Oil & Gas

Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the three months ended 31 March 2025, recording a revenue of N1.228 trillion for the period from N268.6 billion reported same quarter last year. Its…

The Federal Government of Nigeria on Tuesday commenced tolling on the 227.2km Abuja-Keffi-Akwanga-Lafia-Makurdi Highway with the inauguration of the Garaku Toll Plaza. However, certain categories of vehicles, security vehicles, diplomatic cars, ambulances, and tricycles are exempted from the charges. The road is a Public Private Partnership (PPP) project under the…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the fire at its Buguma Wellhead 008, managed by its subsidiary NNPC Eighteen Operating Ltd (NEOL), to the actions of pipeline vandals attempting to tamper with the Christmas Tree and steal crude oil. Mr. Olufemi Soneye, Chief Corporate Communications Officer…

A total sum of N 1.424 trillion, being Dec. 2024 Federation Account Revenue has been shared to the Federal Government, states, and the Local Government Councils (LGCs). This is according to a statement by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant General of the Federation (OAGF).…

The Defence Headquarters (DHQ) has announced that its troops successfully neutralized 10,937 terrorists and recovered 8,815 weapons, along with 228,004 rounds of ammunition during operations conducted between January and December 2024. The Director of Defence Media Operations, Major General Edward Buba, in a briefing  stated that this achievement underscores the…

The Nigerian Communications Commission (NCC) has announced plans to simplify data usage tracking for telecom consumers to address ongoing concerns about data depletion and billing issues. This initiative was unveiled at the 93rd edition of the Telecom Consumer Parliament (TCP) held on Thursday in Abuja, themed: “Optimising Data Experience: Empowering…

The National Association of Telecoms Subscribers (NATCOMS) has rejected the alleged telecoms tariff hike and called on the Nigerian Communications Commission (NCC) to nullify its approval. NATCOMS made this known in a communiqué issued after its National Exco held an emergency meeting on the planned tariff hike of Telecommunication Services…

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) on Monday said its members would start service shedding, if nothing was done to increase tariff. In a statement in Lagos, the Chairman of ALTON, Mr Gbenga Adebayo, said the Nigerian telecommunications industry was facing a critical challenge that required urgent…

The Nigerian Communications Commission (NCC) has dismissed circulating rumors of a telecommunications tariff increase allegedly set for January 2025. The Commission called these reports baseless and urged subscribers to disregard the misinformation. A senior NCC official reaffirmed that any tariff adjustments would strictly follow the Nigerian Communications Act (NCA), which…

It is important to address the concerns raised in Farooq Kperogi’s recent article, “Tinubu’s Buharisation of the NNPC”, and to clarify some of the misconceptions about the operations and leadership structure of the Nigerian National Petroleum Company (NNPC) Limited. First, employment, promotions, appointments, and movements of business leaders at the…