Skip to content
Search

Latest Stories

Welcome! Log in to stay connected and make the most of your experience.

Input clean

xyz

Oil prices topped $100 per barrel during much of the previous government’s tenure, which made these inefficiencies and leakages more affordable. This is no longer the case.  For Nigeria to benefit more fully from its oil, President Muhammadu Buhari will have to change how NNPC works. In the short term, some basic steps would stem losses. The government could rein in NNPC’s discretionary spending (which has topped $7 billion in recent years), examine the utility of NNPC’s subsidiaries which tend to operate as financial black-boxes, and stop NNPC from doing business with unqualified and often politically-connected middlemen. Steps like these could be taken in the near term, while the government figures out a plan for restructuring NNPC into a more commercial entity.

Access all of The Cipher Brief’s national security-focused expert insight by becoming a Cipher Brief Subscriber+ Member.

Related Articles

U.S. Cyber Defense Starts with Defining Standards and Driving Collaboration

OPINION — President Donald J. Trump has returned to office with the renewed revelations that Chinese government-affiliated hackers continue to [...] More

Expert Q&A: What to Watch for at the Trump-Netanyahu Meeting

EXPERT Q&A — Israeli Prime Minister Benjamin Netanyahu arrived in Washington D.C. on Monday to meet with President Donald Trump at the White House — [...] More

Report for Monday, July 7, 2025

8:03 America/Chicago Monday, July 7 [...] More

Can President Trump Get a "Big, Beautiful" Deal in the Middle East?

Can President Trump Get a "Big, Beautiful" Deal in the Middle East?

CIPHER BRIEF REPORTING – When Benjamin Netanyahu and Donald Trump meet at the White House Monday, they will bring different ideas for resolving two [...] More

To Counter China, Reform U.S. Intelligence for the Digital Age

EXPERT PERSPECTIVE / OPINION -- The United States is facing a quiet and rapidly growing threat across the digital landscape, an unseen mathematical [...] More

Report for Friday, July 4, 2025

8:27 America/Chicago Friday, July 4 [...] More

Dead Drop: July 4

IN THIS WEEK’S EDITION: We’re wishing the U.S. a very happy birthday and sending our gratitude to those who are working overseas to help keep the [...] More

Expert Q&A: Former CENTCOM Commander on U.S. Troops in the Middle East

EXPERT Q&A — The American force posture in the Middle East — some 40,000 troops spread across the region — came into focus following the 12-day war [...] More

The U.S. Has 40,000 Troops in the Middle East

The U.S. Has 40,000 Troops in the Middle East

CIPHER BRIEF REPORTING -- Recent U.S. strikes against Iran’s nuclear facilities propelled the 40,000 American forces in the region into the spotlight [...] More