‘Layers of deceit’: Atiku slams NNPC over $6 billion debt admission

Former Vice President Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) for its lack of transparency following the company’s admission of a $6 billion debt to petrol suppliers. The Chief Communications Officer of NNPCL, Mr. Olufemi Soneye, confirmed the debt, highlighting the severe financial strain it has imposed on the company’s operations. “NNPC Ltd […]

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5 controversial spendings by Bola Tinubu’s administration

Since taking office, President Bola Tinubu’s administration has drawn praise and criticism for its economic and financial decisions. One of the most debated allocations in President Tinubu’s administration is the budget set aside for the office of the First Lady. This office has historically operated with minimal official funding, primarily because it is not constitutionally recognised. […]

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Dangote Refinery set to begin petrol rollout amid crude supply disputes

This development comes after the refinery, which boasts a 650,000-barrel-per-day capacity, successfully conducted a test run of its petrol production. Industry insiders have confirmed that the product will soon be available. A government source, who wished to remain anonymous, disclosed to Punch that the Federal Government and the Dangote Group are currently ironing out the […]

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Nigerians call for Kyari’s probe amid lingering fuel scarcity

With Nigeria currently in the grip of a severe and prolonged fuel scarcity, the Nigeria National Petroleum Company Limited (NNPCL) has found itself in a dire financial situation, owing petrol suppliers a staggering $6 billion.NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, acknowledged this financial strain, which has raised concerns about the sustainability of the nation’s fuel […]

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Police declare Briton wanted over plot to overthrow Tinubu

The Nigeria Police Force has declared Andrew Wynne, also known as Andrew Povich or Drew Povey, a British national, wanted for allegedly orchestrating a plot to overthrow the government led by President Bola Tinubu. This announcement was made on Monday by the Force spokesperson, Assistant Commissioner of Police (ACP) Olumuyiwa Adejobi, at the Force Headquarters in Abuja. […]

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