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Against recent allegations of corruption against aides of President Muhammadu Buhari, the opposition Peoples Democratic Party (PDP) has passed an interim verdict on his presidency, saying “it is rotten and reeks of incurable corruption, festering up to every level”.
The federal government has filed an application before the Federal High Court in Abuja seeking for interim forfeiture of monies and properties allegedly traced to an official of Petroleum Equalization Fund (PEF).
The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday advised the Federal Government to deregulate the donstream oil sector so as to attract investors and end fuel scarcity.
The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.
Prof. Wunmi Iledare, outgoing President, Nigeria Association for Energy Economics (NAEE) says the passage of the Petroleum Industry Governance Bill (PIGB) by the senate was a welcome development for the industry.
The Federal Government yesterday said it has taken measures to end the guess work on the millions of litres of Petroleum Motor Spirit (PMS) used daily in the county.
The Minister of Finance, Mrs. Zainab Ahmed, and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, have been summoned to appear before a House of Representatives joint committee next Thursday to explain their roles in an alleged unbudgeted funds being paid as fuel subsidy.
The Nigerian National Petroleum Corporation (NNPC) has disclosed the source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing and supplying petrol in the country.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to expedite action on the repair and reconstruction of bad roads across the country.
The Federal Executive Council (FEC) meeting, presided over by Acting President, Yemi Osinbajo, has approved the sum of N17 billion for the installation of technology monitoring schemes and structures under Petroleum Equalisation Fund (PEF).
The Federal Executive Council (FEC) has approved the installation of technology monitoring schemes and structures under the Petroleum Equalisation Fund (PEF) for N17 billion.
A Senior Advocate of Nigeria (SAN) and human rights activist, Mr. Femi Falana, has accused the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of insubordination, following his refusal to comply with the directive of the Minister of State for Petroleum Resources, Dr. Ibe Kachukwu, to supply the information requested by Falana pertaining to the importation of fuel into the country.
A human rights activist, Femi Falana, on Tuesday filed a Freedom of Information request to the Ministry of Petroleum Resources demanding details of how the federal government’s payment of N261.4 billion per annum in fuel subsidy skyrocketed to N1.4 trillion.
The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.
Nigerians will have to pay more for fuel as the National Assembly on Wednesday passed the much touted Petroleum Industry Governance Bill (PIGB) with 5 percent levy on fuel sold across the country.
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A former Lagos State Commissioner for Home Affairs, Dr. Abdul Hakeem Abdul Lateef, has advised the newly inaugurated commissioners and special advisers on how to succeed in office.
The Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Engr. Simbi Wabote, on Tuesday said the Local Content Act cannot be fully comlied with because of the economic realities in the country.
Former Super Eagles head coach Berti Vogts has questioned Brazilian midfielder Philippe Coutinho’s move to Bayern Munich, saying that he may not be the world star that he used to be.
Andrew Ekenam, Head Coach of Team Nigeria to the 11th All Africa Games in Congo Brazzaville in 2015, on Tuesday expressed confidence in the quality of lifters representing the country at the ongoing 12th Games in Rabat, Morocco.
The Argentine attacker had a below-average season last time around while Eriksen had spoken about taking up a new challenge after the Champions League final.
The Wife of the Governor of Lagos State, Dr Ibijoke Sanwo-Olu, says she weeps over women plights and marginalisation not only in Nigeria but in entire Africa.
A traditional ruler, Chief Tersoo Mbagir, and 30 others, including mourners, were feared dead in a bloody weekend attack on Tongov village close to Amaafu town and Mbasar Gasema community in Katsina Ala local government area of Benue State.
Mario Balotelli being without a club as a new season approaches is "not normal", says Italy head coach Roberto Mancini.
Fast rising Super Eagles winger Samuel Chukwueze will look to start the new LaLiga season on a promising note when Villarreal host Ramon Azeez’s Granada today (Saturday) at the Estadio de la Ceramica.
The Central Bank of Nigeria (CBN), has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.