FEC Okays N318m For NDDC Forensic Audit   The Federal Executive Council (FEC) on Wednesday approved a contract of N318 million to engage the firm of Olumuyiwa, Bashir and Co. Ltd as Lead Consultant for the forensic audit of the Niger Delta Development Commission (NDDC). The Minister...

Nigeria Can Generate $3.4m From Cashew Export – NEPC   The Nigeria Export Promotion Council (NEPC) has disclosed that Nigeria can earn $3.4 million annually from cashew exports to five countries alone. An export advisory report sourced from NEPC listed the countries as Germany, Poland, Netherlands, United...

Stakeholders Reprimand CBN Over $17bn Illicit Financial Flows   Illicit Financial Flows (IFFs) out of Nigeria may not subside unless the Central Bank of Nigeria (CBN), takes a bold step in designing preventive measures and enforcing regulations that would curb commercial banks and individuals arbitrariness engaged...

Tin Can Customs Targets N47.4bn Monthly Revenue   Ahead of its official revenue generation quota from the headquarters of the Nigeria Customs Service, the Tin Can Island Command has declared that it is already working towards achieving N540bn this year, at a monthly minimum of N47.4bn. The...

Nigeria Lost N4.57trn To Crude Theft In Four Years     Nigeria lost a total N4.57tn to crude oil theft between 2015 and 2018, according to estimates of the Nigeria Natural Resource Charter. This figure, according to the charter, meant that the country lost 43 per cent of...

Pipeline Explosion: Group Files N3.215bn Suit Against NNPC   The N3.215 billion suit filed by a non-profit organization, Access to Justice (A2J), against the Nigeria National Corporation (NNPC) over the Ossisioma Ngwa pipeline explosion has been fixed for 25th February, 2020 for hearing. No fewer than 88...