Nigeria Lost N217bn to Gas Flaring in 2016 The country lost at least N217bn last year as oil and gas companies flared a total of 244.84...
FG, States, LGs Share N465bn as Allocation Increases The three tiers of government got a total of N465.149 billion as January 2017 allocation from the Federation...
CAC Delists 38,000 Companies for Failing to File Returns The Corporate Affairs Commission on Tuesday said it had delisted the names of over 38,000 companies from...
Govt’s Local Debt Hits N10.8tn, Owes Foreign Creditors $11.5bn As of September 30, 2016, the Federal Government’s indebtedness to local creditors stood at N10.8tn, while external...
NNPC Records $2.45bn Crude oil Export Sale in One Year The Nigerian National Petroleum Corporation (NNPC) has said that $2.4 billion export sale was recorded in...
16 Power Turbines Now Functional, Generation Rises About 16 power generating turbines have in the last one week become functional and pushed up electricity generation from...
Illegal Petrol Vessel Seized in Lagos, Depot Sealed The Department of Petroleum Resources has announced the seizure of a vessel, MT JAZI, discharging Premium Motor Spirit...
Nigeria’s Debt Profile Now $57.39bn The Debt Management Office, DMO, said yesterday that the nation’s total debt profile currently stood at $57.39 billion. Director-General of DMO,...
NIRSAL Unveils Scheme to Increase Farmers’ Profit The Nigerian Incentive Based Risk Sharing for Agricultural Lending has commenced a scheme that will make it possible to...
Refineries Performed Below 15% in 2016 The consolidated operational performance of Nigeria’s three refineries based on their capacity utilisation was below 15 per cent in 2016,...