The Chief Financial Officer (CFO) of Nigerian National Petroleum Company Limited, Adedapo Segun, has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023. According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs….
The University of Lagos (UNILAG) has unbundled its Department of Mass Communication from the Faculty of Social Sciences to establish a new Faculty of Communication and Media Studies (FCMS). Professor Oloruntola Sunday, former Head of the Mass Communication Department, was unanimously elected as the pioneer Dean of the newly created faculty, while Dr. Ebony Oketunmbi…
A World Bank Group’ Senior Economist, Samer Matta, want Nigeria to create a more conducive business environment to attract investors into the country. He spoke at the Major Marketers Association of Nigeria(MEMAN) quarterly Webinar with the theme “Fair and Healthy Competition,” The world bank Chief noted that businesses policies in most sectors of the economy…
Iran’s oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from TankerTrackers.com. That’s an increase off 44% compared with the year through…
The Transmission Company of Nigeria (TCN) has inaugurated its newly constituted seven-member Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee. The Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) programme is an Order and a critical component designed by the Nigerian Electricity Regulatory Commission (NERC) to enhance the operational efficiency and financial sustainability of the power sector,…
The Federal Government is set to sign over 30 Memoranda of Understanding (MoUs) as Nigeria prepares to host the second session of the Nigeria-Brazil Strategic Dialogue Mechanism (SDM), scheduled to begin on Monday, June 23, 2025. Key sectors driving this renewed investment initiative include agriculture, energy, defence, innovation, and the creative economy. The three-day event…
Dangote Refinery says it has deployed 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers to ensure nationwide delivery of petroleum products. The above development, according to industry experts, will not only disrupt existing supply chains but also address two chronic issues in Nigeria’s downstream sector: frequent fuel tanker accidents and perennial strike threats by petroleum tanker…
The House of Representatives has invited the Minister of Finance, Wale Edun and Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso to appear before it on Monday over alleged internal control weaknesses in the 2021 Auditor General’s reports and non-compliance with the provisions of Fiscal Responsibility Act, 2007. The House joint committee…
This is because the Nigerian Upstream Petroleum Regulatory Commission says it is set to implement the ‘drill or drop’ policy of the Federal government. The Chief Executive of the NUPRC, Gbenga Komolafe, made this known when he received a delegation from the Independent Petroleum Producers Group at the commission’s headquarters in Abuja. Komolafe emphasised that…
Nigeria has called for a global cooperation to disrupt financial support networks and counter terrorist travel among African sub-regions. Nigeria made the call in its statement at a meeting of senior diplomatic officials from the Small Group of the Global Coalition to Defeat ISIS/Daesh in Madrid, Spain. The text of the statement from the meeting,…
