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The House of Representatives on Wednesday asked its Committees on Finance, Petroleum (Upstream and Downstream) to investigate reports from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission “alleging that the NNPC (now Nigerian National Petroleum Company Limited) withheld N8.48tn as claimed subsidies for petrol.” The House further stated that “the investigation will address the NEITI report stating that NNPC…
The National Association of Seadogs (Pyrates Confraternity) has raised the alarm over Nigeria's rising debt profile, saying such borrowings could further sink the economy. The group, in a statement by the NAS Capn, Dr Joseph Oteri, said President Bola Tinubu's latest $2.209bn external borrowing request to partially finance the 2024 budget deficit of N9.179trn, which the National Assembly has…
Afrexim Bank has announced the disbursement of $925 million- another tranche of the $3.3 billion crude oil-backed loan agreement it entered into with the NNPC last year. The bank disclosed this in a statement on its website stating that the current disbursement brings the total payment for the facility to $3.175 billion. The bank explained that the current payment…
A video making rounds on social media has captured a peculiar punishment…
A security operative was, on Monday, captured gunning down a…
The National Judicial Council, NJC, on Friday found two Heads of…
Controversial crossdresser, Idris Okuneye, who is currently under detention at the…
Emmanuel Ijewere, the former president of the Institute of Chartered Accountants of…
The organised private sector, Ekiti, Sokoto, and other states have faulted…
At least 150 persons have been reported missing following a boat…
The controversy over alleged distribution of palliatives to federal lawmakers intensified…
The Kano State Police Command has arrested three persons for possessing…
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Modern technology has become a total phenomenon for civilization, the defining force of a new social order in which efficiency is no longer an option but a necessity imposed on all human activity.
Saudi Arabia has announced the dates for the 2024 Eid Al-Ahda, popularly called Sallah in Nigeria, and Arafat. The Saudi Arabia Supreme Court announced the dates on Thursday,…
