55 h. ago Rig Count Rises To 41 As NUPRC Enforces Drill Or Drop Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant increase in rig activity, rising from 11 rigs before the Petroleum Industry Act (PIA) to 42 rigs currently in operation. This surge reflects growing investor confidence and a revitalised upstream sector, driven largely by the Commission’s enforcement of the “Drill or Drop” policy. However, […]

Politics

3 d. ago Nelly Agbogu: Revolutionising digital commerce and SME growth in Nigeria

Nelly Agbogu is a transformational entrepreneur, SME strategist, and digital commerce expert with 15+ years’ experience spanning oil & gas, read more Nelly Agbogu: Revolutionising digital commerce and SME growth in Nigeria

Politics

5 d. ago FG brokers landmark peace deal between Sterling Oil and PENGASSAN

By Damiete Braide In a significant turn of events for Nigeria’s oil and gas sector, the Federal Government has successfully brokered a peaceful resolution between Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). This development brings an end to months of tension […] The post FG brokers landmark peace deal between Sterling Oil and PENGASSAN appeared first on The Sun Nigeria.

Politics

5 d. ago PMA, Coatings Group partner to drive Nigeria’s $2.7bn paints market

Paint Manufacturers Association of Nigeria (PMA) and the Coatings Group have partnered to drive Nigeria’s paints and coatings market, which read more PMA, Coatings Group partner to drive Nigeria’s $2.7bn paints market

Politics

5 d. ago Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ

Tribune Online Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ Nigeria’s Foreign Exchange Market (NFEM) recorded total inflows of $5.96 billion in May 2025—a significant 62 per cent increase from $3.67 billion in April—signaling renewed investor confidence and the growing strength of domestic financial activity. According to data from the Financial Markets Dealers Quotations (FMDQ), domestic sources accounted for a commanding 83.2 per cent of […] Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ Tribune Online

Politics

5 d. ago Divestment key to retaining value in Nigeria’s energy sector, says  Sen. Lokpobiri

The Honourable Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D, has reaffirmed that divestment is a vital component of the energy business. When strategically executed, he said, it delivers measurable benefits to Nigeria’s oil and gas sector. He emphasized that the successful conclusion of long-pending divestment transactions under the #RenewedHope administration has […] The post Divestment key to retaining value in Nigeria’s energy sector, says  Sen. Lokpobiri appeared first on The Sun Nigeria.

Politics

5 d. ago BlockDAG Rockets Toward $300M With NBA Tease While Avalanche Rises and Shiba Inu Fades

As the crypto market enters a new phase of user-driven growth, BlockDAG is making a name for itself not with read more BlockDAG Rockets Toward $300M With NBA Tease While Avalanche Rises and Shiba Inu Fades

Events

6 d. ago Eno lauds Seplat for deepening investment in oil, gas sector

Governor Umo Eno of Akwa Ibom State has commended Seplat Energy Unlimited for deepening investment in the oil and gas read more Eno lauds Seplat for deepening investment in oil, gas sector

Politics

6 d. ago From money market to equity: How mutual funds drive investors gains

Nigerian investors are finding significant value in mutual funds this year, as the asset class has delivered an average gain read more From money market to equity: How mutual funds drive investors gains

Economics

6 d. ago NCDMB Seeks Content Devt Fund’s Exclusion From Revenue Deductions

The Nigerian Content Development and Monitoring Board (NCDMB), has highlighted ongoing efforts to develop a robust oil and gas industry that will further promote local content and address skill gaps in the industry. The board said this would be accelerated with strong infrastructure backing and legislative reforms and also by excluding the Nigerian Content Development […]

Politics

6 d. ago World Environment Day: STL Capital Group drives plastic waste awareness in Lagos market

In commemoration of World Environment Day 2025, STL Capital Group, in collaboration with the Lagos Waste Management Authority (LAWMA), led read more World Environment Day: STL Capital Group drives plastic waste awareness in Lagos market

