Missing N210trn: Senate dissociates itself from warrant of arrest on Mele Kyari
He argued that no committee has the authority to independently issue, authorise or execute a warrant of arrest.
NNPC’s debt waiver: Writing off accountability
Nigeria’s oil governance has again come under public scrutiny following President Bola Ahmed Tinubu’s approval of the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company, NNPC, Limited to the Federation Account. According to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, October 2025 Revenue Collection Report, […]
Tinubu ‘illegally’ wiped NNPC debts, short-changed states – ADC
THE African Democratic Congress (ADC) has accused President Bola Ahmed Tinubu of unlawfully approving the cancellation of legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, warning that the decision violates the Constitution and deprives states and local governments of revenue due to them.
NNPC monthly revenue drops 14% to N4.358trn
In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion recorded in the preceding month.
NNPC opens bid to sell stakes in oil, gas assets
The NNPC Limited has concluded plans to sell stakes in some of its oil and gas assets and has invited bids from interested parties. The general secretary of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Jerry Amah, confirmed the development to Reuters.
NNPCL targets over 2m increase in oil production in 2026
The Nigerian National Petroleum Company Limited (NNPCL) has set its crude oil production target for 2026 at more than two million barrels per day.
