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NNPC withheld N824.7 billion oil revenue in 6 months of Buhari’s govt – Reportoil revenue in 6 months of Buhari’s govt – Report

A new report on Thursday said despite President Muhammadu Buhari’s attempt at ensuring transparency in the oil sector, the Nigerian National Petroleum Corporation, NNPC, still withholds billions in oil revenues from the government account. The report by the Natural Resource Governance Institute, titled ā€œNNPC still holds blank checkā€ said that within the first six months…

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TRANSCORP PLC RELEASES AUDITED FY 2015 CONSOLIDATED RESULTS, REWARDS SHAREHOLDERS WITH BONUS ISSUE

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced its audited 2015 Financial Results. The Group posted a profit before tax of N3.3bn for the period under review. Transcorp Group Operating Profit went up by 11% from N14bn in 2014 FY to N15bn. Its posted turnover of N40.8bn and profit before tax…

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UPDATE ON KIDNAP OF COLONEL SAMAILA INUSA

The Nigerian Army wishes to regrettably inform the public that Colonel Samaila Inusa who was kidnapped on Sunday 27th March 2016, was found dead today at about 6.00pm. Preliminary investigation revealed that most likely the late senior officer was killed same day he was kidnapped by his abductors. This is because the body was found…

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Yushau Shuaib slams presidential panel, resigns as media consultant to Nigerian security agencies

The Chief Media Consultant to the Forum of Spokespersons of Security and Response Agencies (FOSSRA), Yushau Shuaib, has resigned his appointment after three years in the post. While in that position, Mr. Shuaib, a retired civil servant, served as intermediary between major security/response agencies and the media in Nigeria. In a statement on Monday, Mr….

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