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The Defence Ministry on Friday further gave an insight into how the controversial $1 billion released by the President Muhammadu Buhari’s led Federal Government to procure arms was expended on the purpose it was released while waiting for the products’ arrival about three years after.
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and professionalism in the banking industry.
The House of Representatives Committees on Petroleum Resources (Upstream), which is investigating the circumstances surrounding the revocation and award of oil mining leases (OML), has given the Nigerian National Petroleum Corporation (NNPC), Addax Petroleum Company Limited and Santex Nigeria Limited two-week ultimatum to appear before it and explain alleged irregularities in the corporations.
The Senate yesterday assured the Chief of Defence Staff (CDS), General Lucky Irabor, the service chiefs, Acting Inspector-General of Police (IG), Mr. Alkali Usman, and heads of intelligence agencies, of its readiness to ensure that they have all they need to tackle the worsening insecurity in the country.
The Nigerian National Petroleum corporation (NNPC) has tasked the Contractor rehabilitating the Port Harcourt Refineries Companies (PHRC) to ensure completion of the project at the estimated time frame.
The Federal Inland Revenue Service (FIRS) says it will begin to deduct tax liabilities from defaulters’ bank accounts.
There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as the price of Bonny Light rises to $65 per barrel in May 2021.
Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC) to contribute to the Federation Account.
The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall financial performance of the Corporation.
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions.
A journalist and publisher of Power Steering magazine, Oga Uhia, has lost his N110 million fundamental rights enforcement suit he instituted against the Minister of State for Power, Goddy Jedy-Agba, and police authorities, following his last year’s detention at the instance of the minister.
President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC) which is in production sharing contract with Addax Petroleum, a company wholly owned by Government of the People’s Republic of China on the blocks.
Following the reported seizure of some plots of land at Victory Park Estate in Lekki, Lagos State, by the Assets Management Corporation of Nigeria (AMCON), the estate owners’ association yesterday called on the federal government to review the corporation’s conduct.
The Nigerian National Petroleum Corporation (NNPC) says it has increased daily supply of Premium Motor Spirit (PMS) also known as petrol across the country from 550 trucks to 1,661 trucks.
The total revenue generated by the Nigerian National Petroleum Corporation (NNPC) from crude oil and gas exports fell from $4.84 billion in 2019 to $2.62 billion in 2020.
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for hearing financial matters emanating from the financial institutions.
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.
Governor David Umahi on Saturday commiserated with the husband of the deceased, Celestine Okah, in a statement signed by his Special Assistant on Media and Publicity, Francis Nwaze.
The kidnap of Amos Ogbonnaya, of a former Coordinator of Anuagata Development Centre, in the Ohaozara Local Government Area of Ebonyi State by hoodlums, on Thursday evening, has continued to generate mixed reactions from various segments of the state.
President Muhammadu Buhari felicitates with the Obi of Onitsha, Igwe Nnaemeka Alfred Achebe on the occasion of his 80th birthday, commending the royal father’s unwavering dedication to Nigeria’s unity and development.
Most of the Palestinian deaths occurred in Gaza but on Friday clashes spread to the West Bank, where 11 Palestinians died and hundreds were injured. Israeli forces used teargas, rubber bullets and live fire, as Palestinians threw petrol bombs.
Super Eagles head coach Gernot Rohr has not been paid his wages by the Nigeria Football Federation for six months.
Italian Sky Sports journalist Matteo Moretto has proclaimed that Barcelona are willing to sell French superstar Antoine Griezmann in the summer if they were to receive an adequate offer, in order to try and ease the pressure on their accounts.
Manchester United Brazilian midfielder Fred received racist abuse on Instagram following the 4-2 loss to Liverpool at Old Trafford on Thursday night.
World Health Organisation (WHO) on Friday cautioned drivers on excessive speed to reduce road accidents globally.
Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.
Real Madrid goalkeeper Thibaut Courtois called on his team mates to keep their focus as the La Liga title race heads for a dramatic finish.