Domestic refineries received only 28.5 million barrels of crude oil in Q1 2026, far below the 61.9 million barrels allocated, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).  

President Bola Tinubu met with global investors in France on Tuesday, seeking to attract capital and highlight Nigeria’s ongoing reforms.  

The House of Representatives has approved a ₦479.5bn budget for the Nigerian Communications Commission (NCC) for the 2026 financial year.  

Iran has established the Persian Gulf Strait Authority to regulate maritime traffic through the Strait of Hormuz, one of the world’s most critical oil shipping routes.  

Electricity distribution companies (DisCos) have recorded improved efficiency in February 2026 but still suffered a ₦8bn revenue decline, indicating persistent weaknesses in the sector’s commercial framework.

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.