The Federal High Court in Abuja has issued an order directing the Minister of State for Petroleum Resources, Heineken Lokpobiri, along with other defendants, to maintain the status quo pending the outcome of a case concerning four oil fields. This ruling was made on January 4, 2026, following an application by Hi-Rev Oil Limited and

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Flutterwave, Africa’s leading payments technology company, has acquired Mono, a pioneer in open banking infrastructure across the continent. This acquisition further solidifies Flutterwave’s commitment to developing a connected and interoperable financial ecosystem that will drive the evolution of alternative payment methods in Africa. Mono’s API-driven platform enables secure access to financial data, identity verification, and

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on all dealers receiving direct deliveries from the Dangote Petroleum Refinery to adhere to the N739 per litre pump price, which was set by the refinery for designated retail outlets. In a telephone interview, IPMAN National President, Alhaji Abubakar Maigandi, emphasized the importance of maintaining

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The Pension Transitional Arrangement Directorate (PTAD) has successfully disbursed a total of N55.9 billion in pension payments and arrears to eligible pensioners and the next-of-kins of deceased pensioners under the Defined Benefits Scheme (DBS) for the month of December 2025. The total disbursement includes N13.4 billion as monthly pensions for pensioners across all departments, including

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A prominent oil and gas expert, Ken Ife, has stated that the newly implemented Nigeria Tax Act 2025 will significantly reduce revenue leakages in the country’s oil and gas sector. The expert explained that the tax reforms would streamline the fiscal framework, promote greater transparency, and build investor confidence in the industry. The Nigeria Tax

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First HoldCo Plc has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of N500 billion. This milestone, achieved well ahead of the regulatory deadline, positions FirstBank for accelerated growth and enhanced support for Nigeria’s real sector. The recapitalisation was achieved

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Tantita Security Services, a key player in securing Nigeria’s vital oil and gas installations, has enhanced its surveillance capabilities by contracting Textron Systems, a high-tech security company, to deliver cutting-edge equipment. As part of the contract signed on December 29, 2025, Tantita will receive three Aerosonde Mk. 4.7 vertical takeoff and landing (VTOL) uncrewed aircraft

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itel, the global tech empowerment brand, has teamed up with Pantone, the world’s leading authority on colour standards, to introduce an exclusive product collection inspired by PANTONE 11-4201 Cloud Dancer, the official Color of the Year for 2026. The collaboration, announced in a statement signed by itel Nigeria’s Public Relations Supervisor, Simeon Shagba, highlights the

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Hon. Dayo Bush Alebiosu, Commissioner for the Ministry of Waterfront Infrastructure Development, has outlined plans to regenerate parts of Kosofe Local Government Area, particularly Oworonshoki, emphasizing long-term economic value and sustainable development. In a New Year media briefing at his residence in Lagos, Alebiosu described the recent urban regeneration efforts as a well-thought-out initiative aimed

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Dangote Petroleum Refinery has reassured the public that its operations remain fully functional, with continuous production at its 650,000 barrels per day (bpd) facility in Ibeju-Lekki, Lagos State. The company dismissed claims of a shutdown, confirming that any routine maintenance on specific units does not affect overall production. In a statement released by the refinery,

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