The Nigerian National Petroleum Company Limited (NNPC) reported a ₦276bn profit after tax in March 2026, more than doubling February’s earnings, despite persistent pipeline disruptions.
The United States and China are in a fresh standoff over sanctions targeting Chinese oil refineries accused of processing Iranian crude, escalating tensions between the two largest economies.
The Nigerian National Petroleum Company Limited (NNPC) has signed a new agreement with two Chinese firms to accelerate the rehabilitation and restart of the Port Harcourt and Warri refineries, nearly a year after the Port Harcourt plant was shut for maintenance.
The Tax Ombud/Chief Executive of the Office of the Tax Ombud, Nigeria, Dr. John Nwabueze, has called for strategic support from the International Monetary Fund (IMF) to strengthen the country’s tax dispute resolution framework and enhance institutional capacity.
Specifically, the chronic underdevelopment of the local government system, a tier that should be the nerve centre of citizen reality but has instead been reduced to a ceremonial appendage.
Nigeria’s dollar GDP rose by 22% to $307.5 billion in 2025, driven by stronger economic output and a firmer naira, according to a report by Quartus Economics.
