BUSINESS

NNPC, Dangote Cement Partnership to Deepen Energy Security, Boost Economic Growth

Daily Dispatch February 21, 2026

The Nigerian National Petroleum Company Limited and Dangote Group have reaffirmed their commitment to a strategic partnership aimed at strengthening Nigeria’s energy security and driving economic prosperity. This renewed alliance was cemented during a high-level visit by the Group Chief

BUSINESS

Nigeria’s Oil and Gas Sector Enters a New Fiscal Era

Daily Dispatch February 18, 2026

By Olumide Bajulaiye The Nigerian oil and gas industry is undergoing one of its most significant fiscal restructurings in recent years, following sweeping directives that fundamentally alter revenue flows and operational oversight. Announced by the Presidency, these reforms have far-reaching implications for operators, regulators, and the country’s broader fiscal

BUSINESS LEAD STORY 2

Tinubu Orders Direct Transfer of Oil, Gas Revenues to Federation Account

Daily Dispatch February 18, 2026

President Bola Tinubu has signed a sweeping Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a move aimed at blocking revenue leakages, dismantling overlapping structures, and boosting funds available to the three tiers of government. The directive, signed pursuant to Section 5 of the 1999 Constitution (as […]

BUSINESS NEWS

NNPC, Seplat Announce Four-Day Maintenance on Major Gas Facilities

Daily Dispatch February 12, 2026

NNPC Ltd has announced that Seplat Energy Plc, one of its Joint Venture partners and a major gas supplier to the NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, will undertake scheduled routine maintenance on its gas production facilities from February 12 to February 15, 2026. According to a statement issued by the Chief Corporate […]

NEWS

NNPC Ltd hails Chevron on successful Awodi-07 offshore discovery

Daily Dispatch January 26, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd) has commended Chevron Nigeria Limited (CNL) on the successful drilling and evaluation of the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta. The Awodi-07 well, drilled under the NNPC Ltd/Chevron Nigeria Limited Joint Venture, forms part of ongoing efforts to further delineate

BUSINESS

CBN Projects Petrol Price Increase to N950 Per Litre in 2026

Daily Dispatch January 10, 2026

The Central Bank of Nigeria (CBN) has projected that Premium Motor Spirit (PMS), also known as petrol, could rise to around N950 per litre in 2026. The forecast is based on an average crude oil price of $55 per barrel, domestic crude production of 1.5 million barrels per day, and an assumed exchange rate of […]