MDAs Failed To Remit N1trn Revenue - FRC
Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the Fiscal Responsibility Commission announced on Wednesday.
It also announced that the FRC and the Independent Corrupt Practices and...
Nigeria Loses N151.78bn Crude Oil Monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday.
Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the...
Afrexim Bank Okays $2bn For COVID-19 Vaccines For Nigeria, Others
The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to support the purchase of 270 million doses of COVID-19 vaccines for African countries, including Nigeria.
President of the bank, Prof. Benedict...
11 DisCos Failed To Remit N160.1bn In Q2, 2020
The Nigerian Electricity Regulatory Commission (NERC) said the 11 electricity Distribution Companies (DisCos) failed to remit N160.1 billion in Second Quarters (Q2 2020) to the Market Operator (MO) of the Transmission Company of Nigeria (TCN).
In the...
$2.6bn Pipeline Project: Reps Grill NNPC, Contractors
The House of Representatives has begun investigation of alleged breach of Nigeria’s laws on local content in the execution of the Federal Government project to construct a gas pipeline from Ajaokuta to Kano.
The House Committee on Local Content,...
Senate Begins Probe Of Missing PHCN N27bn Pension Funds
The Senate on Monday opened investigation into the alleged ‘missing’ N27bn meant for the payment of the pension of former staff of the defunct Power Holding Company of Nigeria.
The probe by the Senate followed a petition...
