The Nigerian National Petroleum Company Limited (NNPCL) has begun moves to sell stakes in some of its oil and gas assets, a new report by Reuters has revealed.

The platform will allow individual Nigerians and businesses to retrieve their tax identification number (Tax ID) using either the National Identification Number (NIN) for individuals and the Corporate Affairs Commission (CAC) registration number for businesses.

The Nigerian National Petroleum Company Limited (NNPC) has cancelled subsidy arrears and other debts owed by the Federal Government totalling N4.01tn, following a reconciliation of accounts between both parties.

The Federal Government has approved the write-off of about $5bn in debts owed by the Nigerian National Petroleum Company Limited (NNPC),

The Port Harcourt Refining Company has been supplying diesel to fuel marketers despite being shut down for maintenance since May 24, 2025.

Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc.