Revenues from Nigeria’s oil sales declined by over two-thirds between September last year and July this year with “dire consequences” for Africa’s largest economy, the Nigerian National Petroleum Corporation has said. “The receipts witnessed a sharp decline of more than 67 percent from September 2014, when the receipt was at …
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Three more ministers of ex-president Goodluck Jonathan risk arrest for graft and money laundering following Diezani Alison-Madueke’s arrest in London on Friday for alleged financial sleaze. A source in one of the anti-graft agencies under anonymity said Alison-Madueke is “just one of the few cases of ex-ministers under investigation.” …
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President Muhammadu Buhari on Tuesday named himself as Nigeria’s petroleum minister. Buhari said he would personally head the Ministry of Petroleum Resources in the new cabinet,although there would be a Minister of State for Petroleum Buhari Addressing some select reporters in New York on Tuesday, after addressing a Global Leaders’ …
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The President of Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has said all those campaigning for the withdrawal of fuel subsidy as a pre-condition for investment in the downstream sector of the oil industry are not friends of the country and the masses. Wabba said the new Group Managing Director …
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