FG Clears NNPC’s Legacy Debts, Resets Federation Accounts Amid Deepening Revenue Strain
Nigeria’s fiscal landscape has entered a new and consequential phase following President Bola Tinubu’s approval of a sweeping write-off of legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The decision effectively wipes out the bulk of obligations accumulated over several years, closing a chapter marked by persistent […]
FG Signs MoU With Chinese Firm To Localise CNG, EV Infrastructure Manufacturing In Nigeria
written by ISAAC AGBER December 30, 2025 LAGOS – The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric vehicle (EV) infrastructure in Nigeria. The […]
Nigeria: NNPC Opens Bid to Sell Stakes in Oil, Gas Assets
The NNPC Limited has concluded plans to sell stakes in some of its oil and gas assets and has invited bids from interested parties. The general secretary of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Jerry Amah, confirmed the development to Reuters. According to Reuters, the company announced the call for bids […]