Archived edition · 20:48 Lagos
Tuesday 13 October
- New articles analysed in today’s runs
- 40
- High-risk articles today
- 2
- Board appointments today
- 3
- Contract awards today
- 6
Key Developments
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Energy Sector Growth
The NNPC reported 2026 revenue of N28.5 trillion, with a specific profit after tax of N431 billion for August ([Vanguard News](https://news.google.com/rss/articles/CBMikgFBVV95cUxNQ3JRSkVTU3ZzOU5feTJBWlZFdnN6QnZtWmRXNG1iSV9YZHpab2F0NVE5aGktNDVjbHpCZnRTeGVFSXhDVDBJYjJoWVdUbUZXVlFMNnJfb09zTGVQdGJMdmNYSmtFdzRtUDRmajFUR1BRTDB5aXdwOXRHTVZoVW4xMzYta1JDZU1tcGdJNGFGNmlxd9IBlwFBVV95cUxON3ljVXRIYmZ6aWhNMFlLYjR0V1M0bGh6azZrNHRDRXFnRVRDUHp6dHVXUUo4dXdXc1E5S3Foc0RVbVZKelBmQmdNLXFxcjBxY05xTDc3ZTVQbFlfUnY5Q3JMQlVTZHFrTHhLVDhTcHlyREMwalA4b3dQLXY1UE1xb3JSZTN5elU2Q0VYdG16dk5ZUnNqTU9j), [Premium Times Nigeria](https://news.google.com/rss/articles/CBMisgFBVV95cUxNZVBQZVBNLVk0VFM3RXg2TUFBWWFhVmdIMi1aZ0dYSC1rU2E4cGNaNlc3UTJMVTgzYnVIdl9XXzhvTUY0bE9fbUZIR19JOS0xNjNjMF9rcDN2Z2tRMnFLQU5BQjAtUFBIWEtFdV_4ZjNuUkRVdXRNZXU4cTNEUlhWQUR4cEdSbkNtR2dhelNpaUstNjhvUVV6cVVtYlZZTkhWNXVLcGZDV3A2TzNqcXVmSXdB)).
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Refining Capacity
Dangote Petroleum Refinery posted a $4.7 billion nine-month profit and aims to expand capacity to 1.4 million barrels per day by 2029 ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNd1I3M21nUzB5cjVDM1V0RTlPcEJxTGx6cDdmcTdPWWVHYkctdDFaOGlSamhudkp6YVRISlNYZnBTdEIzbm9tNnp6aTdRcUpRRmNVaUZuQzJSY3VjdktZOUNtYWlTdXpRQldqTjRVMFlPSVdsV3RMUVRmWHZMM2Q5NWlvbGliMktxczBkMTJnUGJsLUFxMVNKajA3eVNUY1FPSzR4Um9nMnNDdTRUN0hqb2Rhc3F1Vm9LQUVtd0dhRmtBclJTTFo1TXF0S3RUTVZuSDBhb2JHLTZYSms), [The Punch](https://punchng.com/dangote-refinery-targets-1-4m-barrels-per-day-capacity-by-2029-dangote/)).
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Oil Production
Nigeria hit a production peak of 1.84 million barrels per day in September, meeting OPEC quotas for five consecutive months ([Punch Newspapers](https://news.google.com/rss/articles/CBMilwFBVV95cUxQU3RTZm5FaUtHTmNmV2lUWnVOc3FSc2ZBVFdvY1AzYjRYQ1R3OFo5YV9CaERKNU1xRXFDV3VhLXlHQjk0X013UnFCQjNQMV94S2dCc2M0VDh6RGdIVTRUdVMtVU4xQVRrbS1LeUl3U3VndkpWWHZuT19KYkxzQTBpUHhWZUprVW1iY3Y4elNTUDFQdnJZUFlF), [Premium Times Nigeria](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOdHA2S283bEJfWmtWUmNFRHlXUTg0c0ZuUEpuNkJvZUN3NmFxdFVMVC1zcE11LW51QkJpSHJxT1BaM2ZBN1U5VXZMMEZFa0MyU0hFa0dubjBTa2RWTS1SLXhwNmJhSXlFbXA0N3JnLTAzczd2azZVVlZIRkNnYVlGc3hYTFFzejRTSVR1WkNSWERjeDR4S0RnaVlqLTRFVE5qNl9FdXRDeE9scEFYbVIzZXVXdmhIWDBvUnpGX3RhbzZjc2tZMG5oWmwtWkFPZEU5aC1oSm9OM1RfeW5MX1NIU0RR)).
