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Production Sharing Contract And Nigeria’s Pursuit Of Increased Crude Oil Production
Just about this time last year, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced an ambitious programme to increase Nigeria’s crude oil output by one million barrels per day, over a 12 to 24-month period. When the Commission’s Chief Executive, Engr Gbenga Komolafe, made this proclamation, those acquainted with the country’s oil and gas industry travails viewed it as another aspirational pronouncement aimed at maintaining public relevance, seemingly unattainable. However, those knowledgeable about Nigeria’s hydrocarbon potential recognised that achieving and even surpassing, that production level primarily required removing cumbrous entry barriers, accelerating production via bid rounds and rigorously enforcing operational
Rising Deprivation Amid Huge FAAC Allocation, Increased IGR
Despite the increase in FAAC allocation and steady rise in IGR, poverty is still endemic across subnational governments. ABDULWAHAB ISA reports The present government effected drastic changes in fiscal and monetary policies in 2023. With it, Nigeria embarked on bold macroeconomic reforms aimed at restoring stability and growth. It has been steady flow of resources for every tire of government. Reform components Key measures of 2023 reforms introduced by the government, include full removal of the gasoline subsidy, unification of the exchange rate market, and a shift to market-reflective pricing—steps that have reduced fiscal distortions and improved external balances.
Trump And United States’ Universal Protection Of Freedoms
The United States’ designation of Nigeria as a “Country of Particular Concern (CPC)” did not come as a surprise because in President Donald Trump’s first term administration, the same treatment was meted to Nigeria. But President Trump lost his reelection bid to President Joe Biden whereupon that diplomatic tag was staved off Nigeria after President Muhammadu Buhari met President Biden and promised improved protection of religious freedom and security to every Nigerian in the practice of their faiths. But why should a sovereign state attack another with a diplomatic tag of CPC whose treatment is in no way or nowhere
CIPM Honours Akinnukawe With Fellowship Award
The Chartered Institute of Personnel Management of Nigeria (CIPM) has conferred the prestigious Fellowship Award on Esther Akinnukawe, the Chief Human Resources Officer (CHRO) of MTN Nigeria, in recognition of her outstanding contributions to human resource management over the past 30 years. Akinnukawe was among 73 distinguished professionals honoured at the CIPM Gala Night and Awards Ceremony held in Abuja recently. The event concluded the Institute’s 57th International Conference and Exhibition and had in attendance the Head of the Civil Service of the Federation, Didi Walson-Jack, who represented President Bola Tinubu. Expressing her delight at the recognition, Akinnukawe said the
JustMarkets Builds Ultra-Fast Trading App For Nigeria’s Mobile-First Traders
As smartphone becomes trading floor in Nigeria’s fast-moving digital economy, JustMarkets is turbocharging the portfolios of Nigeria’s on-the-go traders with the launch of its upgraded mobile app. Designed for the smartphonecentric reality of Nigeria’s digital economy, this new platform delivers the non-negotiable trifecta: ultra-fast execution, minimal slippage, and a seamless experience that holds up even under unpredictable network conditions. Recognising that a smartphone is the primary trading floor for many, the app is engineered to perform reliably, ensuring stable and efficient trades are placed in milliseconds when every second impacts profit. The enhanced infrastructure guarantees precision, while a streamlined interface
Business
Industry Leaders Mull Policies Against Digital Apartheid
Industry leaders across Nigeria’s telecommunications and financial technology sectors have issued a warning, stating that the region must urgently implement collaborative policies to stave off a looming “digital apartheid” that threatens to exclude millions and
Politics Read Latest Political News
...I'll not meet protesters, but meet real residents of circular road corridor, Makinde Former President, Chief Olusegun Obasanjo, has commended Governor Seyi Makinde of Oyo state for making Ibadan liveable
