Home Topics Royalties

Royalties

Delta, Akwa Ibom received highest as federal, states, local governments shared N8 trillion in...

A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.

Governor Ugwuanyi canvasses commencement of mining operations in Enugu

Governor Ifeanyi Ugwuanyi of Enugu State has appealed to the federal government to take effective measures to ensure the commencement of mining operations at the authorized locations in the state for proper harnessing of the inherent benefits of the mineral resources.
Zainab Ahmed

Excess crude account declines by $1.68 billion in three weeks

Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
Zainab Ahmed

FAAC: Federal, states, local governments share N812.76 billion for November

The Federal Government, states and local governments have shared N812.76 billion as revenue for the month of November.

NNPC records N250 billion trading surplus

The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak, said the corporation recorded a trading surplus of N250 billion in 2016.

NEITI indicts BPE, 15 oil companies for audit non-compliance

Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, indicted four oil and gas companies for failing to comply with its on-going independent audit of the oil and gas industry covering 2015, while 12 others were listed as failing to provide some documents required for the audit.

Recent Stories

Photos- President Buhari participates in Swearing-In Ceremony at the Eagle Square in Abuja on 29th May 2019 3

President Buhari, APC, INEC urge tribunal to dismiss Atiku Abubakar, PDP petition

President Muhammadu Buhari on Tuesday prayed the Presidential Election Petition Tribunal to dismiss petition filed by the People’s Democratic Party (PDP) and its Presidential Candidate, Atiku Abubakar against his Feb.23 re-election.

Cybercrimes Act will be amended –

The Federal Government has stated that the Federal Ministry of Justice is committed to pursuing the amendment of the Cybercrimes Act, which many lawyers, journalists and activists have considered repressive, unconstitutional and illegal.
The National Emergency Management Agency (NEMA) has advised people living in urban areas to evacuate refuse on waterways as well as those in flood prune areas to move to higher grounds.

NEMA, stakeholders brainstorm on flood mitigation in Niger, Kwara

The National Emergency Management Agency (NEMA) has advised people living in urban areas to evacuate refuse on waterways as well as those in flood prune areas to move to higher grounds.

NGO: Why expectant mothers must avoid hard drugs

Vanguard Against Drug Abuse (VGADA), an NGO, says intake of hard drugs and alcohol by expectant mothers increases the risk of birth defect.

NAPTIP director cautions Nigerians on visa lottery

Mr Orakwue Arinze, Director (Intelligence) Public Enlightenment of National Agency for Prohibition of Trafficking In Persons (NAPTIP) has called on Nigerians to shun investing in visa lotteries, saying they are scams.