The Federal Government withdrew the sum of N359.39bn from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015, the Fiscal Responsibility Commission has said. The FRC said this in a report on the Excess Crude Account obtained by...

A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how over N11 trillion meant to provide regular electricity supply was allegedly squandered under democratic governments in Nigeria. According to the report, “The total estimated financial loss to Nigeria from corruption in...

How Nigeria Squanders N11tr for electricity A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how over N11 trillion meant to provide regular electricity supply was allegedly squandered under democratic governments in Nigeria. According to the report, “The total estimated financial loss...

The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, reiterated that it has not launched a recruitment campaign of any kind for now. The latest clarification is coming on the heels of a fresh recruitment advert purportedly from the Corporation being circulated by...

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has continued consultations on the draft 2018 – 2020 Medium Term Expenditure Framework (MTEF) with a session with the leadership and heads of relevant committees of the National Assembly. The meeting which is in keeping...

The Nigerian Society of Engineers (NSE) has commended the Nigerian National Petroleum Corporation (NNPC) for stabilizing the supply and distribution of petroleum products and for crashing the price of Automotive Gas Oil (AGO) otherwise known as diesel across the length and breadth of the...