When a place called Nigeria continues to exhibit endless lines of conflicted management security controls and poor information security controls everywhere, everything and everyone remain unsafe. In what appears to be a functional tribal and religion-oriented democracy where tilted type “leadership” mannerisms prevail, system disorders will manifest across our institutions and the … [Read more…]
Nigeria has recorded her worst global rating on Corruption Perception Index since 2015. In the 2020 index released yesterday by the Civil Society Legislative Advocacy Centre (CISLAC), the country’s chapter of TI, Nigeria scored 25 out of 100 points, dropping to 149 out of the 183 countries surveyed, taking the nation three steps down … [Read more…]
The nation’s refineries lost a total of N152.08bn in 15 consecutive months of being idle, the latest data from the Nigerian National Petroleum Corporation have shown. Analysis of data collated from NNPC monthly reports revealed that all the refineries did not refine crude oil from July 2019 to September 2020. The refineries, which … [Read more…]
The Federal Government has recorded a N4.45 trillion deficit spending in ten months. The deficit which climbed by 17 per cent, year-on-year (y/y), against N3.8 trillion recorded in the corresponding period of 2019. The sharp increase in deficit was driven by the decline in revenue which worsened in October, falling by 6.5 per … [Read more…]
The Senate Public Account Committee has described as unacceptable the payment of N98.4m by the Petroleum Resources Ministry for the printing of leaflets. The flyers, according to the 2015 Auditor-General for the Federation’s report, was meant to create awareness campaign for the Petroleum Industrial Bill. The report, currently being scrutinised by the National … [Read more…]
The Nigerian National Petroleum Corporation on Sunday announced a total export receipt for crude oil and gas valued at $120.49m for the month of September 2020. NNPC’s Group General Manager, Group Public Affairs Division, Kennie Obateru, said the figure was contained in the September 2020 edition of the corporation’s Monthly Financial and Operations Report. He … [Read more…]
The immediate past President-General of the Ohanaeze Ndigbo socio-cultural group, Chief John Nwodo, has called on the Federal Government to initiate and conclude the process of restructuring the country before the 2023 elections to avoid a situation where some sections of the country may boycott the exercise. He said Nigeria used to be … [Read more…]
The All Progressives Congress and the Peoples Democratic Party on Friday clashed over the worsening insecurity in Nigeria. This was as the nation marked the 2021 edition of the Armed Forces Remembrance Day. While the APC urged Nigerians to avoid playing politics with the issue of security, the PDP advised the APC to end propaganda … [Read more…]
A former governor of Anambra State, Mr Peter Obi; the Catholic Bishop of Sokoto Diocese, Matthew Kukah and the Northern Elders Forum said on Thursday that Nigeria was repeating its mistakes that led to the civil war which lasted from July 6, 1967 to January 15, 1970. Speaking at a webinar, they cautioned … [Read more…]
The President, Major General Muhammadu Buhari (retd.), on Thursday, described the Boko Haram attacks in the North-East as occasional problems. He, therefore, appealed to his critics to be fair when criticising his regime. The President said they should compare his achievements with those of his predecessors and the problems he inherited. The President, … [Read more…]
Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the Petroleum Exporting Countries and its allies. OPEC disclosed this on Thursday in its report for January, saying a meaningful rise in oil prices would brighten Nigeria’s economic outlook this year. The … [Read more…]
The Federal Government on Wednesday announced the disbursement of another N123.348 billion under its States Fiscal Transparency Accountability and Sustainability (SFTAS) programme. The money is a performance-based grant to the states. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this in a statement by Mr. Hassan Dodo, the Ministry’s Director … [Read more…]