Reps Fault Banks, Begins Probe Of $30bn Revenue
The House of Representatives’ Joint Committee on Finance, Banking and Currency has begun an investigation of the leakages amounting to $30bn annually in the transfer of funds to execute international contracts, interbank transfers, among others.
At its inaugural...
Foreign Direct Investment Dipped By $30m In January – CBN
Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on Wednesday.
According to figures obtained from the CBN’s January report on...
Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions
Nigeria’s oil and gas industry has continued to record heavy drop in investments for many years and in the last five years the sector has suffered more inactivity as over $30 billion projects are still...
Court Can’t Stop $30bn Revenue Leakage Probe – Lawmakers
The House of Representatives has said that no court can stop the legislature from investigating or exposing corruption in the country.
Chairman, House of Reps Committee on Finance, James Faleke, stated this in Abuja, yesterday, at an...
Lawmakers Summon Banks, Others Over $30bn Forex Racketeering
The Joint House of Representatives committees on finance; banking and currency will on Monday begin an investigative hearing into an alleged forex racketeering.
To this effect, the panel has summoned 24 banks and 14 oil companies, according to...
Oil Firms May Stake $30bn On Exploration This Year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.The revelation contained in a forecast released yesterday, by a...
