NewsReports

The 2013 audit and financial report of Nigeria’s oil and gas industry undertaken by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Nigerian National Petroleum Corporation (NNPC) did not remit the $12.9 billion it received from the Nigeria Liquefied Natural Gas (NLNG) Company over an eight-year period to the federal government. The report was presented monday in …

Former President Goodluck Jonathan has disputed THISDAY’s monday report that he had opted to go on exile in Cote d’Ivoire, confirming, however, that he was indeed in the West African country, but was not in exile. Speaking exclusively to THISDAY on the phone monday, the former president confirmed that he had been out of the country for over a month, …

Convicted former Director General of Nigerian Maritime Administration and Safety Agency, NIMASA, Temisan Omatseye, has appealed the five year – jail term slammed on him by Justice Rita Ofili-Ajumogobia of a Federal High Court sitting in Lagos. Omatseye was prosecuted by Economic and Financial Crimes Commission, EFCC, on a 27-count charge of bid rigging and contract splitting worth N271 million …

Governor Nyesom Wike of Rivers State, yesterday, justified last Saturday’s removal of Senator Ali Modu Sheriff as national chairman of Peoples Democratic Party, PDP, at the Port Harcourt convention, saying the party under the erstwhile leadership was headed towards the precipice. Wike’s justification of Sheriff’s sack was welcomed by Prof. Jerry Gana, leader of the PDP Concerned Stakeholders, who convened …

The US has lifted a decades-old arms embargo on Vietnam in a historic move that follows the country’s growing assertiveness against China’s influence in the region. Speaking on a visit to Hanoi, Barack Obama said Washington had fully lifted “the ban on the sale of military equipment to Vietnam that has been in place for some 50 years”. Obama is …

Donald Trump released his second annual personal financial disclosure statement last week. It was the largest ever and “tremendous”, according to Trump. And it did indeed show that the Trump brand appears to be thriving, financially speaking. But what remains unclear is whether this kind of financial wellbeing is a substantial, blue-chip prosperity, or whether it’s of the frothy Groupon …

Nigeria Labour Congress, NLC, led by Mr. Ayuba Wabba, yesterday suspended its ongoing nationwide strike to force the Federal Government to reverse the N145 per litre pump price of petrol and resolved to resume negotiation with the government. This came as the Joe Ajaero led faction assured that labour would engage the federal government to ensure there was a time …

Adams Oshiomhole of Edo State says Nigeria is going through a very difficult period in the face of the dwindling resources accruing to the government, he, however, said that the hard times will not last and the government will be able to fulfill its obligations. Speaking while playing host to the members of the National Association of Professional Women Builders …

Chibok parents refuted the Nigerian Army’s report that the second rescued girl, Serah Luka, was among the 219 kidnapped by Boko Haram on April 14, 2014. A girl, Amina Ali, believed to be among the Chibok schoolgirls, was announced rescued from the hands of the terrorists on Wednesday. The army had again said in a statement on Thursday that its …

The South East Zone of the All Progressives Congress, APC, yesterday, said the rescue of one of the 219 Chibok school girls who were abducted in 2014 has laid to rest claims by the then President Goodluck Jonathan’s administration that the abduction was a scam. Zonal spokesperson of the party, Osita Okechukwu, said in a statement that the rescue of …