State Seek Transparency in $8.8bn Crude-for-loan Agreements
State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, warning that opaque crude-for-loan and swap deals may be undermining inflows into the Federation Account.
Economic Confidential earlier reported that the Nigerian National Petroleum Company...
Bonga Project Approval to Unlock $20bn Oil Investments - FG
President Bola Tinubu has approved a targeted fiscal incentive package aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater project, a development expected to attract about $20bn in foreign direct investment into Nigeria’s oil and...
Senate Grills Ex-NNPC Boss Kyari Over N210trn Audit Concerns
The Senate on Thursday summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, over an alleged N210tn expenditure by the national oil company between 2017 and 2023, which...
Aliko Dangote has announced that ordinary Nigerians will be able to buy shares in the Dangote Refinery within the next four to five months, as the company prepares for listing.
NNPC Reports N5.7trn Profit, N60.5trn Revenue in 2025
The Nigerian National Petroleum Company LimitedNNPC) recorded a profit after tax of N5.76tn and total revenue of N60.517tn for the 2025 financial year, even as crude oil and condensate production declined to 1.54 million barrels per day...
