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...

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...

The Nigerian National Petroleum Company Limited (NNPCL) spent an estimated N13.2 trillion on its three state-owned refineries between 2023 and 2024.

Nigeria may need up to $22 billion in new investments to deliver planned gas pipeline projects under the Nigerian National Petroleum Company Limited’s (NNPC) Gas Master Plan 2026, unveiled