The Petroleum Act, revenue allocation & the descent into financial anarchy It might have started as a misinterpretation of the forays of British Petroleum and Amoco in the Middle East o... Read more
The Federal Government has so far spent a total of N2.7tn on the power sector from 1999 to date, the Permanent Secretary of the Ministry of Power, Mr. Goodknows Igali, has disclosed. This fi... Read more
JP Morgan will remove Nigeria from its Government Bond Index (GBI-EM) by the end of October, no thanks to foreign exchange market manipulations by the country’s financial authorities.... Read more
United Bank for Africa grew its earnings by a massive 21 percent to N166.9 billion in the first half, compared to N138.2 billion in the same period of June 2014. UBA’s audited 2015 hal... Read more
FBN Holdings Plc has announced massive restructuring which has resulted in the removal of its Managing Director, Bisi Onasanya. He has been replaced by Dr. Adesola Adeduntan, the current Exe... Read more
Rivers State Government under Governor Nyesom Wike completed 42 roads in three months. According to Wike, 30 other roads were nearing completion. The governor, who spoke in Port Harcourt whi... Read more
The Senate will on Tuesday begin investigation into the dispensation of funds to power sector, which has gulped tens of billions of dollars since 1999 without commensurate returns. They are... Read more
President Muhammadu Buhari on Monday handed down a Tuesday, September 15, 2015 deadline for all Federal MDAs to comply with the Treasury Single Account (TSA) directive. Recent reports indica... Read more
Nigeria’s capital city of Abuja is about to get a new heart: a brand new World Trade Center complex. The development is expected to open to the public early next year after the complet... Read more
As part of the reforms at the Nigerian National Petroleum Corporation has initiated moves to recover over $7 billion in over-deducted tax benefits from JV Partners on major capital projects.... Read more