The Nigerian National Petroleum Company Limited (NNPC) has reported a significant surge in its monthly profit, rising by 91.3 percent to N539 billion. This increase marks a robust recovery in the company’s financial performance compared to previous months in 2025. NNPCL’s improved profitability highlights the company’s operational resilience amid fluctuating global oil markets and ongoing efforts to boost crude oil and natural gas production. The rise in profit is also a testament to strategic management actions driven by renewed vigor against challenges like crude oil theft and pipeline vandalism. This financial upturn underscores NNPCL’s central role in contributing to Nigeria’s…
Author: Abdoulaye Kay
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the re-entry into Ogoniland is not just about oil production but a historic milestone for reconciliation, justice, and community development under President Bola Tinubu’s Renewed Hope Agenda. Speaking at the presentation of the Ogoni Consultations Report at the State House, Abuja, Tinubu acknowledged the sacrifices of the Ogoni people, noting their decades of pain. “This milestone reflects the spirit of the Renewed Hope Agenda, which commits to building a stronger country, attracting responsible investment, and ensuring community development for national progress,” Tinubu said. NNPC’s Group Chief Executive Officer, Bashir Ojulari, echoed…
Stallion Times, in partnership with the Plateau State Council of the Nigeria Union of Journalists (NUJ), has trained journalists on the ethical use of Artificial Intelligence (AI) in newsrooms. The one-day workshop, held Thursday at the NUJ secretariat in Jos, stressed the need for journalists to balance innovation with professional responsibility. Editor-in-Chief of Stallion Times, Isiyaku Ahmed, said AI offers opportunities to improve efficiency in news gathering and distribution but must not compromise truth, accuracy, fairness, and accountability. NUJ Chairperson in Plateau, Ayuku Pwaspo, described the training as timely, urging reporters to adopt AI responsibly. “The future of journalism is…
Pipeline Infrastructure Nigeria Limited (PINL) says its community-focused security model has directly employed over 35,000 Niger Delta youths, a move credited with boosting national gas production to 7.59 billion standard cubic feet per day (Bscf) in July 2025. Figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) show an 8.58% rise from the 6.99 Bscf recorded in 2024, alongside a drop in gas flaring — underscoring improved efficiency and environmental responsibility. Speaking at a stakeholders’ meeting in Port Harcourt, Dr. Akpos Mezeh, PINL’s General Manager of Community Relations and Stakeholders Engagement, said the expansion of the company’s surveillance mandate beyond…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a $510 million Sales Purchase Agreement (SPA) by TotalEnergies Exploration and Production Nigeria Ltd. The agreement allows the transfer of TotalEnergies’ entire 12.5 per cent contractor interest in Oil Mining Lease (OML) 118 to Shell Nigeria Exploration and Production Company (SNEPCo) and Nigerian Agip Exploration Limited (NAE). The commission disclosed this in a statement on Thursday by its Head of Media and Strategic Communications, Mr. Eniola Akinkuotu. According to the details, TotalEnergies will transfer 10 per cent of its interest to SNEPCo at a cost of $408 million, while NAE will…
The Civil Society Legislative Advocacy Centre (CISLAC) has raised concern in its latest SDG 16 Shadow Report over the dangers posed by asset secrecy and the growing kidnap-for-ransom economy in Nigeria. The report notes that weak accountability and opacity in asset recovery are undermining justice, peace, and strong institutions, which are central to the Sustainable Development Goals. According to the report, between May 2023 and April 2024, an estimated ₦2.2 trillion was paid in ransom across more than two million kidnapping incidents nationwide. CISLAC’s Executive Director, Auwal Musa Rafsanjani, described this trend as the “privatisation of insecurity,” warning that the…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has confirmed that 14 banks have now fully met the recently increased regulatory capital requirement. He made the disclosure on Tuesday in Abuja during a press conference held after the Monetary Policy Committee (MPC) meeting. Cardoso described the banking sector as resilient, noting that most financial soundness indicators remain within projected benchmarks. He said the MPC also acknowledged significant progress in the ongoing bank recapitalisation exercise and urged banks to sustain efforts toward its successful completion. ALSO READ Six months to go, only 6 banks meet recapitalisation target [SEE…
Sen. Natasha Akpoti-Uduaghan on Tuesday regained access to her office at the National Assembly Complex after serving a six-month suspension, insisting she would not apologize to the Senate. Speaking with journalists, the Kogi Central lawmaker described her suspension as an injustice, stressing that any demand for an apology was unlawful. “I read in the papers that the minority leader, Sen. Abba Moro, upon resumption on October 7, would read a motion calling on me to apologize. But you can’t apologize for an injustice. If that is the condition for reopening my office, then we have a long dance to go,”…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced the training of its staff on a new Performance Management System (PMS) as part of efforts to drive digital transformation and improve service delivery. Chairman of the Commission, Dr. Mohammed Bello Shehu, OFR, reaffirmed RMAFC’s commitment to embracing digital tools to replace outdated processes. Represented by Ismail Mohammed Agaka, Federal Commissioner representing Kwara State, Dr. Shehu said the new PMS would take over from the old annual performance evaluation report, ensuring efficiency, accuracy, and transparency. He urged staff to embrace the reforms, noting that the shift from analog to digital…
Rivers State Governor, Siminalayi Fubara, has returned to Port Harcourt, the state capital, after six months away from governance under the emergency rule imposed by President Bola Tinubu. Fubara’s aircraft touched down at the Port Harcourt International Airport at exactly 12:19 p.m. on Friday, more than 24 hours after President Tinubu announced the end of the emergency rule in the oil-rich state. A jubilant crowd of supporters, party loyalists, and traditional leaders thronged the VIP wing of the airport to receive him, chanting solidarity songs and displaying banners that celebrated his return. The governor’s absence from public view since March…