Shaka Braimah

Tinubu nominates Bernard Doro as minister

President Bola Tinubu has nominated Dr Bernard Doro from Plateau State as a Minister of the Federal Republic of Nigeria, forwarding his name to the Senate for confirmation. Doro’s nomination comes after the elevation of Prof. Nentawe Goshwe Yilwatda, the former Minister of Humanitarian Affairs and Poverty Reduction, who was elected National Chairman of the…

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Three Northern states announce joint electricity market, acquire equity in KEDCO.

Three northern Nigerian states, Kano, Katsina, and Jigawa, have announced a partnership to form a tri-state electricity market. This comes as the states teamed up to acquire equity stakes in the Kano Electricity Distribution Company (KEDCO), which has Future Energies Africa as its core investor. This was disclosed in a statement by the spokesperson of…

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FCMB Partners NCDMB, BoI to disburse ₦15 billion loan to local contractors in the oil and gas sector

First City Monument Bank (FCMB) has been selected as one of the Participating Financial Institutions (PFIs) for the implementation of the Community Contractors Finance Scheme, an initiative of the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Bank of Industry Limited (BoI). The scheme is designed to bridge the funding and skills…

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Nigeria secures $8bn energy investments

Nigeria’s ongoing economic reforms have attracted over $8 billion in new investments into the energy sector, reflecting growing international confidence in the country’s reform-driven growth agenda. Ministry of Finance disclosed this in a statement on Saturday on the happenings at the ongoing IMF/World Bank meetings in Washington DC. According to the statement, Governor of the…

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FG extends NNPCL probe to Dec 2024

The Federal Government, through the Federal Accounts Allocation Committee, has extended the ongoing probe and reconciliation of payments made by revenue-generating agencies, including the Nigerian National Petroleum Company Limited, to December 2024, following unresolved discrepancies in remittances. This comes as the company has submitted its response on an alleged revenue under remittance of $42.37bn, an…

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FG projects 600,000-barrel daily crude increase from fresh investment

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has projected an increase of approximately 600,000 barrels per day in Nigeria’s crude oil production, driven by a surge in new investments in the upstream sector. It stated that the additional output would come from the 28 Field Development Plans approved so far in 2025,…

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Chevron Nigeria Limited Hosts NNPCL EVP, Reaffirms Commitment to Nigeria’s Energy Future

October 17, 2025085 The EVP NNPCL, and Chevron leadership team members in a group photograph at Escravos Chevron Nigeria Limited (CNL), on Tuesday October 14, 2025, welcomed the Executive Vice President (EVP) Upstream, of the Nigerian National Petroleum Company Limited, Udobong Ntia to its Escravos operations base for an official visit that underscored the strategic…

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