Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have described the country’s petroleum downstream subsector as a poorly regulated sector considering the degree of anomalies that have characterised operations in the subsector over the years. Read more
The House of Representatives has yesterday issued a one week ultimatum to the Minister of Finance and Coordinating Minister of the economy Ngozi Okonjo-Iweala to submit the report of the forensic audit on the alleged missing $20bn The mandate followed a resolution, passed last week by the House at plenary which directed its Committee on […]
The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that Nigeria’s domestic gas demand will rise to about 10 billion cubic feet, bcf, per day within the next five years, from current demand of about two billion cubic feet per day. Group Managing Director of the NNPC, Mr. Joseph Dawha, was quoted in a statement by […]
THE current economic impact of global downtrend in the prices of oil that is already taking its toll on key sectors of the Nigerian economy may not have adverse effect on the country’s Egina oil platform project valued at $3.8 billion. The project was awarded by Total E&P Nigeria to Samsung Heavy Industries, with a […]
As part of its plan of engaging workers in both the public and private sectors to embrace the fight against economic and financial crimes and all forms of corruption, the Economic and Financial Crimes Commission, EFCC, on Wednesday, organized a one day interactive session for Committee Secretariat Staff of the Subsidy Reinvestment and Empowerment Programme, […]
In this interview, with our Asst. Chief Editor, TUNDE EIGBIREMOLEN, Rev. Ugolor comments on the forthcoming presidential poll and the issues likely to determine who becomes Nigeria’s President from May 29, 2015. It’s explosive. – Read more
Leaked records from HSBC, a huge global bank based in London, reveal new details about the bank’s role as a conduit for the bribes — and new details about how Tesler operated. The files, obtained by the French newspaper Le Monde and the International Consortium of Investigative Journalists, show ties between Tesler and high-ranking Nigerians […]