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●Contemplates tougher laws against crude oil theft and vandalism [Press Release] The National Assembly has strongly supported the ongoing efforts of NNPC Limited to boost Nigeria’s crude oil production and increase its reserves, saying it will consider tougher consequences for crude oil thieves and vandals of the country’s critical hydrocarbon infrastructure. The news was made public on Tuesday when the …

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The naira reversed its decline against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N1 to trade at N1,576/$1, down from N1,577/$1 recorded at the official window on Monday. The highest and lowest intraday prices recorded during the day were N1,592/$1 and N1,492/$1 respectively, indicating a narrow spread …

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The Kaduna State government has scheduled elections in 23 local government areas in the state for October 19. The chairman of the state Independent National Electoral Commission (KAD-SIECOM), Hajara Mohammed, announced the date at a meeting with political parties and other relevant individuals in Kaduna on Tuesday. Mohammed said the current board members were sworn in on November 1, 2021, …