July 2026

NUPRC Welcomes ExxonMobil’s $1bn Deepwater Investment, Awards 19 Oil Licences

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has hailed ExxonMobil’s $1bn investment in the Usan Infill Project, located in Oil Mining Lease (OML) 138, describing it as a significant boost for Nigeria’s deepwater oil sector and crude production drive. The investment, announced on Wednesday at the 25th Nigeria Oil and Gas Energy Week Conference and […]

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July 8, 2026
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National Assembly

PFIPC: Reps investigate ‘fake’ agency’s ₦1.3bn budget claims

The House of Representatives on Wednesday constituted an ad-hoc committee to investigate the legality of the Presidential Foreign Investment Promotion Council following allegations that the body was fraudulently presented as a federal agency and had a provision of over N1.3bn inserted into the 2026 Appropriation framework. The committee, to be chaired by the Chairman of […]

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July 8, 2026
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Uncategorized

Oil Prices Jump 5% After Trump Declares Iran Ceasefire Over

Global oil prices surged more than five per cent on Wednesday after US President Donald Trump declared that the ceasefire with Iran was over, following renewed military strikes in the Middle East that heightened fears of further disruptions to global energy supplies. International benchmark Brent crude climbed 5.3 per cent to $78.09 per barrel, while […]

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July 8, 2026
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Economy

IMF: Rising Cost of Essentials to Push More Nigerians into Poverty

The International Monetary Fund (IMF) has warned that rising prices of essential goods will worsen poverty and food insecurity in Nigeria, despite improvements in the country’s macroeconomic stability. In its July 2026 World Economic Outlook (WEO) Update, the IMF retained Nigeria’s economic growth projections at 4.1 per cent for 2026 and 4.3 per cent for […]

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July 8, 2026
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Breaking News

US Congressman Blames Fulani Militants for Attacks on Christians in Nigeria

US Congressman Riley Moore has alleged that Fulani militants are the leading perpetrators of violence against Christians in Nigeria, while calling for renewed US efforts to address insecurity in the country’s Middle Belt. In a post on X on Wednesday, Moore said he had been investigating what he described as the genocide of Christians in […]

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July 8, 2026
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Business

Fidelity Bank Deepens Support for Oil, Gas Sector with SNEPCo Contractor Finance Facility

L – R: Mr. Abolore Solebo, Executive Director, Corporate Bank; Dr. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer (both of Fidelity Bank Plc); Mr. Ronald Adams, Managing Director; Mr. Tunde Oduwole, Group Finance Director (both of Shell Nigeria Exploration and Production Company Limited, SNEPCo); at the Memorandum of Understanding signing ceremony between SNEPCo and Nigerian banks for […]

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July 8, 2026
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Health

Senate Advances Bill to Digitise Nigeria’s Healthcare System

The Senate on Wednesday passed for second reading a bill seeking to establish a comprehensive legal and regulatory framework for the development, coordination and integration of electronic health services across Nigeria. Leading the debate, the sponsor of the bill and Deputy Senate President, Senator Jibrin Barau, said the proposed legislation would lay the legal foundation […]

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July 8, 2026
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National Assembly

Reps in Rowdy Session Over Motion to Invite Tinubu on Budget Implementation

The House of Representatives on Wednesday descended into a rowdy session as lawmakers clashed over a motion seeking to invite President Bola Tinubu to explain the alleged non-implementation of constituency projects and delays in the release of budgeted funds. The tension erupted during consideration of a motion sponsored by the member representing Aba North/Aba South […]

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July 8, 2026
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Breaking News

Defence Minister Orders Troops to Shoot Terrorists, Bandits Without Waiting for Approval

The Minister of Defence, General Christopher Musa (retd.), has directed security personnel to take immediate action against terrorists and armed bandits, warning that any operative who fails to engage criminals under the pretext of awaiting orders would be regarded as collaborating with them. Musa gave the directive on Wednesday in Sokoto State while commissioning 62 […]

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July 8, 2026
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Breaking News

PFIPC scandal: Fake DG fooled me with Presidency letterhead, says Kalu

Deputy Speaker of the House of Representatives, Benjamin Kalu, has revealed that he was misled into meeting with the self-acclaimed Director-General of the controversial Presidential Foreign Intervention Promotion Council (PFIPC), Adeniyi Adeyemi, after receiving what appeared to be an official letter from the Presidency. Speaking during Wednesday’s plenary while supporting a motion calling for an […]

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July 8, 2026
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