Business
Tinubu signs executive order to end NNPC’s 30 percent oil revenue deduction
President Bola Tinubu on Wednesday, February 18, signed an executive order to end the 30 per cent deduction of oil revenues by the ...
Economy
Tinubu sign executive order to channel all oil, gas revenues directly to federation account
President Bola Tinubu has signed an executive order directing that all proceeds from Nigeria’s oil and gas sector flow directly into the Federation ...
Business
FG propose N3.6tn deduction from federation account to fund electricity subsidies
The federal government on Wednesday, February 4, proposed a N3.6 trillion deduction from the federation account to fund electricity subsidies over 2026, 2027, ...
Business
NNPCL posts N502bn November profit as gas strength offsets oil output weakness
The Nigerian National Petroleum Company Limited, NNPCL, sustained its profitability in November 2025, posting a profit after tax of N502 billion despite continued ...
Business
Tinubu cancels $1.42bn, N5.57tn NNPCL debt owed to federation account
President Bola Tinubu, on Monday, December 29, in Abuja, approved the cancellation of a substantial portion of debts owed by the Nigerian National ...
Politics
Senate rejects NNPCL’s explanation over unaccounted N210trn, demands refund to federation account
The senate has rejected the explanations offered by the Nigerian National Petroleum Company Limited (NNPCL) over an unaccounted ₦210 trillion, demanding that the ...
Business
NNPCL generates N4.26trn revenue, remits N10.07trn to federation account
The Nigerian National Petroleum Company Limited (NNPCL) generated a revenue of ₦4.26 trillion in August 2025 and remitted a total of ₦10.07 trillion ...
Business
RMAFC partners FIRS to launch revenue recovery initiative
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in partnership with the Federal Inland Revenue Service (FIRS), has launched a revenue recovery initiative ...
