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Ex-VP Atiku Abubakar: President Buhari most corrupt since 1999

A former Vice President, Atiku Abubakar, has described the present federal government of President Muhamadu Buhari as the most corrupt since the return of democracy to Nigeria in 1999.
Akinwunmi Ambode of Lagos and France's Emmanuel Macron

Emmanuel Macron: I like Nigeria a lot, it’s an appealing country

French President Emmanuel Macron met with his Nigerian counterpart Muhammadu Buhari on Tuesday in Abuja before taking off his jacket and tie in Lagos to celebrate African culture.
Saudi Arabia Oil Economy

Oil prices fall as Saudi, Russian output rises

Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the U.S.

Maikanti Baru: Nigeria to earn $5.60 billion in taxes, from Schlumberger oil finance deal

The Nigerian National Petroleum Corporation (NNPC), says the NNPC, First E&P and Schlumberger $724 million oil financing deal will enable Nigeria earn $5.60 billion in taxes and royalty.
Pastor Ben Akabueze

Budget chief: National Assembly feeding Nigerians with stories to justify budget distortions

Two members of the Executive and Legislative arms of government clashed yesterday over the 2018 budget, with the Director of Budget, Mr. Ben Akabueze, accusing the National Assembly of feeding Nigerians with stories in bid to justify the unilateral distortion of the budget by the legislature.

NEITI tasks federal government to revisit production sharing agreements in oil sector

Nigeria Extractive Industries Transparency Initiative (NEITI) has alerted the nation on the urgent need to review the Deep Offshore and Inland Basin Production Sharing Agreement between Nigeria and oil companies.
An OPEC branded flag sits on a table ahead of the 169th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria. | Akos Stiller | Bloomberg via Getty Images

OPEC agrees ouput rise of ‘about’ 1 million barrels

OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel's kingpin Saudi Arabia said Friday.

Presidential panel recovers $7 million ‘stashed’ in Heritage Bank, others

The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property has recovered seven dollars million (N2.1 billion at official rate) illegally kept in Heritage Bank.

President Buhari: Why I stopped Femi Adesina from replying ex-President Obasanjo’s letter

President Muhammadu Buhari says he stopped his Special Adviser on Media and Publicity Femi Adesina from replying former President Olusegun Obasanjo’s letter against his administration because of Adesina’s age.

RMAFC: Nigeria loses $21 billion to non-review of PSCs

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the nation lost about $21 billion in revenue in the last 20 years to non-review of Production Sharing Contracts (PSCs).

Governor Dickson to set up task force to check illegal refinery

Bayelsa State Governor, Seriake Dickson, on Wednesday said the government would set up a task force to check the activities of illegal crude oil refineries to protect the environment in Bayelsa state.

Governor Dickson tasks oil firms on protection of Niger Delta environment

Governor Seriake Dickson of Bayelsa State has urged oil companies operating in the state and the Niger Delta to take measures to protect the environment, particularly in the areas of crude oil pollution and gas flaring.

Federal government’s $406.7 million suit against Shell adjourned to October 9

A Federal High Court in Lagos, on Tuesday, adjourned until Oct. 9, the alleged crude oil shipment brought by the Federal Government against Shell Western Supply & Trading Ltd.

Illegal oil bunkering: AITEO denies sponsoring protest against JTF commander

Nigerian oil firm, AITEO, has denied being behind the June 1 protest by hundreds of Niger Delta youth who accused the Commander of Operation Delta Safe, Rear Admiral Apochi Suleiman, and his troops of engaging in illegal oil bunkering.

Senator Udoma: Why President Buhari has not signed 2018 budget

Nigerians expecting to have approved 2018 appropriation law before the expiration of 2017 budget next Thursday may have to wait a little longer as President Muhammadu Buhari is at the moment reviewing the Appropriation Bill recently passed by the National Assembly.

Nigerian Navy hands over vessel, nine suspects to EFCC

The Nigerian Navy Ship (NNS) DELTA on Wednesday handed over a vessel with more than 386,000 litres of stolen crude and nine suspects to the Economic and Financial Crimes Commission.

Oil prices steady after a downward trend over supply concerns

Oil prices steadied on Wednesday after slipping prices as Saudi Arabia and Russia say they will pump more crude oil in response to falling global crude inventories and rising consumer prices.

Fuel, imported goods’ prices may spike over rising shipping cost

Strong indications emerged at the weekend that Nigerians may pay more for fuel and other goods imported into the country after shipping companies including Maersk and Mediterranean Shipping Company, announced a rate hike in prices of bunker fuel which is a fallout of higher oil prices.

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Gabriele Volpi

Arbitration court orders Gabriele Volpi to pay self $360m of $600m owed by OODP...

The principals have chosen to speak as there were concerns that Volpi’s press release implied that they, Whitmore Limited, had a total indebtedness of $680 million.
President Buhari attends Grand Finale of APC Gubernatorial Campaign Rally in Ado Ekiti State on 10th July 2018

Asiwaju Tinubu: Kayode Fayemi’s election is victory for Ekiti people

National Leader of the All Progressives Congress, (APC) Sen. Bola Tinubu, on Sunday said the election of Dr Kayode Fayemi in Saturday’s gubernatorial poll was a victory for the people.
Femi Kuti

Keeping father’s protest torch lit, Femi Kuti sees hope

Femi Kuti has spent his life railing in song against the ills holding back Africa. But these days he is feeling some optimism.
Kayode Fayemi

Governor Ajimobi: Kayode Fayemi’s victory a demonstration of Ekiti people’s faith in APC

Oyo State Governor, Senator Abiola Ajimobi, has described the victory of Dr. Kayode Fayemi in the just-concluded gubernatorial election in Ekiti State as a demonstration of the people’s trust in the All Progressives Congress (APC) as a party that has the capacity to liberate the state from mis-governance and gross under-development.
Kayode Fayemi

Ekiti guber: Edo APC holds victory rally for Kayode Fayemi

The Edo State Chapter of the All Progressives Congress (APC), held a victory rally to celebrate the success of the party’s candidate in Saturday’s governorship election in Ekiti State, Dr. John Kayode Fayemi, who has been announced winner of the polls.