The National Assembly Election Petition Tribunal sitting in Ibadan, Oyo State, has struck out the petition filed by the Social Democratic Party (SDP) challenging the victory of the All Progressives
The People's Democratic Party (PDP) has said over eight high commissioners have indicated interest in attending its National Convention in Ibadan, Oyo State, this weekend. The party, in a statement
Nigeria's Former Vice President, Atiku Abubakar has commended the Adamawa State Chairman of the African Democratic Congress (ADC), Shehu Yohanna, for reaffirming his commitment to the party and its democratic
The People's Democratic Party (PDP) has said it has not postponed its elective National Convention scheduled this weekend in Ibadan, Oyo State. New Telegraph had earlier reported that two courts
The demand for the resignation of the Chairman of the All Progressives Congress (APC), Cross River State chapter, Barr. Alphonsus Eba has taken a new turn as party faithful on
CHUKWU DAVID reports on how the leadership pf the Senate reacted to United States redesignation of Nigeria as a Country of Particular Concern (CPC) over alleged genocide against Christians and
Last Saturday’s gubernatorial election in Anambra saw the All Progressives Grand Alliance (APGA) retain its hold on the state. OKEY MADUFORO reports on Governor Charles Soludo’s journey to victory The
Former Ekiti State Governor Ayo Fayose has said that the Peoples Democratic Party (PDP) is in deep crisis, describing the opposition party as “decaying from the head.” Fayose made the
The Cross River State Chairman of the All Progressives Congress (APC), Barr. Alphonsus Eba has given reasons why the party is withholding salaries of seventeen chapter Chairmen in the state.
The Adamawa State chapter of the All Progressives Congress (APC) on Tuesday formally received former chairman of the Peoples Democratic Party (PDP), Chief Joel Madaki, who defected to the ruling
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Pius Ukeyima Akutah, has called on the people of Benue State to sustain their support for
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Metro and Crime
Police Secure Conviction In $1m International Oil Fraud Case
The Nigeria Police Force (NPF) has secured the conviction of David Udensik, also known as Dr. Jacob Bello, over his involvement in an elaborate $1 million international oil fraud scheme that targeted a United States
Galatasaray Chiefs Hints At Lookman’s Signing
Galatasaray’s General Secretary, Eray Yazgan, on Wednesday hinted at the possibility of adding Ademola Lookman to their squad in the upcoming transfer window. The Turkish giants had previously made an
P Tee Money, Daddy Showkey Shine At African British Celebrity Awards 2025
The royal DJ known as “The African Drake” stuns fans again — from groundbreaking AI Afrobeat visuals to a legacy rooted in royal and Jewish ancestry. London glittered brighter than
Tacha Reacts After Securing Double GWR
Former Big Brother Naija (BBNaija) reality star and beauty influencer, Natasha Akide, better known as Symply Tacha, has expressed gratitude after Guinness World Records (GWR) confirmed that she broke two
Dagrin Influenced My Singing Career – Olamide
Renowned Nigerian rapper and YBNL Boss, Olamide Adedeji, known mononymously as Olamide, has disclosed the impact that late Indigenous rapper Dagrin played in his career. Speaking about Dagrin’s impact in
Nigeria’s Medal Hits 14 In Ongoing Islamic Games
Nigeria's athletes have continued their impressive performance at the ongoing Islamic Solidarity Games in Riyadh, increasing the country's total medal count to 14 after another successful show in weightlifting. On Tuesday, Sarah
TASFUED Duo Clinch Institution’s First Ever NUGA Athletics Gold
Tai Solarin Federal University of Education (TASFUED), Ijagun, has celebrated a historic double at the 2025 National Universities Games Association (NUGA) in Jos, Plateau State, on Tuesday, as Rebecca Soneye
Sports
Corruption Has To Stop In Nigerian Football – Mikel Obi
Former Super Eagles captain, John Mikel Obi, has condemned the corruption plaguing Nigerian football, insisting that it must be completely eradicated if the game is to move forward. Speaking on his ObiOne podcast in a
