The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has alleged that some state governors use insecurity as an excuse to steal public funds. Mr Magu said this while making a presentation on corruption, on Tuesday, at the induction ceremony organised by the Nigerian Governors Forum in Abuja for newly-elected governors. […]
OPEC and other oil producers in the cuts pact are following developments in Venezuela and other countries to ensure an energy crisis is avoided, Secretary General Mohammed Barkindo said Thursday. “Our objective remains as an organization that we will continue to work with all member countries as well as the participating countries in the declaration […]
Some of those cargoes are expected to be absorbed by oil majors’ own refining systems, according to Reuters. The official selling prices of a basket of May-loading crude oil grades were reduced as buyers were reportedly largely reluctant to pick up cargoes offered at and above a premium of $2 compared to dated Brent. Major […]
Edo in South-South, Kano in North West and Plateau in North Central Nigeria are leading in drug seizures and arrests statistics by the National Drug Law Enforcement Agency (NDLEA), Economic Confidential has reported. Data available to this intelligence magazine indicate that out of 100,253 kilograms seized for ten states, Edo state is leading in the […]
In a bid to reinvigorate the fighting capacity of the armed forces in the face of rising insurgency and widespread kidnappings across the country, the federal government said it procured four ships, 37 aircraft and 35 armoured tanks among other weaponry in the past three years. The government said the decision followed the realisation that […]
Federal Airports Authority of Nigeria says it has relocated a total of 14 airlines from the old Nnamdi Azikiwe International Airport to the newly constructed CCECC terminal. In view of this, FAAN in a statement on Tuesday said it might soon start the rehabilitation of the old Abuja airport terminal. It said the airlines had […]
Arewa women and youth groups led by Movers and Shakers Organisation of Nigeria and Northern Emancipation Network, on Tuesday kicked against Hon. Femi Gbajabiamila’s candidacy, describing Hon Nkiruka Onyejeocha as the right person for the position of 9th speaker of House of Representatives. The groups are Movers and Shakers Organisation of Nigeria, Northern Emancipation Network, […]
Nigerian lawmakers have allocated N23.7 billion as severance gratuity for outgoing lawmakers of the National Assembly. The sum will also cover allowances for incoming legislators, their aides, funds for National Assembly induction and inauguration of the 9th Senate. The benefit was captured as a separate line item in the 2019 appropriation bill passed by the […]
A Dutch court said on Wednesday it has jurisdiction to hear a damages suit brought against energy company Royal Dutch Shell by four widows of activists executed by the Nigerian government in 1995. In a preliminary ruling, judges at the Hague District Court said they would allow the suit to go forward, but cautioned that […]