Author: Prima News

By Adedapo Adesanya If Nigeria continues producing crude oil at its current pace, its proven reserves would be exhausted in about 59 years, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The regulator disclosed this on Wednesday in Abuja, as it released the nation’s official petroleum reserves position as of January 1, 2026. In a statement signed by its chief executive, Mrs Oritsemeyiwa Eyesan, the commission said Nigeria’s total oil and condensate reserves stand at 37.01 billion barrels, while total gas reserves are about 215.19 trillion cubic feet. “The Nigerian Upstream Petroleum Regulatory Commission, in keeping with its mandate, is…

An EFCC detective told the FCT High Court in Abuja on Wednesday that the redesigned currency notes the Central Bank of Nigeria (CBN) produced in late 2022 were not the versions then-President Muhammadu Buhari approved. Chinedu Eneanya said this as the seventh prosecution witness in the trial of the then-CBN governor, Godwin Emefiele, who is facing prosecution for alleged illegal redesign of the currency notes. “The president (former President Muhammadu Buhari) approved on the 11th page (of a CBN memo issued by Mr Emefiele) and directed that the design be done locally. “However, investigation showed that what was eventually produced…

The United Bank for Africa (UBA) says it has strengthened the security of transactions on its mobile application to stop fraudulent debits, unauthorised transfers and withdrawals. UBA announced this in a memo forwarded to its customers via email on Tuesday. “We are pleased to inform you that we have further strengthened the security of transactions on the Mobile App. “Updated authentication options now apply based on the value of transfers,” the memo reads in part. Securing bank accounts UBA said in the memo that it had introduced authentication options for transactions of varying amounts to detect and prevent fraud. According to the…

News » Premier League news » Manchester United newsApril 1, 2026 20:56 GMT (UK), by Sri Aswin Man Utd eyeing Dahl deal Manchester United have identified Benfica left-back Samuel Dahl as a potential understudy to Luke Shaw for the 2026/27 campaign, as per Record. The Red Devils are actively searching for a new left-back, considering Patrick Dorgu has been defensively vulnerable. He has looked more comfortable as a wide attacking player for the Mancunian giants.United were linked with Lewis Hall earlier this month, but Newcastle United are quite clear that the Englishman won’t be heading out this summer.The club are likewise looking at other…

A credit rating is an assessment of how likely a borrower, such as a government, is to repay its debt on time and in full. For sovereign states, ratings influence how much countries pay to borrow in international markets: the lower the rating, the higher the perceived risk and usually the higher the interest costs.The current system too often relies on “outdated and incomplete information”, leaving countries unfairly penalised in global capital markets, the deputy UN chief Amina Mohammed told the opening of the UN’s Economic and Social Council, ECOSOC, Special Meeting on Credit Ratings, delivering remarks on behalf of Secretary-General António Guterres.  “Adequate…

How we’re thinking about 2026 and beyond. Here’s the thing about two speeds. Over the last few years, the African tech ecosystem has been moving at a pace that feels almost contradictory: consolidation at the centre and new ideas flickering relentlessly at the edges. Capital tightened, regulation grew heavier. Scale began pooling around fewer, stronger players. Meanwhile, out past the headlines, new ideas continued to form — quieter now, less theatrical, yet persistent. If you’re only watching one speed, you’re half-blind. Technology stopped being a standalone sector. These shifts are showing up everywhere — in how people work, move money,…

President Tinubu Power Minister, Adebayo Adelabu has reportedy resigned from his cabinet.   NewsOnline Nigeria reports that Minister of Power, Adebayo Adelabu has resigned from his position to pursue his governorship ambition in Oyo State, complying with a directive from President Bola Tinubu mandating all political appointees seeking elective office to step down by March 31, 2026.   Adelabu’s resignation was conveyed in a letter dated March 26 and addressed to the President through the Office of the Secretary to the Government of the Federation, marking a key political shift within the Federal Executive Council ahead of the next election…

Planning an overseas holiday or work visit is exciting, but choosing the right insurance can feel confusing. A key decision is whether a single-trip plan or a multi-trip plan suits you better. Both offer cover for medical emergencies, trip disruptions, and other travel risks, but suit different travellers. If you want to buy travel insurance wisely, match the policy to how often you travel, how long you stay away, and what protection matters most. Ahead, you will see how each option works and which one makes better sense for your plans. What is single-trip travel insurance? A single trip policy…

A chieftain of the All Progressives Congress (APC), Femi Fani-Kayode, has said the African Democratic Congress (ADC) may struggle to present a presidential candidate recognised by the Independent National Electoral Commission (INEC) ahead of the 2027 elections. Fani-Kayode made the claim in a post shared on his X handle on Wednesday, where he criticised the internal crisis within the opposition party. “They can blow as much hot air, enlist as many big names, engage in as many photo ops, appear on all the television stations for their shallow and meaningless interviews and peddle as much fake news as they like,”…

Ahead of the 2027 general elections, a coalition of concerned stakeholders in Surulere, in Wednesday, rejected Mr Desmond Elliot’s bid for a fourth term as the lawmaker representing Surulere Constituency I at the Lagos State House of Assembly.The stakeholders, in a statement by its Spokesman, Mr Olanrewaju Badmus, said Elliot’s previous three terms were marred by dismal performance, weak policy innovation and failure to proactively address local needs.Badmus said that community leaders, youth groups, small-business representatives and civil society organisations had collectively assessed Elliot’s legislative record and found it wanting.The spokesperson for the group, speaking on behalf of the Surulere…