Business

31 Firms Emerge Winners Of 2025 Oil Blocks Licensing Round

Thirty-one indigenous and international companies have emerged as successful bidders for 37 oil and gas assets in Nigeria's 2025 Licensing Round after 143 companies submitted 200 commercial bids for 37 of the 50 oil and gas blocks initially offered.

Soldiers foil abduction, rescue kidnap victims in Zamfara, Katsina operations

Nigerian soldiers successfully rescued kidnap victims and foiled an abduction attempt in recent operations across Zamfara and Katsina states. Read more her

Only Developers Not Highest Bidders, Will Win Nigeria’s Oil Blocks — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that financial muscle alone would no longer determine who wins Nigeria's oil and gas assets, insisting that only companies with proven technical competence and the capacity to rapidly develop fields would emerge successful in the country's…

Kwara orders demolition of unsafe two-storey building over collapse fears

Kwara State Government orders the immediate demolition of a dilapidated two-storey building in Ilorin due to collapse fears, citing it as a threat to publi

IPMAN Urges FG To Review, Scrap Fuel Import Licences Over Rising Petrol Prices

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to urgently review and, where necessary, withdraw the recently approved fuel import licences issued to some petroleum products marketers, arguing that the approvals are contributing to rising fuel prices, foreign exchange…

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