By Ayomide Otitoju NNPC Exploration and Production Limited (NEPL), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has announced plans to increase its daily crude oil production from 370,000 barrels to 550,000 barrels by 2027. Speaking at the Nigeria International Energy Summit (NIES) in Abuja, NEPL Managing Director Nicolas Foucart stated that achieving…
By Ayomide Otitoju Economic analyst Paul Alaje has described the ongoing price competition between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) as a positive development that will curb excessive profits and drive down fuel costs for Nigerians. Speaking on Channels Television’s Politics Today on Tuesday, Alaje noted that in economic terms, the…
By Ayomide Otitoju The Federal Government has initiated legal proceedings against MTN Nigeria Communications Plc and three of its top executives for allegedly failing to provide requested documents to the Federal Competition and Consumer Protection Commission (FCCPC). The criminal charges, filed at the Federal High Court in Abuja, name MTN Nigeria’s Managing Director and CEO,…
By Ayomide Otitoju Digital solutions provider Globacom has introduced its e-SIM technology, offering customers an instant 5GB data bonus upon activation and purchase of a data plan worth N1,500 or more. In a statement released in Lagos, the telecom giant described the e-SIM as a software-based digital chip embedded in smartphones and wearable devices, eliminating…
By Ayomide Otitoju Ado-Ekiti played host to over 280 golfers from across Nigeria as the 2025 Ekiti Golf Club Captain’s Inaugural Tournament took center stage on March 1-2, marking a major milestone for golf in the state. The two-day event celebrated the induction of Tolu Falayi as the club’s new captain and showcased MTN Nigeria’s…
By Ayomide Otitoju FirstBank, West Africa’s premier financial institution, has commenced construction of its state-of-the-art, green-certified headquarters in Eko Atlantic City, Lagos. The 40-story skyscraper, set to be Nigeria’s tallest building, represents a major milestone in the bank’s commitment to sustainability and innovation. Speaking at the groundbreaking ceremony, FirstBank Group CEO, Olusegun Alebiosu, described the…
By Ayomide Otitoju Retail outlets operated by the Nigerian National Petroleum Company Limited (NNPCL) have adjusted the petrol pump price to ₦860 per litre, down from ₦945, in response to recent price changes in the downstream sector. While NNPCL Retail has yet to issue an official statement, reports indicate that several stations in Lagos have…
By Ayomide Otitoju MTN Nigeria has been awarded a “B-” in Climate Change and a “C” in Water Security by the global Carbon Disclosure Project (CDP), highlighting its efforts in addressing environmental challenges and improving transparency in managing climate and water-related risks. These scores reflect MTN’s ongoing commitment to sustainability, enhancing its non-financial disclosures and…
By Ayomide Otitoju An Ibadan resident, Bolanle Idowu, has accused mobile money service provider OPay of failing to refund N90,000 she mistakenly transferred to the wrong account, despite a court ruling in her favor. Idowu recounted that on November 30, she transferred the money to a filling station attendant in error. Upon realizing the mistake,…
