Institutions and Key Organisation

The Bane of Corruption in Business Practices in the Private Sector

Being Paper Presented at the 8th Annual Forum of The Laureates of the Nigerian National Order of Merit (NNOM) and the Award Winners’ Lecture. Introduction Nigeria is the worlds’ 15th most corrupt nation, according to Transparency International’s Corruption Perception Index and people everywhere have learned to be extra cautious when doing business in or with Nigeria. Generally as a result of the 419 scourge, countries around the world are weary

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For the CBN, have the Chickens finally Come Home to Roost?

So Nigeria has not fallen over because it was de-listed from the J.P Morgan Emerging Markets, Government Bond Index (EM-GBI). JP Morgan suggested that Nigeria’s foreign exchange regime has lacked desirable levels of liquidity and transparency; they also suggested that Nigeria lacked a fully functional two-way market. CBN refuted the JP Morgan claims avowing that all legitimate demands for forex are being met; all forex transactions now take place

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Shell Collaboration: 27 Nigerian, British firms agree partnerships

A total of 27 partnerships have been agreed by Nigerian and British companies under the auspices of the annual Nigeria-UK engagement programme sponsored by the Shell Nigeria Exploration and Production Company Limited (SNEPCo) Read more

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Nigeria’s Revenue Dipped As Oil Sales Dropped – FIRS Boss

The Federal Inland Revenue Service tax collection from the oil industry in the month of March 2015 was the worst performance from the oil industry in the last 15 years. Read more

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Fuel Scarcity: NNPC assures Nigerians of adequate supply

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it had stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide, allaying fears of any fuel scarcity. Read more

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Nigeria LNG exports reach $85 billion in 15 years

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago, the company announced late Friday. Read more

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Court rejects Agip’s objection in gas plant case against Arco

A Federal High Court in Port Harcourt, Rivers State, has rejected an argument by oil firm, Agip, questioning the court’s powers to hear a gas plant maintenance contracts suit, brought by a local company, Arco. Read more

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Termites in the House

The incoming All Progressives Congress (APC) Government has accused President Goodluck Ebele Jonathan of “defecating in the seat” he is vacating. This very graphic but unpalatable imagery used to describe the outgoing government is perhaps excessive and if one were to search for a more diplomatic way to cast it, it might go something like, “under Goodluck Ebele Jonathan’s watch, the structure of our economy got well and truly infected by

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Nigeria targets fuel sufficiency, exports by 2020

IF the Nigerian National Petroleum Corporation (NNPC) and the incoming government made good of their promises, Nigeria may be inching towards attaining self sufficiency and eventually become a net exporter of refined petroleum products by 2020. Read more

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Nigeria Yet to Endorse New Global Initiative to End Gas Flaring by 2030

Chief executives from major oil companies and senior government officials from several oil-producing countries met in the United States of America at the weekend and demonstrated a commitment to end the practice of routine gas flaring at oil production sites globally latest by 2030. Read more

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