News as it breaks
President Bola Ahmed Tinubu has announced plans to establish a $2 billion National Climate Change Fund as part of Nigeria’s strategy to accelerate its energy transition and attract green financing. The President made the disclosure while speaking at the Abu Dhabi Sustainability Week Summit, where he said the Federal Government…
Nigerian National Petroleum Company, NNPC Limited has announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State, following an unexpected explosion that occurred on December 10, 2025. According to the company, the incident prompted the immediate activation of its emergency response plan, with coordinated containment measures…
Chairman of the Dangote Group, Aliko Dangote, has submitted a formal petition to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), alleging corruption and financial misconduct against Ahmed Farouk, Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The petition, dated December 16 and filed…
Nigeria may be heading toward a major power crisis as the National Union of Electricity Employees (NUEE) has threatened to shut down electricity operations nationwide following an alleged violent attack on staff of the Transmission Company of Nigeria (TCN) in Imo State. The union raised the alarm in a statement…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has suspended the planned implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), also known as diesel. In a statement issued by the Director…
Former Governor of Jigawa State, Mallam Sule Lamido, has warned that he will take legal action against the Peoples Democratic Party (PDP) if the party refuses to sell him a nomination form to contest for the position of National Chairman at its upcoming national convention in Ibadan, Oyo State. The…
Ad-hoc panel investigates HYPREP fund management, contract transparency, and remediation project impact The House of Representatives Ad-Hoc Committee on Oil Spill Clean-Up Funds has reaffirmed its commitment to ensuring transparency, accountability, and justice in the management of funds earmarked for environmental remediation in the Niger Delta. Chairman of the committee,…
The Federal Government of Nigeria lost approximately 13.5 million barrels of crude oil, valued at $3.3 billion, to oil theft and pipeline sabotage between 2023 and 2024, according to the Nigerian Extractive Industries Transparency Initiative (NEITI). The revelation was made by NEITI Executive Secretary, Dr. Ogbonnaya Orji, at the 2025…
Non-governmental organization Vectar Energy has renewed its call for increased climate financing and clean energy investments in Nigeria, stressing the need to accelerate the country’s transition from fossil fuels to renewable energy solutions. Speaking at the inaugural EcoWise Multi-Stakeholder Forum in Abuja, Founder of Vectar Energy, Deborah Fadeyi, emphasized that…
The Nigerian Senate has confirmed that the Nigerian National Petroleum Company Limited (NNPCL) has submitted responses to 19 audit queries regarding an alleged ₦210 trillion in unaccounted funds, covering the financial years 2017 to 2023. This was disclosed by Senator Aliyu Wadada, Chairman of the Senate Committee on Public Accounts,…
