The House of Reps on Wednesday ordered an investigation into alleged “multiple statutory violations” by the Bureau of Public Enterprises. Lawmakers took the decision in Abuja, following complaints by the Fiscal Responsibility Commission that the BPE was in frequent breach of the provisions of the...

Should the lull in power supply persist, the sector’s revenue loss will be about N809.8 billion by next January, the Executive Secretary, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has said. Besides, payment for electricity bills has fallen substantially as only 35 per cent...

The Economic and Financial Crimes Commission (EFCC) is looking into the roles played by two former National Security Advisers – Gen. Aliyu Gusau and the late Owoye Azazi – and two former Attorneys-General of the Federation on the facilitation of a $200million settlement agreement...

The Nigerian National Petroleum Corporation (NNPC) said it remitted $180.93million into the Federation Account in August. It said the performance was poorer than that of the preceding month when the corporation received a total of $212.25million. The corporation’s monthly financial report explained: “Total export proceeds of...

The Association of Electricity Distribution (ANED) in Nigeria has faulted the statement credited to a business mogul, Alhaji Aliko Dangote, the president of Dangote group that the power privatization should be reversed by the federal government. Dangote had last week in Jos said that the...

Stakeholders from the Niger Delta under the aegis of the Pan Niger Delta Forum attributed the renewed militancy in the region to what they called alienation and lack of meaningful development of the region. They said they had consulted widely and had come up with...