Author: Ogochukwu Ndubuisi

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says crude oil producers offered 182 million barrels

Mr Bayo Ojulari, Group Chief Executive Officer, Nigerian National Petroleum Company Limited

GCR Upgrades Aradel Rating, Cites Improved Business, Financial Profile GCR Ratings (GCR) has upgraded Aradel Holdings Plc’s national-scale long-term issuer rating to AA(NG) from AA-(NG) and affirmed the short-term issuer rating at A1+(NG). The Africa-focused ratings agency also upgraded the national-scale long-term issuer rating accorded to Aradel Holdings Plc’s NGN10.318 billion Series 1 Senior Unsecured Bonds to AA(NG) from AA-(NG) previously. The outlook on all the ratings is positive, GCR said. The upgrade of Aradel Holdings Plc’s rating reflects its enlarged and stronger business profile following the successful acquisition of a majority equity interest in ND Western Limited. Ratings analysts…

Equities investors gained more than N299 billion on the Nigerian Exchange (NGX) on Monday, with Seplat as the volume driver in the local bourse.

Our Uranium Lit Europe While We Remained In Darkness – Niger’s PM At UNGA  Niger’s Prime Minister Ali Mahamane Lamine Zeine has declared an end to decades of unequal uranium trade, saying the country’s resources will now be managed by Nigeriens and for Nigeriens. Addressing the United Nations General Assembly on September 26, Zeine said: “For more than half a century, Niger’s uranium has lit the cities of Europe while our cities have remained in darkness. That injustice is now over.” He said Niger recovered control of SOMAÏR, the country’s main uranium company, in June 2025 after nationalising it from…

Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.

Nigeria’s gross external reserves continued to rise, reaching about $55 billion, driven by sustained dollar inflow

Gbajabiamila Denies Involvement In Purported PFIPC Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has denied any involvement in the activities of the purported Presidential Foreign Investment Promotion Council, PFIPC. Gbajabiamila spoke on Saturday at the 2026 Gbaja Mega Empowerment programme in Lagos, where he distributed cash, vehicles and other items to residents of Surulere. He said investigations by relevant government agencies cleared him of wrongdoing over allegations linked to the purported council, which the Presidency described as fictitious. According to him, the Nigeria Police Force, Department of State Services and the Independent Corrupt Practices and Other Related Offences…

Africa’s Exclusion From UN Security Council Undermines Fairness – Shettima Vice President Kashim Shettima says Africa’s continued exclusion from permanent membership of the United Nations (UN) Security Council undermines the fairness and legitimacy of the global governance system. Shettima stated this during a meeting with United Nations Deputy Secretary-General, Amina Mohammed, on the sidelines of the 81st United Nations General Assembly in New York. He reaffirmed Nigeria’s support for urgent reform of the UN, noting that the nation would remain a dependable partner in efforts to rebuild trust among nations, defend international law and address hunger, violence and exclusion. …

Oyebanji ‌‍⁠‌‍⁠⁠‌⁠‍‍‌Dissolves Boards, Terminates Political Appointments Gov. Biodun Oyebanji of Ekiti has approved the immediate dissolution of boards, commissions and parastatals, as well as the termination of the appointments of all political appointees in the state. This is contained in a statement by the Special Adviser to the Governor on Media, Mr Yinka Oyebode, on Sunday in Ado-Ekiti. Oyebanji said the decision became necessary as his administration gradually winds down its first term ahead of the inauguration of his second term scheduled for Oct. 16. The affected political appointees include Special Assistants, Senior Special Assistants and Technical Assistants to…