Politics

7 d. ago NGX banking index leads activity chart as stock market posts weekly gains

Tribune Online NGX banking index leads activity chart as stock market posts weekly gains THE Nigerian Exchange (NGX) experienced vibrant trading activity in the first week of June 2025, with the NGX Banking Index emerging as the top performer. The index led gains across the market, driven by renewed investor confidence and increased interest in banking stocks, reflecting optimism around the sector’s growth outlook. Sector-wise, the Financial Services industry […] NGX banking index leads activity chart as stock market posts weekly gains Tribune Online

Politics

8 d. ago Senate committee hails Tinubu’s drive for local capacity development in oil and gas, applauds NCDMB’s progress

From Juliana Taiwo-Obalonye, Abuja The Senate Committee on Local Content has lauded the Nigerian Content Development and Monitoring Board (NCDMB) for its robust efforts to enhance local participation in Nigeria’s oil and gas sector, aligning with President Bola Tinubu’s Renewed Hope Agenda. This commendation was delivered by the Chairman of the committee, Senator Joel Thomas, […] The post Senate committee hails Tinubu’s drive for local capacity development in oil and gas, applauds NCDMB’s progress appeared first on The Sun Nigeria.

Politics

9 d. ago Senate Committee Backs NCDMB On Indigenous Control Of Oil Sector

The Senate Committee on Local Content has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its efforts in promoting local participation in the country’s oil and gas industry. Vice chairman of the Senate Committee and Senator representing Delta Central, Chief Ede Dafinone, made the commendation at the end of the first day of […]

Politics

9 d. ago Nigeria Strengthens Competitiveness In Oil & Gas – African Energy Chamber

The latest executive order by President Bola Tinubu to lower costs and enhance revenue from oil and gas projects is strengthening the competitiveness of doing business in Nigeria, says the African Energy Chamber (AEC). The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream operators and is expected to play […]

Politics

9 d. ago Senate committee hails NCDMB over progress on local content, industrial park

Tribune Online Senate committee hails NCDMB over progress on local content, industrial park During the visit, members of the committee undertook a tour of the board’s flagship project of the nearly completed Nigerian Oil and Gas Park Scheme (NOGaPS) located at Emeyal 1 in Ogbia Local Government Area. Senate committee hails NCDMB over progress on local content, industrial park Tribune Online

Politics

1 week ago JHomes Set to Revolutionize Nigerian Rental Market with Tech

Tribune Online JHomes Set to Revolutionize Nigerian Rental Market with Tech-Driven Solutions Launch Date: July 1, 2025 | Website: www.jhomes.org | App to be available on Play Store & Apple Store JHomes Set to Revolutionize Nigerian Rental Market with Tech-Driven Solutions Tribune Online

Politics

1 week ago Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

Wema Bank has been announced as the winner of the ‘Commercial Bank of the Year’ at the 2025 Nairametrics Capital Market Choice (NCMC) Awards. The announcement was made at the awards gala held in Lagos, where standout performers across Nigeria’s capital markets were celebrated. The Nairametrics Capital Market Choice (NCMC) awards is a data-driven platform […]

Politics

1 week ago PENGASSAN Secures 300% Wage Increase For Oil And Gas Workers

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Festus Osifo, has revealed that the union has successfully negotiated wage increase of up to 300 per cent for some oil and gas workers. Osifo said that the union’s ongoing push for fair wage in the sector was in response to […]

Politics

1 week ago From learners to leaders: How Africa’s new tax justice champions want to shape continent’s future

By Juliana Taiwo-Obalonye Imagine a country rich in minerals, where beneath the surface lies immense wealth, yet the local communities see almost none of its benefits. Multinational corporations extract oil, gas, and minerals, reaping enormous profits, but through complex loopholes and weak regulations, they pay only a fraction of the taxes they owe. This robs […] The post From learners to leaders: How Africa’s new tax justice champions want to shape continent’s future appeared first on The Sun Nigeria.

Politics