Humanitarian Scandal: EFCC Recovers N32.7bn, $445,000 In a bid to allay public concerns and provide clarity on the ongoing investigations into the alleged financial improprieties at the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the EFCC has issued a statement detailing the progress...

Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024. Also, the country’s inability to ramp up production in these...

NNPCL, NIPCO Partner to Expand CNG Network NIPCO Gas Limited has partnered with the Nigeria National Petroleum Company Limited to expand the AutoCNG infrastructure nationwide by providing an alternative fuel option for motorists. The Managing Director, NIPCO Gas, Nagendra Verma, announced this on Sunday while giving...

Nigeria to Become World’s Fifth Largest Economy by 2075 – Report Nigeria is on track to become a global economic powerhouse, according to a new report by global investment bank Goldman Sachs. The investment bank forecasted Nigeria’s promotion to the world’s fifth largest economy by 2075...

Why FIRS Generated N12.3trillion in 2023 The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said the organisation witnessed remarkable revenue due to dedication in nurturing and empowering its workforce, and ensuring they possessed the skills, knowledge and tools necessary to excel. Mr. Adedeji,...

Nigeria Oil Output Drops 6.8% to 1.23 mbpd as Libya Emerges Africa's Highest Producer Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from...