Tinubu cancels $1.42bn NNPC debt, Agbese reacts
President Tinubu cancels $1.42bn NNPC debt. Reps' Agbese links it to CEO Ojulari's transparency and record oil output. Read the full analysis.
Category : Search result: NNPC debt writeoff
NNPC remits N12.1trn, reports N502bn profit in 2025
NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.
NNPC Records N4.36tr Revenue, N502bn Profit
NNPC Ltd announces N4.36 trillion revenue and N502 billion profit for November 2025, driven by increased oil production. Discover the full financial and operational breakdown.
NNPC's Unremitted Billions: A History of Failed Accountability
Investigation into NNPC Ltd's failure to remit trillions to the federation account. Calls for transparency as corruption cripples Nigeria's development. Read more and demand accountability.
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
NNPC Debt Waiver: Only Penalties Forgiven
Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.
Group Slams FG Over NNPC's Multi-Trillion Naira Debt Waiver
CHRICED faults the Federal Government's waiver of $1.42bn and N5.57trn NNPC debt, calling it fiscally reckless and unconstitutional. Read the full details and demands for accountability.
NNPCL Cancels N4.01 Trillion Subsidy Debt
The Nigerian National Petroleum Company Limited has cleared N4.01 trillion in subsidy arrears owed by the FG after FAAC reconciliation. Discover the details and implications for Nigeria's economy.
NNPC Lists Top Assets for Sale, Opens Bidding Process
NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.
NNPC Sells Stakes in Oil Assets, Bids Open
NNPC Limited invites bids for stakes in key oil and gas assets. Registration deadline is January 10, 2026. PENGASSAN confirms the strategic divestment plan.
NNPC Fully Restores Escravos-Lagos Gas Pipeline
The NNPC has successfully restored the Escravos-Lagos Pipeline System after a December explosion. Read how this swift action secures Nigeria's gas supply for power and industry.
FG Cancels N5.57 Trillion, $1.42 Billion NNPC Debt
President Tinubu approves massive debt write-off for NNPC after reconciliation, aiming for a clean financial slate. Discover the details and ongoing revenue challenges.
AKK Gas Pipeline to Start Operations in Early 2026
Nigeria's $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline is on track to begin operations in early 2026, promising to transform energy supply and industrial growth in the north. NNPC targets $30 billion in oil and gas investments by 2030.
Debt Servicing Cripples Africa's Development - Moghalu
Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.
NNPC Boss Says Petrol Price War Will Benefit Consumers
NNPC GCEO Bayo Ojulari states the fuel price competition between Dangote Refinery and marketers is a natural market shift that will ultimately favour Nigerian consumers. Read more.
Tinubu cancels $1.42bn NNPC debt to Federation Account
President Bola Tinubu has approved the cancellation of $1.42 billion in legacy debts owed by NNPC Ltd to the Federation Account. Learn the details and implications of this major financial decision.
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
NNPC Scores Zero in ICPC 2025 Anti-Corruption Assessment
Nigeria's NNPC scored zero in ICPC's 2025 Ethics and Integrity Scorecard, ranking last among 357 agencies. This shock result raises major governance concerns despite the oil company's recent profit announcements.
Fuel Prices Crash by N153/Litre, NBS Data Reveals
Nigerians get relief as petrol prices fall by N153 per litre to N1,061.35. Dangote Refinery and NNPC drive competition, but state disparities remain high. Find out the cheapest and costliest states.
NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
PETROAN Calls for NNPC Refinery Sale by Early 2026
PETROAN urges the Nigerian government to privatise state-owned refineries by Q1 2026 to cut costs and boost efficiency. NNPC, however, is reviewing viability over an outright sale.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
OML 30 Sees Rising Production After Major Restructuring
Heritage Energy says years of restructuring and investment in OML 30 are now yielding rising production and stronger reserves. The firm prioritized long-term stability over short-term gains.
NNPC cuts petrol price by N175 in 2025, competes with Dangote
NNPC Limited reduced petrol prices by over N175 in Lagos during 2025, driven by competition from Dangote Refinery. The price now stands at N785 per litre ahead of Christmas. Read the full analysis.
Nigeria's Q2 2025 External Debt Service Hits N2.70tr
Nigeria's external debt service consumed 45.2% of Q2 2025 revenue, as total public debt stock rises to N152.40 trillion. Experts warn of exchange-rate risks and financing conditions.
Nigerian States With Lowest Petrol Prices Revealed
NBS data shows petrol prices fell 12.59% year-on-year in November 2025. See the top 10 cheapest states and the impact of NNPC and Dangote refinery price cuts.
Nigeria Aims to Resume Oil Production in Ogoniland
The Nigerian government is pushing to resume crude oil production in Ogoniland, Rivers State, marking a major shift in a long-standing dispute. Read about the new peace efforts and economic implications.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
NNPC's Oleum Promo Returns: Win Up to ₦100 Million
NNPC Retail relaunches its Oleum Scratch & Win promo with bigger prizes, including ₦100 million cash, cars, and generators. Learn how to participate from Dec 20, 2025, to March 31, 2026.
Fuel Price War: Petrol Slashed by N100 as Dangote Fights Marketers
A fierce price war erupts in Nigeria's fuel market as Dangote Refinery's free delivery forces stations to cut petrol prices by up to N100 per litre. Discover how this battle benefits consumers.
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