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Full Text: Fuel Prices and the Subsidy Question

Daily Dispatch October 8, 2026

By Professor Taiwo OyedeleHonourable Minister of Finance and Coordinating Minister of the EconomyOpeningGood afternoon, ladies and gentlemen of the press. Thank you for joining us.Today we want to speak plainly about the price of fuel. We know what it means for the commuter in Lagos, the farmer

TOP STORIES

Nigerian Govt Unveils 10-Point Fuel Price Relief Plan

Daily Dispatch October 8, 2026

The Federal Government has unveiled a 10-point intervention package to cushion Nigerians from rising petrol prices, including a 30-day discount at NNPC stations, a proposed ₦1,350-per-litre ceiling on petrol landing costs and increased support for vulnerable households and small businesses. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,

NEWS

Ogun, NNPC Partner to Revive OKLNG as $7bn Port, Marine Economy Project Takes Shape

Daily Dispatch September 30, 2026

Ogun State and the Nigerian National Petroleum Company Limited (NNPC) have opened discussions on the revival of the long-delayed Olokola Liquefied Natural Gas (OKLNG) project in Ogun Waterside, adding a major energy component to the emerging $7 billion maritime and industrial development taking shape along the state’s coastline. The development comes barely a week after

BUSINESS

NNPC Posts ₦7.2tn Profit

Daily Dispatch September 29, 2026

….Declares ₦5.8tn Dividend As Oil Output Hits Five-Year High The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a profit after tax of ₦7.2 trillion for the financial year ended December 31, 2025, representing a 33 per cent increase over the ₦5.4 trillion recorded in 2024. The company also declared a dividend of ₦5.8 […]

NEWS

NNPC, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

Daily Dispatch September 28, 2026

The Guild of Corporate Online Publishers (GOCOP) has announced the Nigerian National Petroleum Company Limited (NNPC), Nigeria LNG Limited (NLNG), Nigeria Customs Service and Dangote Group among partners for its 10th annual conference in Lagos. GOCOP Publicity Secretary, Ms Kemi Yesufu, announced this in a statement issued on Monday in Abuja. Other partners include the

BUSINESS

Photos: NNPC Retail Commissions Self-Service Smart Station in Abuja

Daily Dispatch September 10, 2026

NNPC Retail today commissioned its first technology-powered self-service smart station along Bill Clinton Drive, Airport Road, Abuja, marking a key milestone in the evolution of the Company’s retail operations. Speaking at the commissioning, Executive Vice President, Downstream, NNPC Ltd., Dr. Mumuni Dagazau, described the facility as a reflection of NNPC Retail’s