The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Mr. Waziri Adio, said the Nigerian National Petroleum Corporation withheld $12.9bn revenue between 2005 and 2013. He added that the 2013 Oil and Gas Audit Report revealed that some government agencies like the NNPC and...

FBN Capital Limited says it is committed to the growth of the Nigerian economy and will continue to boost investment banking in the country. The lender said it would raise the bar of investment financing by rending sound professional services. The banker stated this after it...

The Federal Executive Council (FEC) met yesterday and approved the 2016-2019 Debt Management Strategy. Briefing State House reporters after the meeting chaired by Acting President Yemi Osinbajo, Finance Minister Kemi Adeosun said since the previous debt strategy expired last December, a new one was needed. She...

As part of its contribution towards the development of entrepreneurs in the country, the Central Bank of Nigeria (CBN) has commenced a three-day training programme for stream one applicants of its Youth Entrepreneurship Programme (YEDP) in the South-west zone. The central bank explained that the...

 *As Senate sets up 9-member c’ttee to investigate $5.9bn stolen oil Nigeria does not know the quantity of crude oil it produces at the moment, Nigeria Extractive Industry Transparency Initiative, NEITI, has said. The revelation came as the Senate set up a nine-member ad-hoc committee to...

The Senate is set to scrap the Nigerian Ports Authority, NPA, through the modified Ports and Harbours bill which seeks to create a new body to be known as Nigerian Ports and Harbours Authority. The new bill which replaces the old one that has been...