Reps Investigate N11 Billion Disappearance of Petroleum Product....As Refineries Meet 60% of Domestic Kerosene Consumption The House of Representatives Committee on Petroleum Resources(Downstream) is investigating the disappearance of N11 billion worth of petroleum products belonging to the Nigerian National Petroleum Corporation(NNPC). The Committee Chairman, Hon. Joseph...

The Chairman of Capital Oil, Mr Ifeanyi Ubah, currently embroiled in crisis with Nigerian National Petroleum Corporation (NNPC) over product diversion, has alleged the corporation is owing him N16 billion. NNPC has been tackling Ubah over N11 billion which it claimed was the worth of...

Acting President Yemi Osinbajo has approved the release of N1.6 billion from the Ecological Fund to 15 states affected in the recent flood witnessed across Nigeria. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, disclosed this to State House correspondents...

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’ Ikeja, Lagos, has intercepted contraband with a Duty Paid Value (DPV) of N200.99 million between June and July. The Controller of the unit, Mohammed Garba, said this at a news conference on Wednesday in...

The Minister of Finance, Mrs. Kemi Adeosun has said that Nigeria must not borrow more to fund its budget and should instead raise money internally to fund the budget. This is just as Acting President Yemi Osinbajo also solicited the co-operation of the private sector...

Acting President Yemi Osinbajo has said that President Muhammadu Buhari is in good spirit and recuperating very fast. He made the disclosure to State House correspondents just before entering the Council Chamber to start the weekly Federal Executive Council (FEC) meeting. Osinbajo, who left Nigeria on...