Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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EFCC Drags Ex-Port Harcourt Refinery MD To Court Over Alleged Fraud
The Economic and Financial Crimes Commission has arraigned Ahmed Dikko, former Managing Director of the Port Harcourt Refining Company Ltd, over alleged money laundering and economic fraud. Dikko was arraigned on Wednesday
Rejecting ₦100 Note Attracts Sanctions-CBN
The Central Bank of Nigeria warned that refusing to accept ₦100 bank note is a violation of the Central Bank of Nigeria Act 2007. It urged the public to report any individual,
Questions Over World Bank Power Projects In Nigeria
World Bank-funded interventions in Nigeria’s power sector are facing fresh scrutiny over effectiveness, value for money, and long-term impact. While the projects are designed to expand access and strengthen infrastructure, industry watchers
NNPC Seals Six Strategic Gas Deals To Boost Energy Security
The Nigerian National Petroleum Company Limited, NNPC has entered into six landmark gas deals with key partners to strengthen Nigeria’s energy security. The agreements cover MoUs, Gas Supply Agreements, and gas transportation
Africa Still Attracts Low Energy Investment Despite Vast Resources-Ojulari
Despite its huge endowment of natural gas, oil, and renewable energy, Africa continues to receive only a small portion of global energy investment, the Group Chief Executive Officer of the Nigerian National
Shell, NNPC Working To Support Nigeria’s Growth
Shell Nigeria says it continues to drive Nigeria’s development through revenue generation and social investments. Business Value Manager, Chidi Nkazi, made the remark while conducting the Minister of State for Petroleum Resources,
Tinubu Orders Probe Of Presidential Foreign Intervention Promotion Council
President Bola Tinubu has ordered the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to probe the activities of Presidential Foreign Intervention Promotion Council. He directed that the investigation be concluded
PSC Dismisses 4, Sanctions 31 Police Officers Over Misconduct
The Police Service Commission has dismissed four senior police officers and sanctioned 31 others on account of misconduct and professional breaches. The decisions were taken during the Commission’s plenary meeting at its
Oil Output Hits 1.8m bpd, FG To Review 270 Levies
Nigeria’s crude oil output has hit 1.8 million barrels per day, the Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, has said. He disclosed this on Tuesday while declaring open
We Can’t Intervene In N1.3 bn PFIPC Controversy Without Petition – Senate
The Senate cannot intervene in the controversy surrounding the alleged fake Presidential Foreign Intervention Promotion Council without receiving a formal petition. Senate Spokesperson, Senator Yemi Adaramodu, disclosed this on Tuesday after plenary
