{
  "id": 10754414,
  "title": "Returning to fuel subsidy will kill NNPC, Presidency warns",
  "url": "https://urgent.news/2026/09/29/returning-to-fuel-subsidy-will-kill-nnpc-presidency-warns",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T18:48:52.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/returning-to-fuel-subsidy-will-kill-nnpc-presidency-warns/"
  },
  "original_language": "en",
  "account": "The Nigerian government has warned against reintroducing a petrol subsidy, warning that it could jeopardise the Nigerian National Petroleum Company Limited (NNPC). Bayo Onanuga, a special adviser to President Bola Tinubu on information and strategy, made the warning in a tweet on Tuesday. He highlighted NNPC’s financial and operational performance in 2025, reporting a 22% rise in earnings before interest, taxes, depreciation and amortisation to N18tn. Earnings per share also increased by 32% to N35.9, while operating cash flow grew 16% to N12.8tn. Return on equity improved by 200 basis points to 16%, and NNPC’s declared dividend rose by 35% to N5.8tn. He stated, \"Oil and condensate production averaged 1.77 million barrels per day, its highest level in five years. Natural gas output averaged 7.2 billion standard cubic feet per day, a three-year high.\" Onanuga further cautioned, \"Atiku’s subsidy programme will certainly kill this company, which could be our own Aramco. Our country has no business taking 100 steps back. Forward ever!\"",
  "summary": "The Presidency has warned that returning to a petrol subsidy regime could kill the Nigerian National Petroleum Company Limited, citing its recent performan Read More: https://punchng.com/returning-to-fuel-subsidy-will-kill-nnpc-presidency-warns/",
  "key_points": [
    "Reintroducing fuel subsidy could kill NNPC, warns President's adviser",
    "NNPC reported 22% rise in earnings in 2025",
    "Oil and condensate production hit five-year high"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "Returning to fuel subsidy will kill NNPC, Presidency warns",
        "url": "https://urgent.news/2026/09/29/returning-to-fuel-subsidy-will-kill-nnpc-presidency-warns-10759754",
        "published": "2026-09-29T19:16:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}