The Economic and Financial Crimes Commission (EFCC) has arrested Mustapha Abdullahi, Director-General of the Energy Commission of Nigeria (ECN), over alleged money laundering offences involving more than N500 billion.

Nigeria’s oil production rebounded in April 2026, averaging 1.663 million barrels per day (bpd) of crude and condensates, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Dangote Petroleum Refinery & Petrochemicals exported about 1.66 billion litres of refined petroleum products in April 2026, according to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that the country can no longer rely mainly on borrowing to fund development, stressing the need for a sustainable fiscal system.

Four Nigerian banks, Access Bank, Union Bank, Stanbic IBTC, and Fidelity Bank , have published details of 321,181 dormant accounts following a directive from the Central Bank of Nigeria (CBN).

Power generation companies (GenCos) have urged the Federal Government and the Nigerian Independent System Operator (NISO) to name, disconnect, and prosecute firms and individuals caught stealing electricity along the Ikorodu–Sagamu transmission corridor.