Economy
I summoned courage to announce fuel subsidy removal, not included in my inaugural speech—Tinubu

The eyewitness reporter
“I brought it. I won. We must achieve it. We must change Nigeria with it and then Wale Edun and co, we started debating, putting my speech together without the question of subsidy.
“They thought it was a joke of the century until I called NNPC. We are tired of feeding smugglers, making few people rich, and subsidizing the next-door neighbor.
“I met with the President of the Benin Republic today, everybody is equal now, we are friends.
Economy
Dangote splashes N720bn on 4000 CNG- powered trucks, lifts 42m MSMEs

Economy
NNPCL raises alarm over syndicated attacks to distract leadership from ongoing reforms

Funso OLOJO
The Nigerian National Petroleum Company Limited (NNPCL) has raised the alarm over what it described as a coordinated sabotage campaign on its management.
In a statement by the management of the Corporation, the attack was being sponsored by whom it described as ‘known and faceless actors’ to distract its management from its reform agenda that is meant to rid the corporation of the endemic corruption that has eaten deep into the operations of the national oil company.
” The management of NNPCL has uncovered an emerging coordinated sabotage campaign being waged by a syndicate of known and faceless actors, both outside and within various levels of the organisation.
“This group is actively spreading lies and misinformation simply to discredit NNPC Ltd.’s leadership and derail the organisation’s ongoing transformation into a corruption-free, performance-driven energy company, in line with the mandate of His Excellency, the President of the Federal Republic of Nigeria.
“Their tactics include planting scandalous and fabricated reports, curated to distract leadership, mislead the public, and undermine the commitment of our dedicated workforce and reform-minded Nigerians.
“These are calculated efforts by those who feel threatened by reform, transparency, accountability, and change—clear evidence of the lengths to which they will go to obstruct the transformation of Nigeria’s foremost energy institution.
“We expect a surge of defamatory content in the days and weeks ahead.
” NNPC Ltd. remains undeterred. The transformation is underway, and no amount of sabotage will stop it.
“We urge our dedicated staff, stakeholders, and all patriotic Nigerians to stay focused, ignore the noise and not be discouraged. We remain on mission.
It could be recalled that after the removal of Mele Kyari as the Group Managing Director of the NNPCL, the new management uncovered an homonguous scale of misappropriation of public funds running into billions of dollars which led to the sack of some of the senior staff, including the Managing Directors of the State- owned Refineries.
The investigation launched into the financial recklessness of the past administration of the NNPCL involved the sum of $2.96billion.
In May,2025, the Economic and Financial Crimes Commission(EFCC) detained Mr Kyari over the investigation.
The anti- graft agency also uncovered a staggering N80 billion in multiple bank accounts belonging to one of the sacked Managing Directors of the Nigerian National Petroleum Corporation Limited (NNPCL) refineries.
The discovery was part of an ongoing investigation into the alleged misappropriation of $2.96 billion for refinery rehabilitation.
It could also be recalled that the anti-graft agency arrested former managing directors and senior officials of the three major state-owned refineries, including Port Harcourt Refining Company (PHRC), Warri Refining and Petrochemical Company (WRPC), and Kaduna Refining and Petrochemical Company (KRPC).
Also recall the new NNPCL management had also fired the Managing Directors of the three refineries under its purview
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