettima
Vice President Kashim Shettima has assured Nigerians that the Federal Government’s proposed tax reforms are designed to improve livelihoods and reduce poverty, not worsen economic hardship. Speaking on behalf of…
PENGASSAN shuts down Shell office in Lagos over pay dispute
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday staged a protest that halted operations at the Broad Street office of Shell Nigeria Exploration and Production…
Oil climbs above $72 amid escalating middle east tensions
Global crude oil prices surged on Friday, with Brent rising above $72 per barrel for the first time since July 31, 2025, amid escalating geopolitical tensions in the Middle East.…
Tinubu applauds Lebara Nigeria’s entry, says telecom sector driving growth
President Bola Tinubu has welcomed the official launch of Lebara Nigeria, describing it as a strong vote of confidence in Nigeria’s digital economy and its potential as a leading technology…
Gas constraints disrupt national grid, trigger massive load shedding
Nigeria’s power generation has dropped to an average of 4,300 megawatts (MW) due to inadequate gas supply to thermal power plants, the Nigerian Independent System Operator (NISO) has announced. In…
Tinubu extends ban on raw shea nut export by one year
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, reinforcing his administration’s push for local processing and value addition in the…
Anambra shuts Nnewi market for one week over sit-at-home
The Anambra State Government has ordered the temporary closure of the New Auto Spare Parts Association (NASPA) Market at Nkwo Nnewi over continued compliance with the Monday sit-at-home directive in…
Budget Office defends executive order 9, says it upholds constitutional revenue rules
The Federal Government has defended Executive Order 9 (EO9), dismissing claims that it amounts to executive lawmaking, and insisting that the directive merely enforces existing constitutional provisions on the custody…