Category: Nigeria news
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Warri Monarch Urges Environment Ministry to Uphold Abigborodo Oil Field Name
The Alema of Warri Kingdom, Chief Emmanuel Oritsejolomi Uduaghan, has called on the Federal Ministry of Environment to disregard protests by the Udogun Okpe (Orode-in-Council) over the naming and location of the proposed Abigborodo oil field, insisting that the field rightfully belongs to Abigborodo Community in Warri North Local Government Area of Delta State. In
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ECN DG Hails Tinubu’s Energy Reforms, Urges Nigerians to Support Implementation
The Director-General of the Energy Commission of Nigeria (ECN), Dr. Mustapha Abdullahi, has commended President Bola Ahmed Tinubu for what he described as well-structured and forward-looking energy reforms under the Renewed Hope Agenda, calling on Nigerians to support the administration to ensure their successful execution. In his New Year message, Dr. Abdullahi said the reforms
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Investors Net N32tr Gain as Nigerian Stock Market Ends 2025 Strongly
Investors in Nigerian equities closed 2025 with a net capital gain of ₦32.13 trillion, reinforcing Nigeria’s position as one of the top five best-performing stock markets globally. Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) recorded a full-year return of 51.19 percent, translating to the ₦32.13 trillion gain in investor wealth.
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Nigeria Revenue Service Unveils Official Logo as FIRS Transitions to NRS
A new chapter in Nigeria’s revenue administration officially commenced as the Nigeria Revenue Service (NRS) unveiled its institutional logo, marking the formal transition from the former Federal Inland Revenue Service (FIRS). The NRS became operational following the signing of its enabling legislation, the Nigeria Revenue Service Establishment Act 2025, by President Bola Tinubu in June
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NNPCL Profit After Tax Rises to N502bn in November
The Nigerian National Petroleum Company Limited (NNPCL) has reported a Profit After Tax (PAT) of ₦502 billion in November 2025, up from ₦447 billion recorded in October, according to its latest monthly financial and operational report. The report also showed that the state-owned energy company generated ₦4.358 trillion in revenue during the month, although this
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Alake’s Solid Minerals Reforms on Track as Sector Revenue Set to Hit N70bn
The commitment of President Bola Tinubu’s administration to reposition Nigeria’s solid minerals sector as a major alternative revenue source is yielding tangible results, with sectoral earnings recording a triple-fold increase within two years. This was disclosed in a statement issued in Abuja by Segun Tomori, Special Assistant on Media to the Minister of Solid Minerals
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CBN Records $4.6bn Balance of Payments Surplus, PMI Rises to 57.6 Points
Nigeria’s external sector recorded a significant turnaround in the third quarter (Q3) of 2025, as the country posted an overall balance of payments (BOP) surplus of $4.60 billion, according to data released by the Central Bank of Nigeria (CBN). This marked a sharp improvement from the deficit recorded in the previous quarter. In a statement
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Folorunsho Adeola Pays Tribute to Allwell Ademola at 40th Birthday Celebration
Actress Folorunsho Adeola recently honored her late colleague Allwell Ademola, who passed away on December 27 following a heart attack, during her 40th birthday celebration. At the party, Adeola observed a moment of silence, with guests standing in respect as her MC led the solemn tribute. On Instagram, Adeola remembered Ademola as a kind-hearted and
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Peller Appeals for N11 Million to Fix Crashed Mercedes SUV
Popular TikTok star Peller has revealed that repairing his N100 million Mercedes Benz SUV, damaged in a deliberate road accident, will cost N11 million. Peller disclosed the news during a live session on TikTok, explaining that the accident occurred shortly after his breakup with lover Jarvis. “They told me that fixing my car would cost
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Fans Hail Kenny Blaq After Selling Out Onikan Stadium for Reckless Festival
History was made as Kenny Blaq was crowned “The Greatest Showman” after selling out the Mobolaji Johnson Arena (formerly Onikan Stadium) for the second time with his blockbuster ‘Reckless Musicomedy Festival’, attracting over 20,000 ecstatic fans. The back-to-back sell-out further cements Kenny Blaq’s status as one of Nigeria’s most dynamic live performers. From the moment
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