Tinubu's revenue squeeze forces NNPC to sink or swim

    Oladehinde Oladipo | Editor’s picks | Feb 25, 2026    
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For decades, the Nigerian National Petroleum Company (NNPC) operated as something far more than Africa's largest state oil producer. It was a sovereign cash machine, collecting royalties, siphoning management fees, sitting atop frontier exploration funds, and remitting to Abuja only what it chose, when it chose.

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