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Security Framework
The ONSA introduced a new operational framework for coordinating security agencies and private contractors to protect oil infrastructure ([The Punch](https://punchng.com/nsa-rolls-out-new-rules-to-secure-oil-sector/)).
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Economic Forecast
The IMF upgraded Nigeria's economic growth forecast to 4.2% ([The Eagle Online](https://news.google.com/rss/articles/CBMijAFBVV95cUxQMTgtOGNzWkNQdWJzMmxDdmlWMHliMmFsQkw4LWo4cWZEZEdLNzdTRkRtTXUxeklpVHdTenlaQ0pJb2dBQ01DOEd5VzZldmtQY2JiSlRIUnhaZE5qVlNSd2tHbVRqMHVfNGd5aGFJUmltX0wwdE42V2NIeFFGSENBaWxOWmJmU1J6aFRQYQ)).
High Risk Alerts
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Financial Fraud
Court proceedings are ongoing regarding an alleged N109 billion fraud involving former Accountant General Ahmed Idris ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi6gFBVV95cUxPT0dRTHFvM0EzWk9kQjE1Um1jSGMwNk9rdzZsX3U5Wkd5QlpGNUp5dmRLRWdXbE5OTlNsWk5RTEp6VkRZd3gwMXF6aGkzMVY4bi1Ed1VKU2tVMHdadVRON3J0T0hiZ0tRZGxDdklsMk9NU2tCZXV2dGk2VkgzeWt1TzZwQUpPZEpGM1pEMVFyc2x3cnhCMnpoQmw5OHhVbkI1LVZFVFJfcGhPY1dDNWRUWElBTTZ0THZrbWxYSnI5YjBxTnJuaWFkOWRSY2dDajlvSGo2aU03bzhNNlU3cUdJTHc5Vlg1QlA5MXc)).
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Corporate Money Laundering
ALSCON Plc has been arraigned by the EFCC for alleged money laundering totaling N582.43 million ([The Punch](https://punchng.com/efcc-arraigns-firm-over-money-laundering/)).
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Infrastructure Scrutiny
Massive transparency concerns surround the ₦15 trillion Lagos-Calabar Coastal Highway, with calls for audits and public release of contract records by political figures and organizations ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPdVo3dFRxR2d1UjZtSm9UVjlnZjlnRERpUVR6QXVDM3NyMnFINzlYQ3YxZnk3LUVOTVJLM0lENnBTVUZQRExlVmFsZmFpc0huV2x5Yzk3OFF1OXViSm5INWpqbFZPRWQ5UmZXRWVsel96aUJHSG9sb2VQVmxzcUhJMG9lekZ6QThlc2hsb0p2bG9iUnFDUFdpc2UzRXdMdktqV3FLR292VUNDS0kxNl9ZZGFpc01yeUJlcm0zNmRQZXRwUU5DN2ROdzM2N0ZjQ2Vac2ZKX_iWbkNeii-RODSvawyhfut116SPr3bj0), [naijanews](https://www.naijanews.com/2026/10/13/atiku-lagos-calabar-highway-contract-payment-records/)).
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Diplomatic Risk
The United States has threatened to cut military aid to Nigeria over the alleged use of child soldiers ([Punch Newspapers](https://news.google.com/rss/articles/CBMitAFBVV95cUxOREIxRjh4TnhJZzdlVVQxb0JXWUNENlc0UktwVXZzMUF1NkZsZXRCTHp5aU9MdzVoTE9YQlc0M05XUzdNZ3V3ZHZqNjFvX2lsSnlMY1JhczZXSkw1dk16VXdaeEFtSDFQczAyeEVKNGJVa1lIUDg0YW5WRHB4YnlkazlleTRDYjZfc0p2RjJiSWtrcFFHNXlueFVaOFhkMUU0cWpReDh4S2NzZjA1UWpQbVJhbm4)).
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Other Risks
Additional alerts include a vehicle import scam involving a Nigerian-American ([The Punch](https://punchng.com/efcc-arraigns-nigerian-american-over-680000-vehicle-import-scam/)) and regulatory sanctions on universities by the NUC ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMihAFBVV95cUxPemdtb1plM25wMDFNa3hKREhXQXk1VlBVU01XbjVlbDJ1YW42NGlVWko2WjM3ZkdaY2tPSFFZd1gxLWdRNkEydk5XbkI3MWNMNVJRRWNrMWxLb0s2NEo5dDQzN0dVTDBET082QXJnZ002RkpWelZ4LWlPNTBfUFBRTGhPNWo)).
Beneficial Ownership & PSC Disclosures
No persons with significant control were disclosed in the provided data.
