News
More revenue for Nigeria as OPEC extends exemption from oil output cut
The growing stability in the global oil market may work to Nigeria’s advantage, as the Joint Organisation of Petroleum Exporting...
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How Diezani ignored due process in handling of N59.44 billion NNPC funds – Audit Report
By Bassey Udo The 2015 audit report on the Federation Account has uncovered how the embattled former Minister of Petroleum...
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Audit Report indicts Nigeria’s Accountant General of allegedly failing to provide evidence for crucial transactions
The 2015 annual audit report on the Federation Account has indicted the office of Accountant General of the Federation, OAGF,...
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NNPC ‘pocketed’ N3.88 trn belonging to Nigerian govt. in 2015, says Audit Report
Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation, NNPC, stood at about N3.878 trillion...
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Abacha Loot: Inside the secret deal Jonathan authorized to shield ex-dictator’s family from prosecution
Former Head of State, Sani Abacha RELATED NEWS Abacha Loot: Group wants Buhari to reject secret deal with familyMay 20,...
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Massive fraud stalls NLC, Kriston-Lally housing scheme, leaving thousands stranded
RELATED NEWS Aggrieved subscribers of NLC housing scheme disrupt debate for political partiesFebruary 6, 2015 Oshiomhole lambasts outgoing NLC president,...
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Oil Crisis: Nigerian govt retains National Assembly’s N150bn jumbo budget despite dwindling revenues
Sunset at the National Assembly RELATED NEWS National Assembly’s huge allocation higher than individual budgets of 19 StatesMay 28, 2015...
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Electricity commission defies Senate, says N750 charge won’t be abolished
By Bassey Udo The Nigerian Electricity Regulatory Commission on Monday said it was not considering abolishing the N750 fixed monthly...
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NEITI embraces NNPC restructuring, offers to help recover $11.6bn NLNG dividend
By Bassey Udo The Nigerian Extractive Industries Transparency Initiative (NEITI) on Sunday threw its full weight behind President Muhammadu Buhari’s...
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NEITI wants Nigerian govt, states to establish functional sovereign wealth fund
By Bassey Udo The Federal and 36 state governments must swiftly remove bottlenecks to a functional sovereign wealth fund to...
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