Exposed! How NNPC inflated AKK Gas pipeline project by $1.527bn
Another broth of corruption is brewing at the Nigerian National Petroleum Corporation, NNPC, with the inflation of the 614km Ajaokuta-Kaduna-Kano, AKK, natural gas pipeline project by $1,527,846,000, equivalent to N615…
US links stolen Amnesty money to Air Peace, Allen Onyema, Kuku, others
The United States Department of Justice has alleged that billions of naira stolen from the Presidential Amnesty Programme by a former head of the office, Mr. Kingsley Kuku, were transferred…
$9.6bn Judgment Debt: We knew contract was a scam; we’re vindicated – Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed has said that the Friday judgment of a UK Commercial Court suspending the execution of a 9.6 billion dollar judgment debt…
Bad state of Emene depot: South East to pay more for petrol
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Enugu depot, has warned that petrol may cost more in the South-East, should the Federal Government fail to reactivate the Emene depot….
EFCC returns N147m looted from Kwara treasury; indicts contractors
The Economic and Financial Crimes Commission (EFCC) Kwara Zonal Office, has handed over the sum of N147.7 million recovered from suspected treasury looters to the Kwara Government. The handover was…
We must remember the country is broke, can no longer afford subsidy – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says we all must remember the country is broke and can no longer afford subsidy. MOMAN’s Chairman, Mr Tunji Oyebanji made the…
VP Doutte dumps Jumia; investors, staff fret over their future
Barely one year after it suffered class litigations in the United States for alleged false information at its listing on the New York Stock Exchange, NYSE, Jumia is facing another…
UBA rides Covid-19 tail, records N300bn half year earnings
United Bank for Africa (UBA) Plc, has shown why it is Africa’s leading financial institution as its audited financial results for the half year ended June 30, 2020, showed a…
Nigeria aims to have 50 mines in operation by 2023
Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of COVID-19 on development of the nascent sector, the…
Nigeria paid $14 mn for fuel in June despite subsidy removal – NNPC
Nigerian National Petroleum Corporation, NNPC, recorded a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in an effort to eliminate subsidies. State…