The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country lost as much as $100bn in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record low. Kachikwu, who stated this in his...

The Shell Nigeria Exploration and Production Company (SNEPCO) and Nigeria-AGIP Exploration Ltd have asked a Federal High Court in Abuja to set aside an order for the forfeiture of the OPL 245. The chairman of the Economic and Financial Crimes Commission (EFCC) had in an...

...Systemspecs, FG yet to agree on commission About N5.244 trillion has accrued to the Treasury Single Account (TSA) of the federal government so far, the Accountant-General of the Federation, Mr. Ahmed Idris, disclosed in Abuja at a 2-day retreat to review the TSA implementation in...

The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said the Federal Government is determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017.   Speaking in Abuja at the opening of a two-day retreat on the TSA, the...

The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2016. Latest data released by the National Bureau of Statistics (NBS) indicated that DisCos paid N88...

The Airline Operators of Nigeria has said the domestic carriers in the country are being stifled by the manipulation, feasting and pushing of their finances through multiple taxes, charges and levies to the extent that the airlines are now groaning under the pressure and...