The House of Representatives Public Accounts Committee has given NNPCL a final December 15, 2025 deadline to respond to 2021 audit queries, citing repeated non-appearance and incomplete documentation.
Lawmakers warned that continued disregard for oversight could trigger stronger legislative action as scrutiny of national oil-sector governance intensifies.
2025-12-08
The Nation
2025-12-08
The Nigerian Upstream Petroleum Regulatory Commission says it has released significant dollar and naira sums to NNPCL linked to sector obligations and upstream administration. The disclosure appears aimed at clarifying financial flows within the post-PIA governance framework.
Stakeholders are expected to weigh the statement against wider remittance, audit and operational transparency expectations in the oil and gas sector.
2025-12-09
The Nation
2025-12-09
The Federal Government has reportedly reduced the entry cost for oil blocks in the 2025 bid environment, positioning the move as a way to expand participation and encourage indigenous operators.
Industry watchers say the policy’s impact will depend on transparent timelines, credible financing frameworks and stable regulation to convert interest into development.
2025-12-09
Punch
2025-12-09
Nigeria’s upstream regulator has outlined new financial thresholds for the 2025 licensing round, with higher benchmarks for deep offshore bidders and lower requirements for onshore/shallow water participation. The guidance also allows alternative proofs of financial capacity.
The government also signalled reduced signature-bonus expectations, a move intended to broaden participation and stimulate investor interest.
2025-12-08
The Nation
2025-12-08
The Nigeria Labour Congress has announced a nationwide protest for December 17, 2025, citing escalating insecurity and renewed fears around school abductions. The decision followed an NEC meeting in Lagos.
Labour leaders warned that failure to address security lapses could lead to broader industrial actions, urging citizens to support calls for stronger protection of vulnerable communities.
2025-12-08
Vanguard
2025-12-08
A Federal High Court in Abuja declined an ex-parte request by Nnamdi Kanu seeking transfer from Sokoto Correctional Centre to a facility closer to Abuja or Nasarawa. The judge held that the government and corrections authorities must be heard first.
The case was adjourned with a directive that the request be brought by motion on notice, keeping Kanu’s custodial location unchanged for now.
2025-12-08
The Nation
2025-12-08
Burkina Faso reportedly compelled a Nigerian Air Force C-130 carrying 11 soldiers to land after alleging unauthorised airspace entry. The incident has raised fresh diplomatic and security sensitivities in the region.
The episode comes amid heightened Sahel-coastal tensions and underscores the importance of clear overflight protocols in West African security coordination.
2025-12-09
Punch
2025-12-09
Adekunle Ajasin University has offered graduate assistant appointments to 32 first-class graduates, subject to post-NYSC return and institutional conditions. The university framed the move as recognition of excellence and a talent-retention strategy.
The development highlights an emerging trend of fast-tracking outstanding alumni into early academic-career roles.
2025-12-09
Punch
2025-12-09
The Federal Government has unveiled a Student Venture Capital Grant offering up to ₦50 million in equity-free support for qualifying tertiary students. The initiative is designed to drive campus innovation, prototype development and startup scale.
Applications reportedly opened in mid-November 2025 and close January 23, 2026, with implementation involving education agencies and development-finance partners.
2025-12-08
The Nation
2025-12-08
The Federal Government has directed ministries, departments and agencies to stop accepting physical cash for revenue payments and migrate to approved electronic channels, including POS solutions. The policy is aimed at improving revenue transparency and reducing leakages.
The directive is expected to reshape how citizens pay for federal services and strengthen the Treasury Single Account-driven collections framework.
2025-12-08
Punch
2025-12-08
