Nigeria’s govt says the nation’s oil Reserve can still last for the next 59 years while the gas can serve for 85 years. The Nigerian Upream Petroleum Regulatory Commission (NUPRC) confirmed this in its latest update estimated the nation’s 2P Crude Oil and Condensate reserves at 37.01 Billion Barrels as at January 2026, reports Daily [&he...
Two indigenous firms based in Port Harcourt, ELC Oil and Gas Services and Chiefest Nigeria Limited, have threatened to stage a large-scale protest over the alleged nonpayment of more than ₦1 billion for contracts executed in 2024. The companies lamented that the prolonged delay in payment has taken a severe toll on their operations and [&helli...
The Nigeria stock market traded cautiously last week, even as investors sustained the ongoing rally. Consequently, despite the shortened trading days of the week due to the Easter holidays, capital appreciation reached over N837 billion on the Nigerian Exchange Limited, NGX, reports Vanguard. The NGX market capitalisation, which represents the...
•Tinubu and foreign loans The federal government has increased its planned borrowing for 2026 by N11.31 trillion to N29.20 trillion, from an earlier projection of N17.89 trillion contained in the 2026 Abridged Budget Call Circular issued in December 2025. The hike is contained in the 2026 Appropriation Bill, approved by the National Assembly, ...
A lawyer, Dr Sheriff Adesanya, has sued Air Peace Limited at Federal High Court in Lagos over a “seat-only” business-class upgrade policy allegedly operated by the airline. The suit, FHC/L/CS/364/2026 and pending before Justice Chukwujekwu Aneke, raises questions about airline transparency, passenger rights, and consumer protection in aviation...
•Roadside food market in Nigeria The European Union (EU) has raised concern over Nigeria’s growing food waste crisis, revealing that the country loses an estimated 38 million tonnes of food annually, more than any other country on the African continent. Speaking in Abuja during the commemoration of this year’s International Zero Waste Day, the...
Collection of mineral royalties from mining sector operators across the country will henceforth be the responsibility of the Nigeria Revenue Service (NRS), while the Ministry of Solid Minerals Development will continue its technical and regulatory oversight on the sector. This was the outcome of a meeting between the Minister of Solid Minerals...
Fresh tension is brewing in Nigeria’s oil and gas sector as oil workers have shut down the operations of Seplat Energy Plc across multiple locations nationwide. It was gathered the total shutdown, which began today, followed a directive by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, for an immediate withdrawal...
Egg production in Nigeria is coming under increasing threat as the price of day-old chicks (DOCs) surges to as high as N3,000, forcing many poultry farmers to scale back or delay restocking and raising concerns over looming supply shortages, Daily Independent gathered. Stakeholders in the poultry industry warn that the surge in prices could si...
•Aliko Dangote Officials of the Dangote Petroleum Refinery are unaware of claims that seven crude cargoes have been allocated to it in May by the Nigerian National Petroleum Company Limited. Senior officials at the refinery told our correspondent that, although talks were ongoing with the NNPC, they could not confirm an increase in the refiner...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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