Bauchi | July 31, 2025 — The Nigerian National Petroleum Company Limited (NNPCL) has intensified its push for hydrocarbon development in Northern Nigeria with the successful drilling of four new oil wells in Bauchi State. This milestone is part of the ongoing Kolmani Integrated Oil Field project, aimed at unlocking the oil and gas potential
Lagos | July 31, 2025 — FirstHoldco Plc, the non-operating holding company of Nigeria’s oldest financial services group, has posted a robust ₦169.6 billion profit before tax for the second quarter of 2025, marking one of the earliest major financial declarations of the earnings season. This impressive figure represents a significant year-on-year growth, reinforcing FirstHoldco’s
July 31, 2025 | Abuja — President Bola Ahmed Tinubu has approved the appointment of the Governing Council and principal officers for the newly established Federal University of Technology located in Ogoniland, Rivers State, marking a critical step in the institution’s operational takeoff. According to a statement from the Presidency on Wednesday, the appointments form
The Speaker of the House of Representatives, Tajudeen Abbas, has said that 55% of Nigeria’s youth are either unemployed or underemployed due to a lack of technical and vocational skills needed in today’s job market. Abbas made the statement on Wednesday during a public hearing organised by the House Committee on Polytechnic and Higher
The Nigerian National Petroleum Company Limited (NNPCL) has drilled four oil wells in the Kolmani area of Bauchi State as part of its efforts to expand oil and gas exploration in northern Nigeria. Yusuf Usman, a director at the NNPCL, disclosed this on Wednesday during an interactive session on government-citizens engagement organised by the
Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPC) has officially dismissed speculation about selling the Port Harcourt Refining Company, declaring its commitment to completing comprehensive rehabilitation works on the facility. NNPC Group Chief Executive Officer, Bayo Ojulari, made the clarification during a company-wide town hall meeting in Abuja on Wednesday, addressing concerns
Abuja | July 30, 2025 The Federal Government has revealed that 27 states and the Federal Capital Territory (FCT) accessed a total of ₦78.6 billion in matching grants under the Universal Basic Education (UBE) scheme as of mid-2025. This was disclosed by the Executive Secretary of the Universal Basic Education Commission (UBEC), Dr. Hamid Bobboyi,
Lagos | July 30, 2025 Despite a bullish run in the Nigerian equities market, many institutional fund managers are notably holding back from participating in the ongoing rally, citing concerns over macroeconomic uncertainty and valuation risks. The Nigerian Exchange (NGX) has recorded impressive gains in recent months, driven by renewed investor confidence, improved corporate earnings,
Geneva, Switzerland | July 30, 2025 President of the Nigerian Senate, Godswill Akpabio, has called on parliamentarians across the world to embrace peace and justice as collective responsibilities toward building a secure and inclusive global society. Speaking at the 148th Inter-Parliamentary Union (IPU) Assembly held in Geneva, Switzerland, Akpabio emphasized the need for lawmakers to
Abuja | July 30, 2025 The Nigerians in Diaspora Commission (NiDCOM) has confirmed that the Nigerian nationals who were reportedly stranded in the Central African Republic (CAR) have now been taken into protective custody by officials of the Nigerian Embassy in Bangui. According to a statement released by NiDCOM on Tuesday, the affected individuals, believed
