The House of Representatives has invited the Minister of Finance, Wale Edun and Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso to appear before it on Monday over alleged internal control weaknesses in the 2021 Auditor General’s reports and non-compliance with the provisions of Fiscal Responsibility Act, 2007. The House joint committee…
This is because the Nigerian Upstream Petroleum Regulatory Commission says it is set to implement the ‘drill or drop’ policy of the Federal government. The Chief Executive of the NUPRC, Gbenga Komolafe, made this known when he received a delegation from the Independent Petroleum Producers Group at the commission’s headquarters in Abuja. Komolafe emphasised that…
Nigeria has called for a global cooperation to disrupt financial support networks and counter terrorist travel among African sub-regions. Nigeria made the call in its statement at a meeting of senior diplomatic officials from the Small Group of the Global Coalition to Defeat ISIS/Daesh in Madrid, Spain. The text of the statement from the meeting,…
The Chartered Institute of Procurement and Supply (CIPS) has presented the Procurement Excellence Standard Certificate to Seplat Energy Plc, the foremost Nigerian independent energy company. The Global Chief Executive Officer, CIPS, Ben Farrell, made the presentation to Seplat Energy at the company’s office in Ikoyi – Lagos State on June 5th 2025. Farrell led a…
The Federal Government has mediated a resolution between Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), ending a prolonged dispute that had threatened industrial harmony within the oil and gas sector. A reliable source in Abuja confirmed that both parties reached a…
The Lagos State Electricity Regulatory Commission (LASERC) has formally issued Order No. LASERC ORDER/001/2025 establishing the regulatory framework for electricity market operations within Lagos State. This milestone Order marks the official conclusion of the transition period for the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission to LASERC, as stipulated in the Electricity…
The Federal Government on has announced that the Nigerian Civil Service will become fully paperless by December, 2025. Head of the Civil Service of the Federation, Dr. Didi Esther Walson-Jack, announced this at a briefing in Abuja to commemorate the 2025 African Public Service Day and Civil Service Week. Speaking at the event, Walson-Jack said…
-Pays N450 billion in Tax to FG President of the Dangote Group, Aliko Dangote, has informed President Bola Tinubu that his group of companies paid a whopping N450 billion in taxes to the Federal Government’s coffers in 2024, thereby making it the highest tax-paying company in Nigeria. With this significant tax payment, Dangote companies are…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed allegations of irregularities in the 2024 oil block licensing round, asserting that the process strictly adhered to the Petroleum Industry Act (PIA) 2021 and its licensing guidelines. This disclosure was made by the Chief Executive of the NUPRC, Mr. Gbenga Komolafe while speaking with reporters in…
The Federal Government of Nigeria has announced plans to deploy seven million smart electricity meters across the country through the Presidential Metering Initiative as part of efforts to eliminate estimated billing and revenue leakages in the power sector. This was disclosed by Mrs. Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during an…
