Our financial troubles will end soon, declares PTDF

The Petroleum Technology Development Fund (PTDF) has dismissed reports that it was unable to meet its financial obligation to post-graduate students in some foreign...

NDIMRC faults House Committee chairman on missing oil revenue

Bayelsa-based Niger Delta Indigenous Movement for Radical Change (NDIMRC), has faulted the Chairman of the House of Representatives’ Committee on Finance, Dr. Abdulmumin Jibrin,...

Metering accounts for 80% of consumer complaints

The Nigerian Electricity Regulatory Commission (NERC) has said larger chunks of complaints lodged by electricity consumers in Nigeria were centered on unwholesome electricity metering...

Fashola reiterates opposition to sovereign wealth fund

Lagos State Governor, Mr. Babatunde Fashola (SAN) Monday reiterated his opposition to the operation of the Nigeria Sovereign Investment Authority (NSIA), better known as...

Brent tests $109 on double-whammy of Libya output, US data

Brent crude rose above $108 a barrel on Monday after a new drop in Libya's oil exports revived supply concerns, while strong gains in...

OPEC daily basket price stood at $104.97 a barrel Friday, 25 October 2013

The price of OPEC basket of twelve crudes stood at 104.97 dollars a barrel on Friday, compared with $105.57 the previous day, according to OPEC Secretariat...

Arrested lawyer, vessel with stolen crude missing in Bayelsa

There were signs of heavy silence at the Bayelsa State Police Command at the weekend following alleged disappearance of a PortHarcourt based lawyer identified...

NDDC politics scuttle N250bn yearly infrastructure investment

Politicisation of the Niger Delta Development Commission (NDDC) is denying Nigerians, especially those in the region after which it is named, an annual infrastructure...

FG may lose 7% revenue to states, LGs under new formula

The Federal Government may lose about seven percent of its current share in the Federation Account to states and local governments in the revenue...

Setting a new revenue sharing formula

After about two years of tortuous journey aimed at producing a new revenue sharing template for the tiers of government, the Revenue Mobilisation Allocation...

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