Business

The Tantita Security Services Nigeria Limited, TSSNL, a surveillance company operated by ex-militant leader, Government Ekpemupolo, alias Tompolo, has discovered another huge illegal pipeline connected to the 48-inch Trans Forcados Export Trunk line, at the rear of a military security post in Burutu Local Government Area, Delta State. Sources said …

Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, on Saturday, queried the volume of Nigeria’s daily consumption of Premium Motor Spirit also known as petrol. Sanusi described as unbelievable the claim by the Nigerian National Petroleum Company (NNPC) Limited that Nigeria consumes 66 million litres of fuel …

The Senate has passed for second reading the N607.962bn 2022 budget by the Federal Capital Territory, Abuja. The appropriation bill was passed on Wednesday after several objections over the lateness of the presentation of the 2022 budget. The upper legislative chamber consequently, ordered the authorities of FCT, to make available, …

Governor Nasir El-Rufai of Kaduna State on Thursday said the Federal Government has failed in the oil and gas business and should get out of the sector. The governor spoke on a Television’ Programme on the occasion of the seventh edition of KadInvest, an annual event organised by the Kaduna …

The Bank of England has moved to ease concerns about the expiry at the end of this week of its emergency programme to calm turmoil in the government bond market, including a doubling of the maximum size of its planned debt buy-back. After finance minister Kwasi Kwarteng alarmed investors with …

The Federal Government with funding support from the World Bank has kicked off a 2.5MW solar hybrid power project at the Afaka Campus of Nigerian Defence Academy, Kaduna, The PUNCH reports. The project being implemented by the Rural Electrification Agency under the Energizing Education Programme phase two, according to the …

President Muhamamdu Buhari has promised Nigerians that his last days in office will see a much more improved security system across the country. President Buhari gave this assurance on Friday during his record N20.51 trillion proposed budget for the 2023 financial year. made to the members of the National Assembly. …

President Muhammadu Buhari on Friday appealed to members of the National Assembly to desist from approving the budgets for Government Owned Enterprises without undergoing proper protocols. The N20.51 trillion budget dubbed ‘Budget of Fiscal Consolidation and Transition’ was presented by the president and is the last he will present before …

Speaker Femi Gbajabiamila has called on the Federal Government to try suspected oil thieves for treason. Gbajabimila made this call while presenting the vote of thanks after President Muhammadu Buhari laid the 2023 Appropriation Bill, titled: “Budget of fiscal sustainability and transition” to a joint session of the Ninth National …

President Muhammadu Buhari on Friday pushed for the removal of fuel subsidy in 2023, saying that the policy is not sustainable considering current economic realities. He shared the position while presenting a N19.76 trillion 2023 budget proposal to the National Assembly. He said, “Petrol subsidy has been a recurring and …