President Bola Tinubu is expected to commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, 2025. It is the first new crude export facility to be built in Nigeria in more than 50 years. The Executive Director of Legal and Corporate Services of Green Energy International Limited, GEIL,…
The Federal Government has said the Dangote Group will redeploy staff earlier disengaged from its refinery operations, following the resolution of its dispute with the Petroleum and Natural Gas Senior Staff Association of Nigeria. The FG also announced that the redeployed staff will not suffer any loss of pay due to the redeployment. The Minister…
The Nigerian Independent System Operator (NISO) has stated that electricity generation on the National Grid has dropped to 3,200 megawatts (MW) due to the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). A statement by NISO said the disruptions by PENGASSAN triggered widespread gas shortages, reducing available generation from…
Oil and gas workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have embarked on an industrial action on Monday, as directed by the union earlier on Sunday. PENGASSAN had on Sunday directed a nationwide strike, instructing all its members in various offices, companies, institutions, and agencies to…
President Bola Ahmed Tinubu has approved new regulations making the submission of academic thesis or project reports a mandatory requirement for mobilisation into the National Youth Service Corps (NYSC). The directive, which takes effect from October 6, 2025, was conveyed through an enforcement circular signed by the Secretary to the Government of the Federation (SGF),…
Nigeria’s external reserves have surpassed the $42 billion mark, rising to $42.225 billion as of Thursday, September 25, 2025, the highest in over six years. According to the latest data from the Central Bank of Nigeria (CBN), the country’s external reserve has increased by over $692 million in 18 days. It also shows that the…
Nigeria’s foremost entrepreneur, Femi Otedola, has appealed to President Bola Tinubu to release the full report by the Aigboje Aig-Imoukhuede panel carried out under the Goodluck Jonathan administration on the controversial fuel subsidy regime. In a statement yesterday, Otedola insisted that Nigerians deserve to know the truth about those who looted public funds under the…
The World Bank is set to approve two loans totalling $750m for Nigeria on Tuesday, September 30, 2025, according to documents published on the bank’s official website. The funding is directed toward strengthening health security and expanding climate-resilient digital infrastructure. The package includes $500m for the Building Resilient Digital Infrastructure for Growth in Nigeria (BRIDGE)…
Dangote Petroleum Refinery has warned that the recent directive issued by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to cut crude oil and gas supplies to the refinery could plunge Nigerians into fresh rounds of fuel scarcity while inflicting huge revenue losses on the government. In a statement released on Saturday,…
The Nigerian Naira has been ranked as the ninth weakest currency in Africa, according to a Forbes currency calculator report for September 2025. The Naira’s value has been under pressure, with an exchange rate of approximately ₦1,490 per $1. Despite this ranking, Nigeria’s inflation rate has shown significant improvement in 2025, with a rare disinflationary…