Chevron Nigeria Limited has confirmed the discovery of hydrocarbons at the Awodi 07 appraisal well in the western Niger Delta. Chevron drilled the Awodi 07 […]
Breaking:
Main News
Editor Pick
Tinubu Sets Up Presidential Task Force On Petroleum Reform The Taskforce is to operate as a technical reform body rather than a representative committee. By Nosakhale Akhimien Updated March 13, 2026 Tinubu President Bola Tinubu Credit: X/@aonanuga1956 President Bola Tinubu has approved the establishment of a Presidential Petroleum Reform and Value Optimisation task force to design and implement the next phase of structural reforms in Nigeria’s petroleum sector. This was disclosed in a statement issued on Friday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. Advertisement The task force will be chaired by Fola Adeola, co-founder of Guaranty Trust Bank and founder and chairman of Fate Foundation. As chairman, Adeola will coordinate the group’s activities and ensure the timely delivery of its mandate. Other members of the task force include Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye, and Seyi Bella, while Mofoluwasho Fadayomi will serve as secretary. Onanuga noted that the task force is a time-bound, high-level executive working group mandated to produce execution-ready reform blueprints aimed at consolidating ongoing reforms, unlocking capital within the petroleum sector, and strengthening Nigeria’s position as a leading global energy investment destination. READ ALSO: FG Begins Implementation Of Policy On Cosmetics Safety, Health Advertisement The task force will operate as a technical reform body rather than a representative committee, he said. It will engage industry operators, regulators, investors, and civil society organizations as consultees while focusing on actionable policy design and implementation strategies. The task force will report directly to the President and provide monthly progress memoranda. An interim report is expected after three months, while the final report will be submitted within six months of its inauguration. Onanuga stated that President Tinubu expects the group to deliver three key reform blueprints. Advertisement The first is an Implementation Toolkit for Immediate Structural Fixes, which will include draft legislative amendments, executive instruments, and proposals for institutional restructuring. The second deliverable is the Capital and Liquidity Acceleration Blueprint, aimed at unlocking between $5 billion and $10 billion in sectoral liquidity while safeguarding Nigeria’s sovereign interests. The third blueprint will focus on a National Energy Transformation Strategy, a ten-year roadmap with measurable targets for production, foreign exchange earnings, contribution to gross domestic product, and cost competitiveness. The President has also directed all Ministries, Departments, and Agencies, regulators, and other relevant institutions to provide full technical support to the task force and submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework. Advertisement He directed all existing committees, teams, and working groups established under various reform initiatives within the sector to align their activities, reporting structures, and work programmes with the new task force. President Tinubu further directed that all relevant documentation, institutional knowledge, and ongoing workstreams be made available to the task force to support the development and implementation of a comprehensive reform framework. The task force will automatically dissolve upon the submission and acceptance of its final report.
- Mary.Ib.Blq
- 14/03/2026
- 0
Featured
View All
Focus News
View AllReality Check
View AllStory Stream
View AllJobs
View AllMshel Homes Senior Site Engineer Abuja 2026: Powerful Career Opportunity
- Mary.Ib.Blq
- 13/03/2026
- 0
Mshel Homes Senior Site Engineer Abuja 2026 is attracting attention from construction professionals seeking senior-level opportunities in Nigeria’s real estate and infrastructure sector. The Abuja-based role offers experienced engineers the chance to manage construction sites, supervise project execution, and ensure…
Integrated Health Care Locum Marketing Officer Abuja 2026: Surprising Career Opening
- Mary.Ib.Blq
- 13/03/2026
- 0
Integrated Health Care Locum Marketing Officer Abuja 2026 is drawing attention among early-career marketing professionals seeking opportunities within Nigeria’s healthcare and health management organization (HMO) sector. The Abuja-based role offers candidates with marketing or communications backgrounds the chance to contribute…
FairMoney Wealth Manager Abuja Job 2026: Surprising Career Opportunity
- Mary.Ib.Blq
- 13/03/2026
- 0
FairMoney Wealth Manager Abuja job 2026 is gaining attention among finance professionals seeking career growth in Nigeria’s expanding digital banking sector. The financial technology company, known for its mobile banking services across emerging markets, is recruiting an experienced wealth manager…
Storekeeper Job at UNICCON Group of Companies in Kano Nigeria
- Mary.Ib.Blq
- 12/03/2026
- 0
Storekeeper Job at UNICCON Group of Companies is currently open for qualified candidates interested in warehouse and inventory management roles in Kano, Nigeria. The company is inviting applications from individuals with record keeping skills and experience handling goods within warehouse…
