Archived edition · 19:19 Lagos
Wednesday 30 September
- New articles analysed in today’s runs
- 31
- High-risk articles today
- 2
- Board appointments today
- 2
- Contract awards today
- 7
Key Developments
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NNPCL Financials
The Nigerian National Petroleum Company Limited reported a profit of N7.2 trillion for 2025, despite a 24% decline in revenue to N34.5 trillion ([theeagleonline.com.ng](https://news.google.com/rss/articles/CBMilAFBVV95cUxPcVdkTDNrS3JxaERMb1RRWWlkZ2k5ZkF1TkE3UG5INmhwWVNrQ0ljdzNWaEh5ZVI3bTA1V1lHYW5uQ1ZlU3ZuTnprMS04VTBMNUx1cXk1cjdMTzRXVElNQjBDWXNZX3daRnFaaXJRMXQwNHNTZjJDdXlSX0pQZ1p1M0xGNXN6NFhqeHNGdzBnTjFXYnUz?oc=5)).
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Energy Infrastructure
The Federal Government has broken ground on a new National Control Centre to improve electricity grid reliability ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOS0ZhTGVnUTdoZko3Vkk4aU9mYXFSYTNaemZnazdPTk1aZzhFdzhWOF9wTEViV0M4R05oRE9BMmE0azlNUGs2ZllaaGJCNFdveEV6czRXVWZ4TTFMMDNSeC05Vk95cGdIV2Z3V2VNS2JGMlBGZjlaRkk5MHdJSjU0NENuUTY3cmxhbDlwaDRHWDYwYVNYTG1IZjhxVHh4eUNPa3VoN0lyYnBNVlNZVTJCODdVMGxMajdFUlJ6V2UyalhhSEhGdnFGYnQzMDhUTG5ZcVg0Y3ZOMVNNSVZJ?oc=5)).
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Dangote Expansion
Aliko Dangote is planning Africa's largest IPO for the Dangote Refinery, targeting 10 million investors ([OilPrice.com](https://oilprice.com/Latest-Energy-News/World-News/Dangote-Targets-10-Million-Investors-in-Africas-Biggest-IPO.html)).
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Oil Production
The Federal Government reports that indigenous operators now produce 50% of Nigeria's total oil output ([Vanguard News](https://news.google.com/rss/articles/CBMilgFBVV95cUxQclJLU2NKNk1oWW12M0xHSkdQYVYyUU82MUtES0N3MmlncUJDMDliU1l2a3pzaWw1ZHFrR2Q3djRoOW1Wb3VsTE5WMC1CNGtoSGVuOGc3TUdBRXoyd3Z5MnFCdVo2TkhsQWZXeDVVTmlUaS1ZWVV5V0hZUTA3ekZBWkNwSjh4QUYxRUdpYTFlMk1XTVBaWmfSAZsBQVVfeXFMTTZrVHdkOWVsdjR5VnBhTmJ2NGJfbkZBY2c3QVhnLURoSkpmcExRcGVndVBUMGdqa2xZUE1PMlN4QW4takFiTjdEcTNoRDVicjMwMkoycmR4RU9rY19zWkE1U3ZjeTRNOEtBSXppckE2Wmx6alUwOUYtZWNKVlZBZTlEMG1uTTZ5QkRzaW5iRktkWks4WWd5ay1MaHM?oc=5)).
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Monetary Policy
The CBN sold N4.69 trillion in OMO bills, more than double the maturing amount ([nairametrics](https://nairametrics.com/2026/09/30/cbn-sells-n4-69-trillion-omo-bills-more-than-double-n2-43-trillion-maturing-same-day/)).
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Other News
General government activity includes new attack helicopter procurements from the US, FCTA hospital renovations, and the appointment of a new Customs Controller for Apapa.
High Risk Alerts
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Political Exposure & Land Acquisition
The son of FCT Minister Nyesom Wike is embroiled in a $2.1 million land acquisition case; the use of an American passport has raised legal concerns regarding nationality and land ownership eligibility ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNYVE5dDBxWmJ2ZGtFRmEwTFVPM1IzSGFyY1RkUXd6QUg5MnU1ZkFWM1Vpa2VyWlF2YnVJM2syc0dNekNzQXhLbE5rMHlRalJNSGlKQjY5cUlVbWVvMS00Tjc4QTlITlVraFl0RXhkLUZBUncwMTlXUWx4dy0yVlN1NXQzcXpTZ2o5UFJzZnl5WGdrM0FwTEo3XzhWZDNPLUdCSWhtaVdIUUx0Y01kOHhNSXdiVkFPa1ZCdlRnOHM4NWktbUtWQ0hSSFZobXVHNXM1TnFweVNrajZZY3JtVUJocUQ2SmpYdw?oc=5)).
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Government Fraud
The Federal Government has arraigned an individual named Adeyemi on charges of forgery and impersonation linked to a fake federal agency scandal ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPQmgwYTRaa21YR2tCaGVQaHR4TXFoWGs0cVh4TDRaMmxxYlBHVlJRcXhLcWVHX1dzVVQzM2dqWjg3N3pfNGRBRC1ZN2VYTXpYVEpHYml4MDMyVGxrY1lDOGx5YlNCTlA1RU5LOHM0QXl3LTV3cVctMUlLX_enC0g5VMsrbS_DGo4nFHWXtrnU1j58H-FEfszcTwNgrOMK4OQh9NKmHjLXhyPoqARUs4RRB7N1Pdfy0LfW7-jS_YuRbY_kB-0ig?oc=5)).
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Financial Impropriety
NASENI is defending a N10.6 billion mobilisation payment to CGC Nigeria Limited amidst allegations of financial mismanagement ([The Punch](https://punchng.com/naseni-defends-n10-6bn-mobilisation-payment-to-firm/)).
Beneficial Ownership & PSC Disclosures
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Aliko Dangote
Holds significant influence or control over Dangote Refinery (Percentage not disclosed; PEP Status: No; Regulatory filing: Pending/Not provided) ([OilPrice.com](https://oilprice.com/Latest-Energy-News/World-News/Dangote-Targets-10-Million-Investors-in-Africas-Biggest-IPO.html)).
Procurement & Board Changes
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NASENI
Disbursed a N10.6 billion mobilisation payment to CGC Nigeria Limited for an infrastructure project ([The Punch](https://punchng.com/naseni-defends-n10-6bn-mobilisation-payment-to-firm/)).
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FCTA
Approved the renovation of 14 general hospitals, including the revival of the abandoned Utako General Hospital ([The Punch](https://punchng.com/fct-to-revive-abandoned-utako-general-hospital/)).
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Federal Government
Initiated the construction of a new National Control Centre to strengthen the electricity grid ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOS0ZhTGVnUTdoZko3Vkk4aU9mYXFSYTNaemZnazdPTk1aZzhFdzhWOF9wTEViV0M4R05oRE9BMmE0azlNUGs2ZllaaGJCNFdveEV6czRXVWZ4TTFMMDNSeC05Vk95cGdIV2Z3V2VNS2JGMlBGZjlaRkk5MHdJSjU0NENuUTY3cmxhbDlwaDRHWDYwYVNYTG1IZjhxVHh4eUNPa3VoN0lyYnBNVlNZVTJCODdVMGxMajdFUlJ6V2UyalhhSEhGdnFGYnQzMDhUTG5ZcVg0Y3ZOMVNNSVZJ?oc=5)).
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Board Changes
Mu’azu has assumed duty as the Customs Controller for the Apapa command ([naijaonpoint_ng](https://naijaonpoint.com.ng/muazu-assumes-duty-as-apapa-customs-controller-pledges-consolidation/)).