Reps condemn $750m annual loss to gas flaring

The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas could have been used to generate electricity for the country.…

Uncompleted projects: Senate chides DPR for paying N1.8bn

The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of Petroleum Resources, to a private firm, Riverman Technologies Limited, for…

Naira gains slightly, exchanges for 473/$

The naira on Monday exchanged at  473/$ at the parallel market, after trading at  477 the previous week. At the Investors & Exporters forex window, the naira hit a high…

Buhari, National Assembly, govs hail Okonjo-Iweala’s emergence as WTO boss

The oceans seemed to have united on Monday as high-ranking politicians from across the political spectrum struggled for space to rejoice at the confirmation of a former Minister of Finance,…

Imo community occupation: Ohanaeze splinter group knocks Uzodimma, soldiers

The Ohanaeze Ndigbo General Assembly Worldwide has asked soldiers to leave Orlu, Imo State. The President-General of the group, Onyeachonam Onuorah, who called for calm in the area, appealed to…

US court sentences international fraudster, Invictus, today

An international fraudster, Obinwanne Okeke better known as Invictus, who was once listed on the Forbes Africa 30 Under 30 will on Tuesday (today) be sentenced by a Virginia Court…

Abiodun hosts five northern govs over herdsmen attacks today

Ogun State Governor, Dapo Abiodun, has disclosed that five northern governors will hold a security meeting with him in Abeokuta today (Tuesday). The governor said this on Monday while leading…

Oyo plans panels on Shasha crisis, Igboho fund hits N22m

Oyo State Governor, Seyi Makinde, said on Monday that his administration would ensure that justice was served for the victims of the clash at the Shasha Market in Ibadan over…

Petrol subsidy may hit N11.2bn per week

• Crude oil price rises above $63 The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as the rise in…

After forfeiting embezzled money, Yari should be prosecuted – SANs, others

Prominent senior lawyers and civil rights groups have said the anti-corruption war of the President, Major-General Muhammadu Buhari (retd.), is not only marked by double standard, but has also been…