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Lagos, April 30, 2026 – In keeping with its commitment to impact positively on the lives of Nigerians, NNPC Limited has inaugurated and handed over three units of 100-bed capacity wards it rehabilitated as part of its Corporate Social Responsibility to the management of the National Orthopedic Hospital, Igbobi, Lagos. The intervention carried out by the NNPC Foundation Ltd./Gte., the Corporate Social Responsibility arm of NNPC Limited, involved the rehabilitation and upgrade of Wards G, H, and J, complete with the installation of new beds and the introduction of a …

Abuja, April 30, 2026 – President Bola Tinubu has sacked Saidu Mohammed as the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Bayo Onanuga, a Presidential Spokesman, announced this in a statement on Wednesday. The statement said the removal of Mohammed was in the public interest. The presidency has also announced the nomination of Rabiu Abdullahi Umar as the new Chief Executive of the NMDPRA. The appointment is subject to Senate confirmation. The statement said the decisions were to strengthen regulatory effectiveness in the midstream and …

By Chika Chukwudi  Lagos, April 30, 2026 – The long-anticipated disbursement of Nigeria’s Cabotage Vessel Financing Fund (CVFF) marks a defining moment for the nation’s maritime sector. Approved by President Bola Ahmed Tinubu GCFR, the release of the fund signals more than policy execution it reflects a strategic effort to reposition Nigeria as a formidable maritime nation by empowering indigenous shipowners.  Established under the Cabotage Act and administered by the (NIMASA), the CVFF was conceived as a revolving fund to provide financial support for vessel acquisition, thereby strengthening local participation …

Lagos, April 30, 2026 – The Nigerian currency, the naira, appreciated slightly at the official foreign exchange market on Wednesday, closing at N1,365 to the dollar. The currency had appreciated from N1,383 to the dollar which it closed on Tuesday. Bid rates offered by dealers in the market on Wednesday ranged between N1,386 and N1,379.4605 to the dollar. Meanwhile, the naira is being traded at the black market in Lags at between N1,290 and N1,395 to the dollar.

Singapore, April 30, 2026 – Brent oil prices rose as much as 7% on Thursday on a report the U.S. is considering potential military action against Iran to break the deadlock ‌in negotiations to end the war, increasing concerns of more supply disruptions to already curtailed Middle East exports. Brent crude futures for June rose $6.81, or 5.8%, to $124.84 a barrel as of 0527 GMT, after gaining 6.1% in the previous session. The June contract, up for a ninth day, expires on Thursday and the more active July contract was …

Abuja, April 29, 2026 – The Senate has confirmed the appointment of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN). The Senate confirmed the appointment on Wednesday after he was cleared by the Senate Committee on Banking, Insurance and Other Financial Institutions in its report. Adetokunbo Abiru, the Chairman of the Committee, while presenting the report, said the committee found Yuguda duly qualified for the position based on his qualifications and experience as required by the CBN Act. Godswill Akpabio, the Senate President, later put the …

Lagos, April 29, 2026 – Fidelity Bank Plc, a leading financial institution, has extended its flagship women empowerment programme, “Give Her Power”, to Ikorodu, Lagos State, empowering over 30 women with vocational tools to support their businesses and improve household income. The Ikorodu outreach, which marks the third phase of the Initiative’s nationwide rollout, saw the distribution of 12 sewing machines, 15 grinding machines among other items, to beneficiaries drawn from Ikorodu Central, Ikorodu West, and Ikorodu North Local Government Areas. Speaking at the event, Fidelity Bank’s Regional Bank Head, …

Washington, April 29, 2026 – U.S. ​President Donald Trump met with top officials from Chevron and other ‌energy companies on Tuesday to talk about steps that could be taken to calm oil markets if it is necessary to continue the blockade of Iranian ports for months, a White ​House official said on Wednesday. The talks centered on U.S. oil production, ​oil futures, shipping and natural gas, the official said. Chevron’s spokesperson said ⁠its CEO Mike Wirth attended the gathering to discuss global oil markets, ​which have been roiled by the U.S.-Israeli …

Abuja, April 29,2026 – The Nigerians in Diaspora Commission (NiDCOM) has called on the South African government to protect Nigerians and black immigrants in South Africa, expressing deep concern over the worsening persecution of black immigrants in parts of South Africa. Abike Dabiri- Erewa, the Chief Executive of NiDCOM, made the call in a statement on Wednesday. She said that while many had expected a de-escalation of tensions following earlier engagements between both governments, the situation on the ground is deteriorating. She said reports reaching the Commission indicated that pupils …

Abuja, April 29, 2029 – Nigeria has increased its oil production to 1.71 million barrels per day between April 2025 and April 2026. This is the highest oil production level recorded by the country in the last five years. The Nigeria National Petroleum Company Limited (NNPC) disclosed this in its One Year Mandate Report Summary, posted on X by Group Chief Executive Officer, Bayo Ojulari. According to the report, the company’s upstream subsidiary, NNPC Exploration and Production Limited, has also recorded an all-time peak production of 565,000 barrels per day …