Bola Tinubu, President-elect
New president, old problems for Nigeria
Abuja is still waiting for the Dangote refinery to solve the country’s expensive fuel subsidy problem
May is a critical month for Nigeria. The country will inaugurate President-elect Bola Tinubu, following a fiercely contested election and despite the two main opposition parties launching legal challenges to the result. And the huge Dangote refinery near Lagos might be poised to begin commissioning during the month, in a move that will have far-reaching consequences for Nigeria’s trade balance and budget, as well as the wider Atlantic basin’s downstream and freight sectors. Both the US and the UK congratulated Tinubu on his victory, but US ambassador Mary Beth Leonard said that “it is clear that the electoral process as a whole... failed to meet Nigerians’ expectations” and called upon the c
Also in this section
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
