Monday, February 16, 2026
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Economy

NNPC Limited: Early Signals from the Kida–Ojulari Era 

As a non-executive chairman with decades of industry experience, Engr. Kida’s influence lies less in operational detail and more in direction-setting and discipline. The reconstituted board signals a renewed emphasis on corporate governance, professionalism and alignment with the spirit of the PIA, that NNPC Limited should operate as a business, not a government department. 

Dangote Refinery to Supply 1.5 Billion Liters of Petrol Monthly

According to the letter signed by the refinery’s Chief Executive Officer, David Bird, the facility will supply 50 million liters of PMS per day in December 2025 and January 2026, with volumes expected to rise to 1.7 billion liters per month (57 million liters/day) from February 2026.
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NNPC Limited Posts Record ₦5.4 Trillion Profit as New Management Pushes Bold Strategic Agenda 

The company reported total revenue of ₦45.1 trillion, a performance the GMD described as “a defining milestone in the history of our new company” and a strong validation of the corporation’s current strategic direction. 

Dangote Criticizes Union Motives Amid Strike Threats 

Dangote Petroleum Refinery further challenged PENGASSAN, TUC, and affiliated organizations—including NUPENG—to publish their financial records. The company argued that there has been little accountability regarding how unions manage the funds collected from workers. “Meanwhile, none of these unions—PENGASSAN, TUC, NUPENG, and its other unnamed co-travellers—bother to give an account to their members and the Nigerian public of these monthly check-off dues. We only see the proof of these check-off dues’ payments in their lavish and opulent lifestyles,” the refinery stated. 

Tinubu’s Economic Reforms Show Results 

Reactions to the reforms have been cautiously optimistic. While some Nigerians express concern over the short-term hardships, many acknowledge the potential for long-term benefits. International partners continue to signal support, with several pledging increased investment in Nigeria’s growing technology, manufacturing, and energy sectors. 

Dangote Refinery Rejects N1.5 Trillion Subsidy Demand from Marketers 

Dangote Refinery emphasized that it has no intention of raising its gantry price to accommodate such demands or paying a subsidy of N1.5 trillion. The company also denounced the practice of fuel subsidies, which it said had resulted in significant financial losses for the Federal Government in the past. The refinery urged marketers to take advantage of its “logistics-free” initiative by lifting products directly from its gantry, without incurring extra charges. 

How the FG Plans to Sell NNPCL Equity and Why Nigerians Should Oppose it – CPF  

The CPF then called on all Nigerians to defend the nation’s interests, insisting that these assets should not be “traded away behind closed doors for the benefit of a few.” The group urged citizens to stand up in protection of resources that belong to the people and have sustained the country since the discovery of crude oil. 

Atiku Urges FG Not to Rush PIA Amendment 

Atiku said: “The Petroleum Industry Act was enacted to bring clarity, accountability, and investor confidence to a sector long plagued by opacity. Any attempt to amend its core provisions must be approached with caution and broad stakeholder engagement.”