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NUPRC Wins Big Praise For Releasing $185m Exploration Fund To NNPCL.

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According to Nivo News, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has earned widespread commendation for the transparent and timely release of the Frontier Exploration Fund (FEF) to the Nigerian National Petroleum Company Limited (NNPCL).....KINDLY READ THE FULL STORY HERE▶

In a statement on Thursday, Dr. Randy Amuche, Executive Director of the African Energy Policy Alliance (AEPA), hailed the Commission’s actions as a model of effective collaboration between regulators and industry players across the continent. He noted that the confirmation of the approval and disbursement of over $185 million and N14.9 billion to NNPCL further strengthens the NUPRC’s reputation for professionalism and transparency.

Dr. Amuche stated that the Commission’s swift clarification, which dismissed allegations of withholding the fund, reflects a maturing regulatory environment driven by evidence-based governance. He emphasised that under the leadership of Engr. Gbenga Komolafe, the NUPRC continues to uphold exemplary standards of accountability.

He pointed out that the Commission’s explanation that the FEF is managed by the Central Bank of Nigeria (CBN)—and not the Commission—demonstrates clarity and adherence to global best practices. He added that the decision to engage PwC for an independent evaluation of NNPCL’s submissions before approving payments underscores the Commission’s commitment to financial integrity.

From the initial releases of N14.9 billion and $45 million to the final tranche of $140 million approved on November 27, Dr. Amuche said the NUPRC displayed procedural discipline that boosts investor confidence, especially as African countries push to unlock new frontier basins.

AEPA further praised the effective coordination between the NUPRC and the NNPCL, describing their relationship as an example of how regulators and national oil companies should work together to advance national and continental energy goals. According to the organisation, their mutual respect for institutional roles has enabled seamless progress in frontier basin exploration.

Dr. Amuche urged other African nations undergoing petroleum sector reforms to study Nigeria’s regulatory framework, stressing that transparent and predictable institutions are essential to improving investor confidence in Africa’s energy markets. He added that the NUPRC’s handling of the FEF demonstrates how regulatory integrity strengthens the wider energy ecosystem.

AEPA also encouraged the public and stakeholders to rely on verified information and avoid unfounded claims that erode trust in public institutions. The organisation reaffirmed its support for Nigeria’s ongoing efforts to expand exploration funding, advance frontier basin development, and increase domestic reserves in line with global energy transition goals.


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Insecurity Will Soon Be Defeated, Akpabio Assures Nigerians

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Senate President Godswill Akpabio has assured citizens that the federal government will soon overcome the nation’s security challenges through a renewed, proactive strategy by security forces.....KINDLY READ THE FULL STORY HERE▶

Speaking in support of President Bola Tinubu’s Renewed Hope Agenda, Akpabio emphasized that safety is vital for economic growth, noting that no local business or foreign investor can thrive in an atmosphere of chaos. He highlighted that security agencies have transitioned from a reactive stance to taking the fight directly to the enclaves of criminals, bandits, and insurgents.

Key highlights from his address include:

  • Collective Responsibility: Akpabio stressed that military hardware alone cannot end criminality, urging citizens to partner with security agencies by providing timely and credible intelligence.

  • Economic and Banking Resilience: He declared that Nigeria’s banking sector has shifted from survival to absolute dominance, becoming one of the safest and most technologically advanced in Africa.

  • Reforms Yielding Results: He credited ongoing bank recapitalisation and financial reforms for ending the era where banks could suddenly collapse and cause depositors to lose their savings.

Ultimately, the Senate President maintained that a combination of proactive security operations, economic reforms, and civic cooperation will drive Nigeria’s path toward lasting recovery and national development.

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‘So Many In A Cell – Gov Bago Breaks Silence On Death Of 37 Miners In NSCDC Custody

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Niger State Governor Mohammed Umaru Bago has addressed the tragic deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Minna.....KINDLY READ THE FULL STORY HERE▶

  • Severe Overcrowding: Governor Bago confirmed that NSCDC holding facilities were severely overcrowded, stating that “so many [were] in a cell” designed for a much smaller capacity.

  • Potential Causes Under Investigation: While highlighting the dangerous overcrowding, the governor also pointed to possible poisoning as a contributing factor, citing the victims’ foam-filled mouths and the presence of chemical substances at the arrest site.

  • Accountability and Autopsies: The state government has suspended the NSCDC Commandant and his team. Investigations, including autopsies and toxicology reports, are being conducted by multiple agencies, including the police and DSS.

  • Call for Calm: Governor Bago ordered the closure of the mining site in question and appealed to the public to remain calm and avoid unrest as the investigation proceeds.

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“POLITICAL BLOODSHED: Notorious Gunmen Assassinate Popular Enugu Politician In Midnight Ambush!”

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Prince Ikechukwu Oloto, a well-known politician in Enugu State also known as Okanga Moo, has been brutally murdered by unknown attackers in Nsukka Local Government Area.....KINDLY READ THE FULL STORY HERE▶

  • The Attack: Oloto was reportedly ambushed and killed on Thursday evening inside his residence located in the Odenigbo area of Nsukka.

  • Confirmation: Social media influencer Sen. Chijinkem Ugwuanyi confirmed the tragic incident on Facebook, stating that the politician was brutally attacked and cut into pieces.

  • Police Status: At the time of reporting, the exact circumstances surrounding the assassination remain unclear, and the Enugu State Police Command has yet to release an official statement.

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