Governor Willie Obiano of Anambra State has kept the promise of prompt payment of workers’ salaries on the 25th of every month when most states in the country have not paid their workers in the last two months due to…
NNPC has questions to answer over remittances to FAAC, says NEC (ThisDay)
The National Economic Council (NEC) Thursday in Abuja threw its weight behind the Federation Account Allocation Committee’s (FAAC) decision to reject the remittance by the Nigeria National Petroleum Corporation (NNPC) into the Federation Account in May. The Wednesday meeting of the committee had ended…
Only an angel can run NNPC honestly, says Sanusi (Punch)
The Emir of Kano, Muhammadu Sanusi (II), says the subsidy regime in the Nigerian National Petroleum Corporation has compromised the corporation to the extent that only an angel may be able to run the corporation honestly. Sanusi said this during…
How $8.5b was released for power projects in 13 years (Nation)
The controversy over the $16billion power projects in the country raged on yesterday with a highly-placed source linked with the Niger Delta Power Holding Company (NPDHC) claiming that between $$8.4billion and $8.58billion, out of the projected cash, was allocated. The…
States should be responsible for Fuel Subsidy – Govs (Leadership)
Governors under the aegis of the Nigerian Governors Forum (NGF) have suggested that each state should be responsible for the payment of subsidy claims according to the daily consumption rate of the state. Zamfara State governor and NGF chairman, Abdulaziz…
Senate indicts NNPC for illegal fuel subsidy, orders N216bn refund (Punch)
The Senate has declared the current payments by the Nigerian National Petroleum Corporation for subsidy of premium motor spirit (petrol) illegal. It asked the corporation to refund the sum of N216bn spent for the purpose in 2017 under the guise…
Why Nigeria may miss targets for oil reserves (Guardian)
A 10-year target set by the Federal Government to boost crude oil reserves to 40 billion barrels and daily production to four million by 2020 is becoming unrealistic due to uncertainties that decrease investments in the sector. Indeed, instead of…