Category : Search result: NNPC debt unconstitutional


NNPC's ₦5.4trn Profit Shows Impact of Reforms

NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.

National Debt Rises to N152.4 Trillion

Nigeria's public debt surges to N152.39 trillion as experts warn short-term investments threaten fiscal stability. State debts see historic decline. Read the full analysis.

Dangote Slashes Petrol Price to N840/Litre for Christmas

Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.

Stock Market May Reach N262 Trillion in 2026

Bismarck Rewane predicts Nigerian stock market capitalization could surge to N262 trillion next year, driven by major listings like Dangote Refinery and NNPC. Discover the growth trajectory.

Africa's $90B Debt Crisis Blocks Climate Action

African countries spent $90B on debt servicing in 2024 while climate finance falls short. G20 summit must deliver debt relief to unlock Africa's green transition and global climate security.

$300,000 Donation Sustains Cancer Treatment in Abuja

NNPC/Renaissance JV provides $300,000 to maintain radiotherapy machine at National Hospital Abuja, ensuring continuous cancer treatment for over 2,000 patients. Read how this impacts healthcare.

Tinubu Hails Ex-NNPC GMD Gaius-Obaseki at 80

President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.

Africa's $163bn Debt Crisis Needs EU Action

African leaders warn Europe must help break debt cycle as countries pay $163bn annually. Unsustainable debt hampers climate resilience and development across the continent.

Tinubu hails former NNPC GMD Gaius-Obaseki at 80

President Tinubu celebrates Dr. Jackson Gaius-Obaseki's 80th birthday, praising his transformative impact on Nigeria's oil and gas sector. Read about his legacy and NNPC's new health scheme.

Japan PM Takaichi defends $135bn stimulus package

Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.

Nigeria at Risk of Debt Crisis, Experts Warn

Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

Petrol Price Cut: NNPC Sells at N910 in Lagos

NNPC has reduced petrol prices across Nigeria, offering relief to motorists. Dangote Refinery clarifies the reason behind the price adjustment. Read for full details and state-by-state breakdown.

Senate okays N1.15trn loan for 2025 budget deficit

The Nigerian Senate has approved President Tinubu's request to borrow N1.15 trillion from the domestic debt market to fund the increased 2025 budget deficit. Read the full details and implications.

NCC Calls for Protection of NNPC's Technologies

Nigerian Copyright Commission stresses crucial need to safeguard NNPC's intellectual properties including patents and trade secrets for national development. Workshop equips staff with IP management skills.

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