The Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of ₦535 billion in June 2026, representing a 15.8 per cent increase over the ₦462 billion posted in May, despite a slight decline in crude oil and condensate production. The figures are contained in the company’s June 2026 Monthly Financial and Operations Report, which highlighted improved financial performance, increased gas production and significant progress on key national gas infrastructure projects. According to the report, total revenue for the month stood at ₦4.389 trillion, while cumulative statutory payments to the Federation between January and June 2026 rose to ₦6.286…
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Dr. Aristotle Onumo, Director, Stakeholder Management and Partnerships, representing the Director General of NITDA, delivers a goodwill message reaffirming the Agency’s commitment to fostering digital innovation, strategic collaboration, and a technology-driven future for Nigeria, at the 20th International Conference on Technology and Computing (RISE 2026), in Jos. The National Information Technology Development Agency (NITDA) has renewed its call for stronger collaboration among government, industry, academia and technology professionals to accelerate digital innovation and position Nigeria for inclusive economic growth. The Agency emphasized the need to translate emerging technologies into practical solutions capable of transforming governance, creating jobs and strengthening national…
Confidence rarely arrives before the opportunity. It arrives afterwards, once we have found the courage to begin. By Yetunde B. Oni |Managing Director and Chief Executive Officer, Union Bank of Nigeria There is a conversation I have had, in one form or another, with many talented people over the years. It usually begins with hesitation. Someone capable and clearly gifted explains why they are not quite ready for the role, the platform, or the opportunity in front of them. They are waiting to feel certain. What I have learned, across a career in banking and through my own seasons of…
President Bola Ahmed Tinubu has stated that the creation of four additional divisions of the Nigerian Army to complement the existing eight was to ensure that the military responded swiftly to acts of insecurity wherever they happened. He added that the 12 divisions are now better motivated to tackle the insecurity in the country that has festered for long. The President stated this while receiving traditional rulers under the auspices of the Oyo State Council of Obas, led by the Olubadan of Ibadan, His Imperial Majesty, Oba Rashidi Adewolu Ladoja, Arusa 1 in the State House on Thursday. According to…
The senate committee on public accounts has announced a special legislative oversight and public hearing on the Nigeria Extractive Industries Transparency Initiative (NEITI) oil and gas industry audit reports covering 2021, 2022 and 2023. In a notice announcing the public hearing, Ibrahim Dankwambo, chairman of the senate committee on public accounts, said it forms part of the panel’s constitutional oversight responsibilities under sections 88, 89 and 85(5) of the 1999 Constitution (as amended), as well as order 95(5)(d) of the senate standing orders, 2026. According to Dankwambo, who represents Gombe north, the audit reports submitted under the NEITI Act contain details…
The Osun Development Association (ODA) has commended the Governor of Osun State and Accord Governorship candidate, Senator Ademola Adeleke, and the Governorship candidate of the All Progressives Congress (APC), Asiwaju Munirudeen Bola Oyebamiji, for demonstrating political maturity and statesmanship during the funeral ceremonies of the late mother of the APC National Secretary, Senator Ajibola Basiru. According to the Association, the cordial interaction between leaders of different political parties is a reassuring signal that political competition in Osun State need not come at the expense of peace, mutual respect, civility and our shared values as a people. ODA noted that the…