Author: News Room

The Nigerian oil and gas industry has frequently been in the news for various reasons. Decades before the Petroleum Industry Act (PIA) was enacted in August 2021, the country’s oil and gas exploration sector faced significant challenges due to unclear rules, changing policies and low investor confidence. This was in spite of its key role in the country’s economy. These issues reduced investment funds, delayed project execution and weakened its ability to compete in the rapidly changing global energy market. The PIA altered the narrative. It came with provisions to clarify rules, separate government roles and ensure fiscal stability. Presidential…

Kogi Central senator, Natasha Akpoti-Uduaghan, has spoken publicly after the Federal Government discontinued the criminal defamation case instituted against her. Following Wednesday’s ruling by a Federal Capital Territory, FCT, High Court striking out the suit, the senator described the decision as a validation of her stance and a reinforcement of her faith in Nigeria’s legal system. She said the outcome has strengthened her confidence in the rule of law, adding that she remains focused on representing her constituents and upholding democratic freedoms across the country. Akpoti-Uduaghan also acknowledged the support of her legal advisers, constituents, and well-wishers, thanking them for…

The Independent National Electoral Commission, INEC, has assured that the August 8, 2026 governorship election in Osun State will be conducted peacefully and will not degenerate into violence. The Resident Electoral Commissioner, REC, for Osun State, Dr Mutiu Agboke, gave the assurance on Thursday during the INEC annual New Year prayer for 2026 held at the commission’s state office in Osogbo. The assurance is coming even as INEC sets machinery in motion for the governorship election coming in August. Agboke said INEC was making extensive preparations ahead of the governorship election and cautioned against narratives suggesting that the poll would…

Some local hunters from Ogbomoso geopolitical zone in Oyo State have appealed to Governor Seyi Makinde not to exclude them from the state’s new security outfit. The hunters noted that any attempt to exclude them will not help the matter. There are five local government areas that make up of Ogbomoso geopolitical zone, which has been witnessing security challenges in the last few days as a result of kidnapping and other criminal activities. DAILY POST reports that no fewer than five forest rangers were killed at old Oyo national park located at Oloka village. Our correspondent gathered that Oyo State…

Former Nigeria coach, Sunday Oliseh, has praised Super Eagles left-back Bruno Onyeamachi for his excellent performance in the AFCON semifinal match against Morocco. Onyeamachi held off Morocco’s main threat, Brahim Diaz, who is the leading scorer in the tournament with five goals. Diaz was set to become the first player in Africa Cup of Nations history to score in six consecutive matches. The Olympiacos defender kept the Real Madrid winger from scoring and later in extra time, Diaz was replaced by Ilias Akhomach. Reacting to the game, Oliseh complimented Onyeamachi, saying the Nigerian defender did a great job matching Diaz’s…

The Peoples Democratic Party National Working Committee, led by Tanimu Turaki (SAN), has called on the Federal Government to prioritise improved welfare packages for officers and men of the Armed Forces. Turaki, in a statement on Thursday, commemorating the 2026 Armed Forces Remembrance Day, emphasised that providing sufficient support is essential for sustaining morale and enhancing national security. PUNCH Online reports that the Armed Forces Remembrance Day is observed every January 15 in honour of the sacrifices made by both fallen and serving military personnel. The PDP National Chairman called on the Federal Government to provide sufficient funding for security…

A petroleum and cooking gas filling station located along the Bukuru Expressway in Jos, the Plateau State capital, was engulfed by fire on Thursday morning, triggering panic among residents and motorists. The affected filling station, situated a short distance from the Jos South Local Government Secretariat, was reportedly ablaze with flames starting around the major underground petroleum discharge tank, raising concerns over the potential scale of damage. Eyewitnesses said there were no firefighters at the scene at the early stage of the incident, as staff of the filling station were seen making frantic efforts to contain the raging flames. “We…

The Institute of Chartered Secretaries and Administrators of Nigeria on Tuesday unveiled its 60th anniversary logo and outlined activities for its diamond jubilee celebration at the institute’s secretariat in Ikeja, Lagos. The anniversary, themed “Six Decades of Excellence: Shaping Governance, Empowering Futures”, will culminate in a grand finale in Lagos, with dates yet to be announced. Speaking at the event, ICSAN President Uto Ukpanah said the anniversary year would focus on continuity, governance impact, and stakeholder engagement. “This is our first activity for the year. Continuity is central to our vision. As the voice and hub of governance professionals, we…

The WeChat channel 纽约移民记事网Documented (or the New York Immigrant Chronicle) is part newsfeed and part public service. The channel, run by the nonprofit newsroom Documented NYC, is filled with local news for Chinese speakers in New York: stories about healthcare and immigration arrests, but also information on local events like toy giveaways, places where families can get free groceries, and affordable housing lottery listings. Followers can also contact reporters directly — to send them tips, of course, but followers also turn to Documented for essential questions: Where can I find free English classes? What should I expect at an upcoming…

India’s crypto industry is renewing calls for tax reform ahead of the country’s February Union Budget, arguing that the current framework is discouraging onshore activity as regulatory compliance requirements continue to tighten.India’s current crypto tax framework, introduced in 2022, levies a flat 30% tax on crypto gains and applies a 1% tax deducted at source (TDS) on most transactions, whether they are profitable or not. At the moment, losses from trades can’t be used to offset gains. Executives from major domestic exchanges say the existing tax regime, particularly transaction-level taxes and restrictions on loss setoffs, no longer reflects how the global…