November 6, 2013
Broke, not broke?

IT is a measure of the deep mystery surrounding the management of the nation’s finances that the discordant tunes over its true state would just not go away. Not with the deepening controversies in the aftermath of the botched July and August meetings of the Federation Accounts Allocation Committee (FAAC) over the Nigerian National Petroleum…

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November 5, 2013
Dip in oil production worries NUPENG

From right: First Deputy President, Association of Senior Staff of Banks, Insurance and Financial Institution Employees (ASSIBIFI) Comrade Oyinkan Olasanoye, President, Comrade Sunday Salako, (standing) and Second Deputy President, Comrade Adebiyi, during the association’s National Executive Council (NEC) meeting in Lagos The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned that the…

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November 5, 2013
Federal Government earns N8trn from Oil

The Federal Government earned N8trillion from oil i last year,according to the Central Bank of Nigeria’s (CBN) yearly report released at the weekend. Analysis of the receipts indicated that oil revenue (gross) accounted for N8.02 trillion (19.8 per cent of GDP), representing 75.3 per cent of the total. It surpassed the 2012 budget benchmark of…

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