NNPC: Nigeria’s Supposed Cash Cow Now Debt Cow – Source

The Nigerian National Petroleum Corporation (NNPC) was unable to meet its debt obligations as due in January, as a result of inadequate finances, documents seen by correspondence have shown.

Minimum Wage: Gov. Umahi Calls For Revenue Sharing Formula Review

Ebonyi state governor Engr. David Umahi has furthered another awakening call for the review of the current revenue sharing formula to enable states adequately take care of its workers.

Oil And Gas Pipeline Relocation Hampers Rail Track Project Completion

The December 2018 deadline set for completion of the $1.5b Lagos-Ibadan rail project, may not be feasible, The Guardian has learnt. Investigations revealed that the project appears to have...

NEMA Fund Indictment: Osinbajo Dusts The House Of Reps.

Nigeria’s Vice President. Prof. Yemi Osinbajo on Friday rubbished the report of the House of Representatives Committee on Emergency and Disaster Preparedness, which indicted the National Emergency Management Agency, NEMA,...

N5.8bn North East Intervention Fund: Reps Indict Osinbajo Over Illegal Approval

The green chambers has indicted the governing board of the National Emergency Management Agency (NEMA) chaired by the Vice President Prof. Yemi Osinbajo over "illegal approval of N5.8 billion...

Minimum Wage: Atiku Orders Payment Of N33,000 To His Workers

While the Federal Federal Government is yet to take off with the payment of the N30,000 minimum wage as recommended by the Pepple committee, the Peoples Democratic Party (PDP)...

USA Becomes World’s Biggest Crude Oil Producer

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the...

$10bn MTN, Standard Bank Nigeria Debt Dispute, A Threat To SA Financial System

The South African apex bank, South African Reserve Bank (SARB) said on Wednesday that billions of dollars in fines owed by South African companies MTN and Standard Bank to...

Minimum Wage: Buhari Receives Tripartite Committee Report

The Tripartite Committee on the Review of National Minimum Wage, led by Ms. Amaopuoruba Amal Pepple have submitted their report to the president. President Muhammadu Buhari...

$1.05bn NLNG Dividend: Senate Sets Up Committee To Investigate Alleged Illegal Withdrawal By NNPC

The Red chamber on Tuesday set up a committee to investigate the alleged unauthorized withdrawal of $1.05 billion dividend fund by the Nigerian National Petroleum Corporation, NNPC, from the account...

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