We Import Petrol While Exporting Crude: A Masterclass in Economic Self-Sabotage

We Import Petrol While Exporting Crude: A Masterclass in Economic Self-Sabotage

On Monday, January 12, 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) released its latest performance data, revealing a bittersweet reality. Nigeria averaged 1.64 million barrels per day (mbpd) of crude oil and condensates throughout 2025. While this shows a slight stabilization compared to previous years of rampant oil theft, it remains well below the…

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Diri Seals ₦1.01tn Bayelsa Budget, Promises Full Implementation in 2026

Bayelsa State Governor, Douye Diri, has signed the state’s ₦1.01 trillion 2026 Appropriation Bill into law, following its passage by the Bayelsa State House of Assembly. The signing was confirmed in a statement issued on Tuesday by the governor’s Chief Press Secretary, Daniel Alabrah. Governor Diri had originally presented a budget estimate of ₦991.371 billion…

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