The Nigerian Meteorological Agency (NiMet) has forecast rainfall and thunderstorms across the country from Thursday to Saturday, July 11, 2026, urging residents to take necessary precautions against severe weather.
NiMet, in its weather outlook released on Wednesday, predicted patches of...
Oil prices advanced on Thursday, July 9, 2026, after the United States launched fresh airstrikes on Iran, escalating tensions in the Middle East and raising concerns over potential disruptions to crude exports through the Strait of Hormuz.
Brent crude futures...
The Senate on Wednesday approved the Nigerian Customs Service's proposed 2026 budget, endorsing a revenue target of ₦11.074 trillion and an expenditure estimate of ₦1.295 trillion for the next fiscal year.
The approval followed the adoption of the report presented...
ESSO Exploration and Production Nigeria Offshore East Limited has committed more than $300 million to the Usan Infill Project, a deepwater oil development expected to increase Nigeria's crude oil production by about 40,000 barrels per day.
The project, unveiled on...
The Nigerian stock market sustained its bullish rally on Wednesday, July 8, 2026, as investors gained N3.450 trillion, driven by renewed buying interest in large and mid-cap stocks.
The positive sentiment lifted the market capitalisation by 2.27 per cent, rising...
The naira further depreciated at the official market on Wednesday, July 8, 2026, trading at N1,379.06 against the United States dollar.
Data released by the Central Bank of Nigeria (CBN) revealed that the naira lost N3.32.
This represented a 0.24 per...
Nigeria LNG Limited (NLNG) has urged investors to take advantage of emerging opportunities in the country's gas sector, warning that delays in developing new projects could slow efforts to unlock Nigeria's vast gas reserves.
Speaking at the Nigeria Oil and...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced the issuance of Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 Licensing Round after executing concession contracts covering 19 oil blocks.
The contracts were signed with 12 successful companies...
The Federal Government has unveiled plans to distribute five million Liquefied Petroleum Gas (LPG) cylinders to women in rural communities by 2030 as part of efforts to expand access to clean cooking energy and reduce dependence on firewood.
The Coordinating...
Former Minister of Youth and Sports, Solomon Dalung, has alleged that members of the National Assembly demanded a ₦200 million bribe from him during his first budget defence, claiming he was sidelined from subsequent budget sessions after refusing to...
