Need for strategic oil reserves
By Lekan Sote If Nigeria has strategic reserves of petroleum products, it is not evident, though Google says that in 2025, Nigerian petroleum reserves, second in Africa after Libya, and…
Iran war and the economics of fuel costs
By Etim Etim We are now in the third week of the war in the Middle East, and the Nigerian economy is in trouble once again. Petrol prices are up…
Probe ₦5.9bn NNPC purported rebranding cost, SERAP urges Tinubu
The Socio-Economic Rights and Accountability Project has urged Bola Tinubu to order an investigation into the alleged spending of about ₦5.9 billion on the rebranding of the Nigerian National Petroleum…
Legal essence of Executive Order 9 on oil and gas revenues
By Tope Adebayo The decision by President Bola Tinubu to sign Executive Order 9, 2026, pursuant to Section 5 of the Constitution of the Federal Republic of Nigeria 1999 (as…
1,300 petrol: A multiplier of hardship
By Olalekan Adetayo The book of lamentation has been opened again in Nigeria. Commercial drivers are reading from it loudly. They are joined by private vehicle owners, some of whom…
Tinubu’s executive order will aid fiscal sovereignty – Agbakoba SAN
The Oil and Gas Governance Practice Group of Olisa Agbakoba Legal (OAL) has hailed President Bola Ahmed Tinubu for signing an Executive Order mandating the direct remittance of oil and…
Nigerian economy: After stabilisation, whither the path to development?
By Marcel Okeke Nigerians in the market Claims about the stabilisation of the Nigerian economy have been made ad nauseam (to an excessive degree) since mid-2025; meaning that hitherto, it…
Obi condemns ₦8tr NNPC debt write-off, warns of fiscal economic recklessness
Former Anambra State Governor and 2023 Labour Party presidential candidate, Peter Obi, has criticised the Federal Government’s approval of a nearly ₦8 trillion debt write-off for the Nigerian National Petroleum…
President And A Pardon Carried Too Far
By Jide Oyewusi Sir: The recent debt owed Nigeria by the management of the Nigerian National Petroleum Company Limited (NNPC Ltd) which the President purportedly wrote off is something Nigerians…
Court orders NNPC to disclose details of $3bn crude-for-cash loan
The Federal High Court in Abuja has ordered the Nigeria National Petroleum Company Limited to disclose details of the emergency $3bn “crude-for-cash” loan it obtained from the African Export-Import Bank.…