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INVESTIGATION: At least ₦11.56 trillion Excess Crude Fund unaccounted for in 8 years – Premium Times Nigeria

INVESTIGATION: At least ₦11.56 trillion Excess Crude Fund unaccounted for in 8 years – Premium Times Nigeria

At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to findings by PREMIUM TIMES based on data from multiple government agencies not made public, in violation

CNPP disagrees with Blair on free market economy, removal of fuel subsidy – DailyPost Nigeria|Nigerian News

Rising from an emergency meeting at Enugu on the theme – Nigeria the way forward – bearing in mind the incoming General Muhammadu Buhari (GMB)’s administration and the dislocated economy, the Conference of Nigerian Political Parties (CNPP) said it disagrees with some postulations on how to fix Nigeria, especially the free market axis chorused by

13 things only a Lagos entrepreneur will understand| Nigerian News

Big, loud and in-your-face, Lagos is a packed megacity where the streets are teeming with life and the buzz of innovation. Home to nearly 20 million people, Nigeria’s economic nerve center constantly attracts big numbers of people pursuing fortunes and dreams. For entrepreneurs here, starting and growing a business can be fairly tricky work. It

Ventures Africa | Elections, Oil and the Factors that Place Nigeria at Risk

VENTURES AFRICA – Nigeria, Africa’s largest economy is at a critical moment in its history as political uncertainty and low oil prices threaten its well-being, Control Risks, a global business risk consultancy states in its annual RiskMap report. The price of OPEC basket of twelve crudes which includes Nigeria’s Bonny Light, stood at $52.25 dollars per barrel

How Swiss firm, linked to Nigerian, made millions in shady Congolese oil deals – Premium Times Nigeria

ContentsA Swiss non-governmental advocacy organisation, the Berne Declaration, BD, has uncovered how the Congolese government is denied millions of dollars from its oil export through a shady deal involving a Swiss oil trading firm, Philia SA.The investigation also reveals Philia SA’s links to the Congolese President’s son, Denis Christel Sassou Nguessoa, and a Nigerian investment

Ventures Africa | Nigeria’s Neighbours are Profiting from its New Automotive Policy

ContentsVENTURES AFRICA – The total number of vehicles discharged from Lagos ports have dropped to 8,000 units in January 2015, from 27,000 units in January 2014. This 63 percent decrease is an indication that Nigeria’s automotive policy has begun taking its toll on car imports.Dr Vicky Haastrup, the Chairman of Seaports Terminal Operators Association of

Barclays’ Mahesh Sees Elections as ‘Huge Risk’ for Nigeria Oil – Bloomberg Business

(Bloomberg) — Barclays Plc energy analyst Miswin Mahesh sees a “huge risk” of oil production in Nigeria being disrupted by political instability arising from elections scheduled for March 28. The vote is set to be the most closely contested since the end of military rule in 1999. President Goodluck Jonathan’s People’s Democratic Party

Mammoth rail network to put West African economies on the right track – CNN.com

Each week, Africa View explores the trends, figures and initiatives shaping Africa. From education and energy to technology and innovation, it showcases topics and influential sectors driving countries on the continent. (CNN)When it comes to minerals found in our phones, laptops, cars and planes, most are found in the resource-rich mines of West Africa. Mineral exports are

Ventures Africa | 10 More Car Plants Prepare to Launch in Nigeria

VENTURES AFRICA – Nigeria’s automotive industry’s growth continues as 10 more auto plants are set to begin operations in the country before the end of this year. This was made known by the Minister of Industry, Trade and Investment, Olusegun Aganga, who held a meeting in Abuja, Nigeria’s capital city, with vehicle manufacturers, dealers and

Ventures Africa | Nigeria’s Oil Assets are the Most Vandalized in the World

VENTURES AFRICA – Nigeria’s Minister of Power, Professor Chinedu Nebo recently lamented over the country’s status of petroleum pipeline vandalism, stating that the country records the highest number of vandalised oil pipelines. Nebo said this in Kainji, Niger State, at the unveiling of a 25 kilowatts (kW) hybrid renewable plant constructed by the National Power

Nigeria Regulator Says Power Industry Held Back by Credit, Gas

Nigeria’s electricity industry is being hindered by producers’ inability to raise finance and natural-gas shortages, curbing companies’ ability to boost investment in output as the country suffers from daily blackouts, an energy regulator said. Peak electricity output of Africa’s biggest economy is about 3,800 megawatts, with another 1,500 megawatts unavailable because of gas shortages,

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