• March 16, 2026
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‘Probe Alleged ₦5.9 Billion Spent On Rebranding NNPC’, SERAP Tells Tinubu

‘Probe Alleged ₦5.9 Billion Spent On Rebranding NNPC’, SERAP Tells

March 16, 2026

 PROBE: The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to urgently direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly investigate the alleged expenditure of about ₦5.9 billion reportedly spent on the rebranding of the Nigerian National Petroleum Corporation […]Read More

President Tinubu Establishes Task Force On Presidential Petroleum Reform, Value Optimisation

President Tinubu Establishes Task Force On Presidential Petroleum Reform, Value

March 15, 2026

March 13, 2026 President Bola Ahmed Tinubu, GCFR, has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder and chairman of the Fate Foundation, is the Task Force’s […]Read More

NUPRC Says Era of dormant licenses is over

NUPRC Says Era of dormant licenses is over

March 14, 2026

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the era of companies holding on to their prospecting licenses without developing their assets is now officially over. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, stated this when she received the management of the Petroleum Directorate of Sierra-Leone at the Commission’s headquarters in Abuja recently. Eyesan said […]Read More

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas

March 13, 2026

March 13, 2026 The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil and gas output, while the now-offline barrels account for about 10% of the supermajor’s upstream cash flow. Following requests from shareholders and to answer the question about the status of TotalEnergies’ exposure to Middle East, the France-based […]Read More

Bank of America: Sell Oil Above $100

March 13, 2026

Mar 13, 2026 Bank of America is warning investors not to chase oil prices higher if crude climbs above $100 per barrel, arguing that prices at those levels tend to trigger government and central bank responses aimed at cooling the economy. The bank said oil has already been one of the biggest market movers this […]Read More

Federal Government Lauds UNDP, Seeks Closer Collaboration For Development

Federal Government Lauds UNDP, Seeks Closer Collaboration For Development

March 13, 2026

March 12, 2026 The Federal Government on Thursday commended the United Nations Development Programme (UNDP) for its years of support through developmental programmes, affirming that government will continue to leverage on UNDP’s support and expertise to accelerate her various reform programmes. The Chief of Staff to the President, Hon. Femi Gbajabiamila gave the commendation at […]Read More

NERC Issues Regulation and Authorization Order for Grid-Connected Private Transmission Sub-Stations

NERC Issues Regulation and Authorization Order for Grid-Connected Private Transmission

March 12, 2026

The Nigerian Electricity Regulatory Commission (NERC) has issued an order on the Registration and Authorisation of Grid-Connected Private Transmission Substations in the Nigerian Electricity Supply Industry (“NESI”) owned by bulk electricity consumers, to enhance grid reliability, stability, operational efficiency, and ensure compliance with the provisions of the Grid Code. The NERC website states that the […]Read More

President Tinubu nominate Lamido Abubakar Yuguda as CBN Governor

President Tinubu nominate Lamido Abubakar Yuguda as CBN Governor

March 12, 2026

March 12, 2026 President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate. The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda’s nomination follows the recent appointment of the erstwhile […]Read More

EU Mulls Capping Gas Price as Energy Costs Spike on

March 11, 2026

March 11, 2026 The European Union (EU) is considering emergency relief measures in the wake of the energy price spike amid the Middle East war, including capping the price of natural gas, European Commission President Ursula von der Leyen said on Wednesday. The price spike in oil and gas prices during the ten days of […]Read More

Shell and TotalEnergies Issue Force Majeure After Qatar LNG Shut Down

Shell and TotalEnergies Issue Force Majeure After Qatar LNG Shut

March 11, 2026

March 11, 2026 Several major energy traders have begun declaring force majeure to their own customers after Qatar’s LNG shutdown rippled through global gas markets, according to Reuters sources on Wednesday. Companies including Shell and TotalEnergies–both major portfolio players that lift liquefied natural gas from QatarEnergy–have notified downstream buyers that contractual deliveries may be disrupted […]Read More

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