Business
NUPRC and NRS Collaborate to Boost Oil Revenue Collection
NUPRC and NRS launch collaboration to strengthen oil and gas revenue collection under new 2026 tax laws
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigeria Revenue Service, NRS, have announced a strategic collaboration aimed at enhancing federal revenue collection from the oil and gas sector.
Also read: NUPRC dismisses oil block licensing irregularity claims, assures transparency
The announcement followed a meeting between NUPRC Chief Executive, Mrs. Oritsemeyiwa Eyesan, and NRS Chairman, Mr. Zacc Adedeji, at the agency’s headquarters in Abuja.
The engagement marked part of Mrs. Eyesan’s initial outreach to key stakeholders since her appointment as NUPRC Chief Executive last month.
According to Mr. Eniola Akinkuotu, Head of Media and Strategic Communications at NUPRC, the agencies are expected to work closely under the new tax laws, which came into effect on January 1, 2026.
The collaboration is designed to ensure more efficient revenue collection from Nigeria’s upstream petroleum sector.
During the meeting, both regulators agreed to harmonise their processes and share relevant data to meet the government’s revenue targets.
Mrs. Eyesan emphasised that the joint effort would strengthen compliance and support national development objectives.
Mr. Adedeji highlighted that enhanced coordination between NUPRC and NRS would reduce inefficiencies in revenue mobilisation while fostering transparency in the sector.
Also read: Nigeria launches $10bn petroleum licensing round to boost production
Officials said the collaboration would also involve regular stakeholder engagement and the use of digital tools to monitor compliance, reflecting a commitment to modernising regulatory oversight and financial accountability.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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