Senate Panel Summons Mele Kyari, Ex-NNPCL Officials Over ₦210Trn Discrepancies
Nigeria’s Senate Committee on Public Accounts has summoned former Mele Kyari and members of his management team over alleged financial discrepancies totaling ₦210 trillion. The investigation focuses on issues discovered in the audited financial records of Nigerian National Petroleum Company Limited between 2017 and 2023. The committee chairman, Ahmed Wadada, said the summons followed what […]
Oil revenue: Nothing wrong with Tinubu’s order – Chairman State Finance Commissioners
The Chairman of the Forum of State Commissioners for Finance, Akintunde Oyebode, has defended President Bola Tinubu over his directive on oil revenue remittance. Speaking on Arise Television, Oyebode said there was nothing negative about the Executive Order aimed at strengthening the oil and gas sector. He explained that the directive seeks to improve revenue […]
Fuel consumption in Nigeria soars to 63.7 million liters per day
Nigeria’s daily fuel consumption has increased significantly, reaching about 63.7 million litres per day. This rise reflects growing demand across the country, driven by transportation needs, power generation, and increased economic activity in major cities. Industry data shows that fuel use remains high due to unreliable electricity supply, forcing households and businesses to depend heavily […]
Poor maintenance culture crippling Nigeria’s refineries — IDC President, Shadiya
The President of the Independent Downstream Committee (IDC), Shadiya, has blamed Nigeria’s struggling refineries on poor maintenance culture over the years. According to her, the country’s refineries were not properly serviced and upgraded, leading to frequent breakdowns and long periods of inactivity. Shadiya explained that regular maintenance is critical for refinery performance, but this was […]
Rivers Police Nab Five for Operating Fake Job Scam in Oil and Gas Sector
The Rivers State Police have successfully dismantled a fraudulent operation promising fake job opportunities in the oil and gas sector. Five individuals have been arrested in connection with the scam, which deceived victims into paying significant sums of money for non-existent employment.15 On August 29, 2024, the Rivers State Police received crucial information about a […]