A Federal High Court in Abuja has sentenced former Minister of Power Saleh Mamman to 75 years in prison after convicting him of fraud and money laundering involving N33.8 billion.
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.