Procurement & Board Changes
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Federal Reimbursements
President Tinubu is seeking Senate approval to reimburse the Yobe State government N100 billion for airport expenditures ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQSEtpUGszTEtoZ0NJVHFJSG1QdVA5b2dza3R4X3dnZEx6emthc3JLcEFpN3dvNlJaWC01X2pCOW5hLWVDWlRDVkZGVGttcjNzQjJHakoxV0dEU3V0cTBORVY2d0R1MzJwSFZjMGM4enVxZE5Qby1xdndxVjc3VEtPTDE1UUxTSW0yVTl3VGQya3liVmtOSmJqeGZkLXZ2WGFiMHhMQ1FTY2ZWek51UjJ5X3VMZURzTDd3ekZMU0x2azhQNV9SMDdfVDBZOFlWc0trT0p1QW5DVU)).
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Corporate Leadership
eTranzact appointed five new directors following a change in ownership structure ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMivwFBVV95cUxOaGJBbU8yQWtVNmdSNkF3dmdEcGZMU3FGUjJBMzAyckVuZmgydTdrV0s2TmYwUUtwbmxTTnhzaS1UQi12a1RrTG5tNFlyRl8tdE41Y2NrNnAzeEVxQUlGRzZDZG9KUWRiWmVWS2dKRHFOenZueGM1LW4zcEh6ai1TNHlyRFdqWFB4ZkpTQzBMN0ppMmVnek42VWhzLV9QOHdMLWo4X2ctWGpLUGFYZHZfbGVkVE1Vcm55WEh3SDVxcw)).
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Institutional Appointments
Uwem Ite of Oriental Energy was elected chairman of Nigeria's greening education institute ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi7AFBVV95cUxPZXBWYVFta3FpVTdFb0JNUmFQNnNWNjQ1Y2Q0QmNiWXNha2JjWDVRS0Q2aTktSFpoNkNsckNoSHFLeEFWSjN6UGY5YzVfYzA4SHdPcVVkd3hFZzVRWExFX1JtemswemhRU2Npb0RhUnYwVXJJQk1uSGo5TFVpZ3BZLTl5eGw4RmNuLU1jd2dDSkVaS0FpME14cm1BWHVidzNicmdRempHZ1MwRkRGWmVlUEVaZ3Z6OVZjOHJZcHRRN3ZXVkxPZWhadnNKYXY1d2g4MTFQQzVHdGdnYnByMEM2LWc2NXVSWUxaMnhPdg)).
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Public Sector Purge
Governor Oyebanji dismissed multiple agency heads and technical advisers at the start of his second term ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMiygFBVV95cUxPUWpFQ2p5anBfeWFhaWZBczYtODJrRl9wLWc3NzlQX3poaEJNdTl0S0tEZGcyclJXTVdfcVY5R1lSNGNHbDQ4UVdHU3hfOFJiM0hQWVRxVTRPbFgtY24xbV9PMnR6VWNoRk1JQ213bEFZQ2xkRTRwdmdhYmY5WHg5VUFSazIyT29oMWtEeHlNM3JmYk1nQVFDZVZSS0RveXBNU3FwMV9JaWkxSXlBWWtZdE5GZzR3eEg2a3ZjTVdnZ1BscWtoRE5wQVhn)).
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Military Audits
The Senate and House of Representatives are calling for comprehensive audits of presidential and military aircraft fleets ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQek50LURFUVlOVVNILTI4LXIxMlBKWjF0SXk1dU5ZWUJaTEF2ZmJEZWhCcWdXZmtHUlVlYkptZ1AzeDJxMnh1N19STEMzM0NSODF0NTVRMWZqTXZMUHdHaDlSYmFEM1Z6LW1YU3BiRjY5T0ZvVFVQUGJKVHUwaV9SR1NOZnhaa3FDQ3QzQXBpdWJxQ2lFZ01YdzJUREREV3dfdmdxSjNVRzZTUkpuSFB4bHNScjVHYmM1NlV5TWFTUjJIRlBwcHFUc09sanl5QzQxNVc4), [Premium Times Nigeria](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPTWxScXF2Vng3bG1NbnNNdWdSZGU4UzBJa2pyWjFqd1ZXVXU3N1hjWWdKUHVNenNHUUlJX0ZlcFc0OTV4LXNjZk9aZEZPXzlNczh6MW5SM1VxRDhGcUxDMURaeTdhLXdrWU9VMWN2VG9PSlhzeDljNmNDQnF3WUR3X19DWkJPNmd6UWJQRXhIU1I5Sk93STRQOWVRRjctVmtCSTUwWlJYLUo2M25nVERKejB2MlRqTVRra3FIbGthYW9Ya0xKNm4wSEI4NE5pN2kxTi12SHVLSEtzWmc)).