Nigeria at a Critical Energy Crossroads NIGERIA may be on the verge of squandering a rare strategic advantage in the global energy market as policy failures and regulatory bottlenecks continue to limit the performance of the 650,000 barrels-per-day Dangote Petroleum Refinery, according to energy expert Abdulrazaq Hamzat. Hamzat, Executive Director of the Foundation for Peace […]
By ESTHER McWILLIS-IKHIDE NIGERIA’S capital market is bracing for one of its most significant turning points in decades as momentum grows toward the anticipated 2026 listings of Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) on the Nigerian Exchange (NGX). Analysts say the dual public offerings could radically expand the exchange, attract historic […]
By ESTHER McWILLIS-IKHIDE THE Nigerian National Petroleum Company Limited (NNPCL) is facing intense scrutiny after the Auditor-General flagged £14.3 million spent on its London office during the 2021 financial year as inadequately accounted for. The 2022 audit report raised concerns over regulatory lapses, weak internal controls, and failure to provide supporting documents for the expenditures. […]
CONFUSION has surrounded reports that Bayo Ojulari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), resigned under pressure from security agencies. Some reports suggested that operatives of the EFCC and DSS forced him to sign a resignation letter. The Presidency has denied these claims, confirming that Ojulari remains the substantive […]