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How Fuel subsidy cost Nigeria $65bn in four years-Kachikwu

Ibe Kachikwu, minister of state for petroleum resources, has said subsidies for petrol and kerosene cost Nigeria $65bn between 2011 and 2015. According to Kachikwu,...

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Exclusive! N104bn Mess: Jonathan, Diezani Part Ways!

Diezani Accuses Jonathan of Dumping Her in High-Wire Survival Plots. UK Probes Omokore, Diezani links in Massive Funds Transfers… How Danjuma, Abdulsalami, Gusau Intervened...

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Lawal, Oke, Petroleum Price Top Agenda As Buhari resumes • Meets AGF, NNPC GMD

After missing three Federal Executive Council, FEC meetings and speculations about his state of health, President Muhammadu Buhari is back on his desk at...

Business

Nigeria Lost $794.22m to Gas Flaring in One Year

Gas flaring activities by the Oil and Gas firms operating in the country has made Nigeria to lose $794.22 million amounting to about N246.209bn...

Energy

Fuel Scarcity Hits Lagos, Abuja…As NNPC blames fuel scarcity on NARTO, PTD strike

A day after the expiration of the three-day deadline given by Major Marketers Association of Nigeria, MOMAN, to stop lifting petroleum products due to...

Energy

FAAC Raises Panel over NNPC’s Unremitted $1.48bn

…Revenue Into Federation Account Drops By N86.42bn The Federation Account Allocation Committee (FAAC) on Monday night constituted a committee to find out the reasons for...

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Ferreira: ‘Probing NNPC Good For Nigeria’

Probing the Nigerian National Petroleum Corporation, NNPC by the in-coming government of Muhammadu Buhari would address the twin problems of corruption and impunity in...

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