23 Aug
Atiku Abubakar Accuses Tinubu of Corporate Takeover in NNPC's Acquisition of OVH Energy
Atiku Abubakar has accused the NNPC Limited of being influenced by corporate cabals surrounding President Bola Tinubu. He claims that NNPC's acquisition of OVH Energy in 2022 was clouded with irregularities and aimed at integrating Tinubu's business interests into federal enterprises. The NNPC has denied these allegations, citing the deal's commercial viability and its own financial successes.
20 Aug
Tinubu Approves NNPC's Use of Dividends for Fuel Subsidies Amid N68 Trillion Expenditure
President Bola Tinubu has given the green light to the Nigerian National Petroleum Company Limited (NNPC) to use its dividends to cover the cost of fuel subsidies. The strategy aims to ease the financial burden on the Nigerian government, with fuel subsidies already costing the nation around N68 trillion since the current administration began.