Headline

Nigeria produced about 306.4 million barrels of crude oil and condensate between March and August 2026 as upstream output strengthened through the first half of the period before easing slightly in July and August, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Nigeria’s electricity subsidy bill could reach ₦2 trillion this year if the government maintains the current tariff structure, adding pressure to public finances as the power sector continues to struggle with rising costs and weak revenue collection.

The Economic and Financial Crimes Commission has declared former Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Abdullahi Maina, wanted over an alleged case of receiving stolen property.

The former Chairman of the National Human Rights Commission (NHRC), Professor Chidi Odinkalu, has raised a constitutional red flag over President Bola Tinubu’s prolonged absence from Nigeria, warning that the country cannot be run indefinitely from abroad.

A gas resource discovered more than five decades ago has finally received the investment green light, as TotalEnergies and its Nigerian partner, AMNI International, take the Final Investment Decision (FID) on the $800 million Ima Gas Project.

A sprawling US property network worth nearly $271 million has been linked to 61 current and former Nigerian politically exposed persons, their relatives, associates and affiliated companies.

United Nations Secretary-General, António Guterres, has launched a fresh and forceful challenge to the 80-year-old global power structure, demanding reform of the UN Security Council and declaring Africa’s continued exclusion from permanent membership “unjust and indefensible”.

The Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points has opened a new phase in monetary policy, with economists divided over how quickly the reduction will translate into cheaper credit and stronger economic activity.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has tightened its regulatory grip on petroleum marketers, threatening to revoke the licences of fuel stations caught under-dispensing products to consumers.

The US Justice Department has told a federal court that President Donald Trump has the authority to bar CNN, MS NOW and Politico reporters from parts of the White House.