An investigation is underway into debts owed to a regulatory authority. The debts, which total N432 billion, are attributed to oil companies and a national petroleum company. These debts arise from various obligations related to regulation and petroleum.
The probe was prompted by findings in an annual audit report. This report highlighted the indebtedness of certain companies, including those operating under industry associations. Further information on the investigation and the companies involved can be found in the Auditor-General's 2023 Annual Audit Report.
Details of the investigation's progress and findings are available from the source, which provides more information on the regulatory authority and the companies being investigated.
The National Association of Nigerian Students (NANS) has called on the Federal Government to stop the planned rollout of the National Learner Identification Number (LIN). The student body insisted that the existing National Identification Number (NIN) is enough for Nigerian stude...
The National Chairman of the All Progressives Congress, APC, Professor Nentawe Yilwatda, has commenced a two-week vacation outside Nigeria following what the party described as an “exceptionally demanding and eventful” first year of his tenure. This was disclosed in a statement r...
The gubernatorial candidate of the Nigeria Democratic Congress (NDC) in Kaduna State for the 2027 election, Barr. Mohammed Sani Abbas, has condemned what he described as the “unfortunate incident” involving the party’s presidential candidate, Peter Obi, while on his way into Maku...
The National Agency for Food and Drug Administration and Control, NAFDAC, has attributed the growing spread of fake, adulterated and unsafe consumer products in Nigeria to Chinese syndicates operating within the country. Speaking on the development, NAFDAC’s Director of Investiga...
A new fintech, Open Space, focused on artificial intelligence, AI and Ethical or Non-interest Finance, has been launched in Nigeria’s financial ecosystem. Open Space was unveiled in Abuja on Tuesday as part of efforts to deepen financial inclusion and make financial services more...
The President of the Neuroscience Society of Nigeria, NSN, Dr Angela Danborno, has said Nigeria should break away from dependence on foreign neuroscience research and build a research system capable of producing solutions to the country’s own health and social challenges. Danborn...
When Dami Oyenekan watched a patient die waiting for care in the emergency ward at the Lagos State University Teaching Hospital (LASUTH), she realised a hard truth: even the best doctors are helpless when the system behind them is broken. Instead of putting on a white coat, she c...
Amnesty International Nigeria has lambasted the blockade of the convoy of the Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, in Benue state. In a statement on its verified X handle on Wednesday, Amnesty International described the development as a dangerous ...
Oil-rich Nigeria can tackle its cost-of-living crisis in part by fighting government waste, presidential candidate Peter Obi told AFP, as politicians jostle to lead Africa’s most populous country. Obi, a former governor from southeastern Nigeria, spoke to AFP Tuesday evening in A...
The Nigerian Navy has arrested a fake naval officer and a suspected armed robber in separate operations at a checkpoint in Awkuzu, Anambra State. Read More: https://punchng.com/navy-arrests-fake-officer-suspected-robber-in-anambra/...
By Dickson Omobola Chief Press Secretary to Governor Hyacinth Alia of Benue State, Tersoo Kula, has challenged the Nigeria Democratic Congress, NDC, and its presidential candidate, Peter Obi, to name the aide they alleged was responsible for blocking Obi from visiting Yelewata co...
SDP presidential candidate Adewole Adebayo vows to install solar power on every Nigerian roof within 11 months if elected in 2027. Learn about his plan. Read More: https://punchng.com/2027-adebayo-promises-solar-power-on-every-nigerian-roof-in-11-months/...
