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...Denies any outstanding facilities with bank -By Yange Ikyaa The management of Sahara Energy Resource Limited (Nigeria) has stated that the company has no outstanding facilities with the United Bank for Africa…
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-By Yange Ikyaa The Ibadan Electricity Distribution Company (IBEDC) stated that as part its collaboration with the United States Agency for African Development (USAID) it sponsored the Nigerian Society of Engineers (NSE) Ibadan…
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For a country whose total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9…
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Nigeria’s oil production increased in March to 1.73 million barrels per day (bpd) despite efforts by Organisation of Petroleum Exporting Countries (OPEC) to hold back output as part of measures to rein in global oversupply and bolster…
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The Department of Petroleum Resources (DPR) says it has sealed 14 fuel service stations in Sokoto and Kebbi states for selling above control price and suspected diversion of products. Mr Muhammad Makera, the Zonal Operations Controller…
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Anti-corruption crusaders have urged the Economic and Financial Crimes’ Commission, EFCC, to seize former Nigerian minister of petroleum, Dan Etete’s $56 million private jets over his connection to the $1.1 billion oil scam deal…
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The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019. This is revealed in the latest FAAC report released by the National Bureau of Statistics (NBS). The…
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-By Yange Ikyaa The Director of Petroleum Resources DPR, Mr. Mordecai Danteni Baba Ladan has received an award for “Commendable Leadership in the Public Sector” from TEXEM UK. Paul Osu, who is the Head of Public Affairs at DPR…
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Ndu Ughamadu, the group general manager, group public affairs division of the Nigerian National Petroleum Corportation, NNPC has disclosed that the corporation does not inflate or doctor records of its petroleum products importation into…
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The federal government has described as laudable the call for subsidy removal by the International Monetary Fund (IMF). The Minister of Finance, Mrs Zainab Ahmed gave the nod while responding to the call by the Bretton Woods on Thursday…
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