Finance articles

Battle to recover $15b gas sales dividends begins

Detectives are probing the whereabouts of $15.8billion Nigeria Liquefied Natural Gas (NLNG) Limited dividends, The Nation learnt at the weekend. Under investigation by the Economic and Financial Crimes Commission (EFCC) are former Petroleum Resources Minister Diezani Alison-Madueke and some former officials of the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC),

“EFCC Propaganda may trigger April Spring in Nigeria!”—Uranta, NNSG Scribe

The Nigerian National Summit Group (NNSG) has decried the growing pattern of self-serving myopic propaganda tactics being deployed by government officials and bodies, whilst warning that it could trigger massive violent social unrest nationwide. In a Public Statement released in Lagos today, Sunday, April 23, 2017, by NNSG Executive Secretary, Mr. Tony I. Uranta, the

EXCLUSIVE: Jonathan, Emefiele, Magu, others to be questioned by presidential panel probing N13 billion Ikoyi money

A former president, Goodluck Jonathan, Governor of the Central Bank of Nigeria, Godwin Emefiele; and anti-corruption chief, Ibrahim Magu are amongst some high-profile personalities that are expected to be questioned by a presidential panel investigating the mysteries surrounding the over N13 billion recovered from an apartment in Lagos last Wednesday, PREMIUM TIMES has learnt. The

World Bank cautions Nigeria, others on ‘excessive-borrowing’

The World Bank has cautioned Nigeria and other African countries against excessive borrowings. To check this development, the World Bank is advocating “a balance between massive spending for development on the one hand and moderation in borrowing on the other. World Bank’s Chief Economist for African Region, Albert Zeufack, spoke on the latest update on

Nigeria to grow by 0.8% in 2017 – IMF

The International Monetary Fund on Tuesday forecast 2.6 percent growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. “Growth is projected to rise to 2.6 percent in 2017 and 3.5 percent in 2018, largely driven by specific factors in the largest economies, which faced challenging

Recovered $50m not mine, says Nnamdi-Ogbue, ex-PPMC MD

Esther Nnamdi-Ogbue, an ex-managing director of the Petroleum Products Pricing and Marketing Company (PPMC), says the $0 million, which the Economic and Financial Crimes Commission (EFCC) found in a residential building in Lagos does not belong to her.   PPMC is a subsidiary of the Nigerian National Petroleum Corporation (NNPC),   Officials of the commission