News

…laments inclusion of new projects by NASS President Muhammadu Buhari today signed the 2019 Appropriation bill of N8. 92 trillion (Budget) into law. The ceremony took place at the President’s office around 11am. President…
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President Muhammadu Buhari will on today sign the 2019 appropriation bill into law. With the signing, it will signal the beginning of the implementation of the 2019 fiscal calendar. The Senior Special Assistant to the president on…
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Nigeria has begun renegotiating oil contracts with Royal Dutch Shell that could lead to major energy companies generating billions of dollars less in revenues from lucrative offshore blocks in Africa’s largest producer. “We’ll be…
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The Nigerian National Petroleum Corporation (NNPC) says it posted a total of $490.03 million on export sale of crude oil and gas in February 2019, which is 32.45 percent higher than the previous sale in January. The NNPC Group General…
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No fewer than 137 pipelines points were vandalised in February which represents a 40 per cent drop when compared to the reported incident in January, according to Nigerian National Petroleum Corporation (NNPC). The corporation made the…
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 …Oil-producing states share N49bn The Department of Petroleum Resources, DPR, received N3.87 billion from the Federation Account Allocation Committee, FAAC, cost of revenue collections in April 2019 According to newly-released…
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The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it remitted a surplus of N41 billion into the Federation Account in 2018. In a statement by the NNPC’s Group General Manager, Group Public Affairs Division, Mr. Ndu…
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…65,000 lose shares to phoney offshore entities…Probe follows last month’s petition to AGF by aggrieved shareholders The Federal Government has launched a probe into how a former Central Bank Governor connived with two serving ministers…
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The National Bureau of Statistics (NBS) on Friday announced that 4.87 billion litres of Premium Motor Spirit (PMS), popularly known as petrol were imported into the country in the first quarter of this year. The NBS made the disclosure…
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Theresa May has announced her decision to resign as the British Prime Minister. Ms May announced on Friday that she will quit as the leader of the ruling Conservative Party and Prime Minister on June 7. She has been battling hard to…
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