The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigeria must immediately halt costly public rehabilitation projects and sell controlling stakes in its broken state-owned refineries to private operators, the Nigerian Society of Chemical Engineers declared on Saturday. Society president Bayo Olarewaju-Alo warned that pouring more public funds into state refiners merely delays inevitable operational collapse while burning scarce treasury reserves. State maintenance contracts…
Nigeria’s capital market regulator, the Securities and Exchange Commission, has cleared the procedural pathway for the Dangote Petroleum Refinery to offer 4.1 billion ordinary shares at N525 each. The transaction, expected to yield gross proceeds exceeding N2.1 trillion on the Nigerian Exchange, marks the largest equity flotation in African capital market history. Order books…
The House of Representatives Committee on Public Accounts has reopened one of the most familiar battlegrounds in Nigerian public finance, summoning the Nigerian National Petroleum Company Limited (NNPCL) and 146 downstream petroleum marketing firms to account for ₦432.07 billion in unpaid regulatory obligations. The disputed liabilities, tracked in successive annual reports by the Auditor-General for…
A former helmsman of one of Nigeria’s most troubled state owned refineries walked into a courtroom in Abuja on Monday to answer for how hundreds of thousands of dollars allegedly moved through his hands outside the banking system, in a case that once again places the country’s refining sector at the centre of an…
The naira era for petrol at Nigeria’s biggest refinery has come to a close. Dangote Petroleum Refinery has switched the sale of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK) to the United States dollar, ending the naira based system introduced barely twenty months ago and setting off fresh…
The long-running effort to hold someone accountable for the billions of dollars poured into Nigeria’s dead refineries reached a courtroom on Wednesday, as the Economic and Financial Crimes Commission arraigned the former Managing Director of the Port Harcourt Refining Company Limited, Ahmed Adamu Dikko, before the Federal High Court in Abuja on a 12 count…
Pressure is mounting on Nigeria’s anti-corruption agencies to unravel what became of the $1.5 billion sunk into the rehabilitation of the Port Harcourt Refinery, with a Niger Delta advocacy group now demanding a forensic look at the spending and a wider audit of the Nigerian National Petroleum Company Limited’s books. The South South Youths…
Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has described as “deeply shocking” the decision of the Senate Committee on Public Accounts to issue an arrest warrant against him over an ongoing investigation into the company’s financial records. In a letter addressed to the Chairman of the…
The Nigerian National Petroleum Company Limited has taken a formal step towards reviving its long-troubled refining infrastructure, signing a Memorandum of Understanding with two Chinese companies for a potential Technical Equity Partnership aimed at completing and operating the Port Harcourt and Warri refineries. The agreement was signed on April 30, 2026, in Jiaxing City,…
The Nigerian National Petroleum Company Limited (NNPCL) has reported a decline in oil production for February 2026, even as monthly revenues saw a modest increase. Output fell to 1.51 million barrels per day (mbpd), a notable slide from the 1.64 mbpd achieved in January. This dip highlights the persistent volatility in Nigeria’s upstream sector despite…