The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigeria Deposit Insurance Corporation (NDIC) and the Asset Management Corporation of Nigeria (AMCON) have come top in the 2025 Integrity Report of the Independent Corrupt Practices and other related offences Commission (ICPC). The upstream commission scored 91.83 points, followed by NDIC with 90.70 points, while AMCON came…
Ministry of Petroleum Resources yesterday announced plans to fully automate its operations, setting the stage for paperless interactions across its departments as part of a push to improve efficiency, transparency, and service delivery in Nigeria’s oil and gas sector. The initiative coming under the federal government’s Enterprise Content Management (ECM) system “Go Live”, according to…
President Bola Ahmed Tinubu, on Wednesday in Lagos, inaugurated a Committee on Strategy, Conflict Resolution and Mobilisation to resolve conflicts within the All Progressives Congress as it approaches the 2027 general elections. This was contained in a statement by hisSpecial Adviser onInformation & Strategy, Bayo Onanuga The committee, which comprises Governors of the party, members…
Seplat Energy Plc has completed the conversion of its operated onshore assets to the Petroleum Industry Act fiscal regime, replacing the former Petroleum Profit Tax framework, in a move expected to support improved profitability and operational efficiency. The company disclosed in a notice filed on the Nigerian Exchange Limited on Tuesday that its subsidiaries, Seplat…
Seplat Energy says Saidu Mohammed has withdrawn his acceptance of its board appointment over his recent appointment as chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). On December 17, the company announced the appointment of Mohammed as an independent non-executive director, effective January 1. On the same day, President…
Vows Bold Reforms to Boost Nigeria’s Upstream Oil & Gas Sector Mrs. Oritsemeyiwa Eyesan has officially taken charge as the Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Eyesan, whose nomination by President Bola Ahmed Tinubu was confirmed by the Senate earlier in December following the resignation of the previous CCE,…
Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony O. Elumelu, CFR, Chairman of Heirs Energies, and Dr. George Elombi, President and Chairman…
Commends Dangote for its affordable petrol products The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products, noting that the refinery already offers the best affordable price for all marketers, even as free delivery commences in January 2026. The…
Conoil Plc has closed the 2024 financial year on a confident note, announcing a proposed dividend payout of ₦2.428 billion to shareholders. The dividend, set at 350 kobo per 50 kobo ordinary share, was presented at the Company’s 55th Annual General Meeting held on Friday, 19 December 2025, reinforcing Conoil’s steady performance in a demanding…
The Federal Competition and Consumer Protection Commission, FCCPC, has lifted the seal placed on the headquarters of Ikeja Electric Plc after the power firm agreed to comply with regulatory directives over consumer rights violations. The Commission, in a statement issued on Friday and signed by its Director of Corporate Affairs, Ondaje Ijagwu, stated that the…
