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Nigeria’s crude oil stolen, sabotaged in five years will construct 138 PHCs for each 774 LGAs

THE volume of crude oil lost to thefts and sabotaged in the country between 2016 and 2020 can provide emergency medical helicopters for Nigerians,...

Auditor-General queries NNPC GMD over failure to remit N663.89 billion to Federation Account

THE Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) Limited Mele Kyari has been asked to explain the company's failure to...

Recurring fuel scarcity cripples businesses, endangers lives

TIME, they say, is money. But in Nigeria, where over 70 million of the population live below the poverty line, citizens are devoting more...
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Swiss company, Litasco, allegedly sold contaminated oil to Nigeria

DUKE Oil, a subsidiary of the Nigeria National Petroleum Company Limited (NNPC), and Litasco Group, an international oil trading company, have been identified as...

Petrol subsidy cuts NNPC’s remittance to N14bn in October, least in 10 months

PETROL subsidy has reduced the Nigerian National Petroleum Corporation (NNPC)'s remittance to the federation account to N14. 85 billion for the month of October.  This...

NNPC embarks on new fossil fuel deals despite Buhari’s energy transition commitments

THE Nigeria National Petroleum Corporation (NNPC) has finalised investment commitments in fossil fuel in new deals worth billions of dollars despite the global shift...
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Financial documents of NNPC, other agencies show questionable financial wrongdoings -FRC

THE Financial Reporting Council (FRC) said financial documents of the Nigerian National Petroleum Corporation (NNPC), and other government agencies and private corporations like banks...

Oil-producing communities badly hurt by PIA, says Udom Emmanuel

AKWA-IBOM State Governor Udom Emmanuel has called on the Federal Government to review the Petroleum Industry Act (PIA) to reflect the demands of oil-producing...

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2023: Peter Obi dumps PDP, silent on next move

PETER Obi, a presidential aspirant and former governor of Anambra State, has dumped the Peoples Democratic Party (PDP), three...

CBN debunks reports of Emefiele’s alleged sack

THE head, corporate communications, at the Central Bank of Nigeria (CBN), Osita Nwanisobi, has described the reported sack of...

AIB releases reports on Max Air incident, two others

THE Accident Investigation Bureau, Nigeria (AIB-N), has released three final reports on serious incidents involving aircraft owned and operated...

AEDC to enforce maximum punishment for vandals, confirms conviction of arrested staff

FOLLOWING concerns of frequent vandalisation of power infrastructure, the Abuja Electricity Distribution Company (AEDC) is set to enforce the...

What CBN’s 13 % lending rate means for dollar speculators, political primaries

THE Tuesday, May 24, 2022 decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting that...
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