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Excess Crude Account stands at $2.3 billion

Despite the biting economic times, there is still a princely sum of $2.309 billion (about N831,600,000,000.) in the country's Excess Crude Account, details from...

No award of &N25 billion contract by NNPC, says presidency

Claims on social and traditional media that $25BN worth of oil contracts were awarded by the Nigerian National Petroleum Corporation  (NNPC) or that $25BN...

What ‘Ag. President’ approved for NNPC were not Contracts

By Laolu Akande, Senior Special Assistant to the President on Media & Publicity, Office of the Vice President. Our attention has been drawn to some misleading...

For mis-applying N11.36b loan, NERC Fines IBEDC N50m

….. Ordered to recover N5.75bn inappropriate transactions with interest For misapplying N5.6 billion of the N11.367 billion loan it got from the Federal Government, the...

Abuja residents to begin using city trains by Christmas, says Minister

By Cosmas Uzodinmma, Chief Press Secretary, Minister of the Federal Capital Territory. The Federal Capital Territory (FCT) Minister, Malam Muhammad Musa Bello has declared that...

Nigeria gets breather from OPEC; exempted from production cut

By Idang Alibi, Director Press, Ministry of Petroleum Resources. The meeting of the Joint Ministerial Monitoring Committee of OPEC and Non OPEC Countries ended in...

FG concessions 22 federal airports

By Shitile Mbayansa, Abuja The Federal Government is so broke it cannot carried the burden of running 22 airports, and has opted to concession their...

Former JAMB and NIMASA heads for probe over remittances

By Shitile Mbayansa, Abuja Former heads of the  Joint Admission and Matriculation Board (JAMB) and the Nigerian Maritime Administration and Safety Agency (NIMASA), will have...

Nigeria slips out of recession; Buhari cautious, Senate elated

Nigeria has slipped out of recession, but this may not mean anything to majority of citizens who still have to battle high food prices...

ECOWAS Commission top guns wrangle over N180 million judgment debt

By Yemi Oyeyemi, Abuja The Economic Community of West African States (ECOWAS) Commission is enmeshed in a contract debt of N180M that has pitched its...

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