The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)’s handling of funds from the petrol subsidy removal. According to the World Bank’s May 2025 Nigeria Development Update, the NNPCL began transferring the financial gains from the subsidy removal to the Federation Account in January 2025, three months after the full … Continue reading World Bank Accuses Kyari-Led NNPC of Withholding Subsidy Removal Savings