Entertainment
View AllJR Pont Neuf Cavern Installation to Transform Paris Oldest Bridge
- Mary.Ib.Blq
- 23/02/2026
- 0
JR Pont Neuf Cavern Installation is set to transform one of Paris most historic landmarks…
Prince and Princess of Wales BAFTA 2026 Appearance Captures Global Attention
- Philo.Ib.Blq
- 22/02/2026
- 0
Prince and Princess of Wales BAFTA 2026 appearance became one of the most talked about…
Celtic VAR Controversy Dominates After Hibernian Defeat
- Philo.Ib.Blq
- 22/02/2026
- 0
Celtic VAR controversy has become a major talking point following Celtic’s dramatic 2 to 1…
Arsenal Premier League title prediction after dominant Tottenham victory
- Philo.Ib.Blq
- 22/02/2026
- 0
Arsenal Premier League title prediction discussions have intensified following Arsenal’s commanding victory over rivals Tottenham…
Inside Africa
View AllMusic
View AllWhite Money Proposal Trends After Romantic Engagement Moment
- Blaqloaded
- 13/02/2026
- 0
White Money Proposal is currently making headlines after the Big Brother Naija star reportedly proposed to his longtime girlfriend in a private and emotional setting. Photos and short clips from the engagement quickly went viral, generating thousands of reactions from…
Bad Bunny Celebrates Puerto Rico at Super Bowl Halftime Show, Sparks Trump Criticism
- Philo.Ib.Blq
- 09/02/2026
- 0
Puerto Rican superstar Bad Bunny delivered a high-energy, culturally rich performance during Sunday’s Super Bowl halftime show, turning the event into a vibrant street-party celebration of his heritage. The performance featured surprise appearances by Lady Gaga and a tribute from…
“I Don’t Go to Club Anymore”: Davido Opens Up on How Marriage to Chioma Transformed His Lifestyle
- Philo.Ib.Blq
- 03/02/2026
- 0
Davido Says Marriage to Chioma Changed His Lifestyle Nigerian Afrobeats star Davido has shared how marriage to his wife, Chioma Adeleke, has brought a major shift to his daily routine and social life. The singer said he no longer spends…
Lil Kim then and now: The rapper’s transformation and shift in career
- Philo.Ib.Blq
- 03/02/2026
- 0
Lil Kim Then and Now: The Rapper’s Transformation and Career Shift The contrast between Lil Kim then and now highlights one of the most talked about transformations in hip hop history. From her rise in the 1990s with a natural…
Tech World
View AllSocial Media Growth Strategies in 2026
- Blaqloaded
- 08/03/2026
- 1
Social media growth is one of the most searched digital marketing topics as millions of…
AI Tools Making Money Online in 2026
- Blaqloaded
- 08/03/2026
- 0
AI tools making money online has become one of the most searched topics globally as…
Global Cybersecurity Threats 2026: Rising Cyber Attacks and Online Security Risks
- Blaqloaded
- 06/03/2026
- 0
Global cybersecurity threats 2026 are becoming a major concern for governments, companies, and internet users…
Global Food Prices 2026: Why Food Costs Are Rising Worldwide
- Blaqloaded
- 06/03/2026
- 0
Global food prices 2026 have become a major concern for governments, economists, and consumers as…
The Dispatch
View AllFollow Us On:
73-Year-Old Pastor Dies in Fire Accident in Ilorin, Kwara State
- 26/01/2026
- 0
A 73-year-old pastor, identified as Pastor Awolola, died on Monday after a fire broke out in Ilorin, Kwara State. The incident happened around 11:58 a.m. […]
What the US National Defense Strategy Means for South Korea
- 26/01/2026
- 0
The Donald Trump administration’s National Defense Strategy (NDS) signals significant changes for the US-South Korea alliance. The Department of Defense document outlines a shift toward […]
UAE Says It Will Not Support Attacks on Iran
- 26/01/2026
- 0
The United Arab Emirates has confirmed it will not allow its airspace, territory, or waters to be used for attacks on Iran. It also said […]
Airports Implement COVID-Style Health Checks Amid Nipah Virus Outbreak
- 26/01/2026
- 0
Airports across Asia have reintroduced COVID-style health screenings after cases of the deadly Nipah virus were detected in West Bengal, India. The virus, which can […]
Lagos Street Sweepers Reveal Daily Harassment and Unsafe Working Conditions
- 26/01/2026
- 0
Street sweepers working for the Lagos Waste Management Authority (LAWMA) have spoken out about persistent harassment, unsafe working conditions, and public hostility while keeping Lagos […]
Air Peace & Emirates Sign Major Interline Agreement to Boost Travel Connectivity
- 26/01/2026
- 0
Emirates, Air Peace sign interline deal to expand air connectivity Emirates and Air Peace have signed a bilateral interline agreement. The deal will expand air […]
Ebonyi PDP zonal vice chairman defects to ADC
- 26/01/2026
- 0
The former zonal vice chairman of the Peoples Democratic Party (PDP) for Ebonyi Central Zone, Mr. Kevin Chukwu, has resigned from the party. He has […]
Nigeria’s Industrial Growth Depends on Strong Business Succession
- 26/01/2026
- 0
Nigeria’s industrial growth depends on business succession Nigeria’s industrial and economic growth will remain fragile unless businesses survive beyond their founders. Industry leaders say intentional […]
Naira Slides as External Reserves Rise to $46bn
- 26/01/2026
- 0
The naira weakened against the US dollar at Nigeria’s official foreign exchange window on Friday. This happened despite a modest increase in the country’s external […]
