Browsing: NIGERIA | NIGERIA

The Nigerian National Petroleum Company Limited (NNPCL) says it has recorded an after tax profit of N535 billion for the month of June, 2026, representing 15.8 per cent increase from N462 billion realised in May this year.

Nigerian troops have rescued 34 kidnap victims, apprehended suspected ISWAP informants and recovered arms, ammunition in coordinated operations nationwide.

Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark Memorandum of Understanding (MOU) valued over $800 million for the expansion of the Dangote Cement Plant in Itori, in Ogun State in southwestern Nigeria, increasing its production capacity to 12 million metric tonnes per annum.

Gavi, the Vaccine Alliance says it has committed over 500 million dollars to support Nigeria’s immunisation programme over the next five years.

The Federal Government of Nigeria has expanded the Presidential Forest Guards Initiative to 10 states and trained more than 9,000 personnel to strengthen security in forests and other ungoverned spaces used by kidnappers, bandits and other criminal groups.

The Vice President of Nigeria, Alhaji Kashim Shettima, has urged Nigerians to reject ethnic profiling, religious hatred and revenge to strengthen peace, security and national unity.

Nigeria’s Minister of Power, Mr. Joseph Tegbe, says the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

The Financial Services Industry led the activity chart this week on the floor of the Nigerian Exchange Ltd (NGX) with 3.918 billion shares valued at ₦271.428 billion traded in 123,514 deals.

Seplat Energy Plc has signed a binding Heads of Agreement with the Nigerian National Petroleum Company Ltd. (NNPCL) to sell a 10 per cent working interest in the NNPCL/Seplat Energy Producing Nigeria Unlimited (SEPNU) Joint Venture for 281.6 million dollars.

The Nigerian Ports Authority (NPA) says 38 vessels laden with petroleum products, food items and other cargoes are expected to berth at Apapa, Lekki Deep Sea Port and Tin Can Island Port between July 29 and Aug. 7.