Besides EndSARS, the security forecast is cloudy with a chance of banditry. On the financial scene, we see more vague transactions reminiscent of the disappearing act we noted before, and escalating inflation ...
Read morePast is truly prologue as NNPC’s shady dealings 11 years ago raise questions today on the opportunity cost forgone on a $5 billion dividend payment still missing. The Nigerian National Petroleum Company ...
Read moreGovernment parastatals disbursed ₦2.48 trillion in ten months, according to details from the Open Treasury Portal. But eight percent of said transactions had no descriptions. Already experts had earlier noted nameless transactions ...
Read moreNigerian lawmakers kick off work on the new Petroleum Industry Bill (PIB). The Bill seeks to model the state-owned oil firm to a commercial entity operating as a limited-liability company, independent of ...
Read moreOn Today's numbers to ponder, we review unremitted funds, the aftermath of the novel virus and aggregate expenditures. 27.4% Trade Decline Photo by Artem Beliaikin from Pexels Between ...
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In 2018, over ₦30 billion in five subsidiaries’ earnings went untaxed; Apart from the 5 subsidiaries, NPDC and PPMC owe FG ₦342 billion and ₦94 billion in tax debts; Experts call for ...
Read moreParent companies enjoy profits in the form of dividends from their subsidiaries; think of it like royalties or tribute to a Queen. The Nigerian Petroleum Development Company Ltd (NPDC), however, denied her ...
Read moreThe Federal Road Safety Commission (FRSC), an agency of the federal government, has spent N5,600 on one unit of hand sanitiser (500ml) for a procurement deal worth ₦5.6 million. This is one ...
Read moreIn the first quarter of 2020, the Federal Government made N950.56 billion in revenue. Of this amount, N943.12 billion went into debt servicing, representing 99 percent of the total revenue. But policymakers ...
Read moreAccording to the Dataphyte investigation, COVID-19 emergency procurements worth ₦451.18 million have been awarded to unverifiable contractors or suppliers. Some of the companies do not have records on the database of the ...
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