NLNG Denies Alleged $1.05bn Illegal Withdrawal   The Nigeria LNG Limited has described as untrue the allegation that its Managing Director/Chief Executive Officer, Tony Attah, and the Group Managing Director of the Nigerian National Petroleum Corporation illegally withdrew monies belonging to the company. Economic Confidential reported last...

Reps Seek Relocation Of Oil Tank Farms As NNPC Seeks Time   The House of Representatives has called for the relocation of oil tank farms from residential areas nationwide. Speaker of the House of Representatives, Femi Gbajabiamila made the call while inaugurating an adhoc committee on the...

Lawmakers Probe N5.8bn Abandoned Niger Port     The House of Representatives has resolved to investigate the abandonment of Baro Port in Niger State 19 months after President Muhammadu Buhari, inaugurated the facility. The port was said to have been constructed with N5.8bn. A member of the House from...

Nigerian Legislators Endorse Okonjo-Iweala For DG WTO   The House of Representatives has endorsed a former Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, for the position of Director-General of the World Trade Organisation. The House endorsed Okonjo-Iweala at the plenary following the...

Power Crisis: Reps, BPE Differ On Discos, Gencos’ Performance   The House of Representatives and the Bureau of Public Enterprises have differed on the performance of generation and distribution companies after the privatisation of the power sector by the Federal Government. While the BPE said the privatisation...

House Decry Unending Power Sector Crisis, Failed Privatisation     The House of Representatives has decried the perennial crisis in Nigeria’s power sector. They, at the beginning of a two-day investigative hearing on the Nigerian Power Sector in Abuja on Wednesday, also declared that various efforts by successive...