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NEITI Reports $8.3Bn Unremitted Funds By Oil Firms, Others
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that some oil companies and ministries, departments and agencies (MDAs) failed to remit over $8.3 billion into the Federation Account as required by extant financial regulations. The Executive Secretary of organization, Dr. Ogbonnaya Orji, made this disclosure in a detailed report on Nigeria’s extractive industry operations […]
Reps Flaw Proposed Transfer Of NBET To Finance Ministry
The House of Representatives Committee on Power on Wednesday described as illegal President Muhammadu Buhari’s directive that the Nigeria Bulk Electricity Trading Company, NBET should become an agency under the Ministry of Finance. The Chairman of the House Committee on Power, Hon. Magaji D’au Aliyu, pointed out during the 2021 budget defence session at the […]
NCAA Suspends Max Air Boeing B737 Aircraft Flight Operations
The Nigeria Civil Aviation Authority (NCAA) has ordered immediate suspension of Max Air Boeing B737 aircraft from plying the nation’s airspace with immediate effect. The directive was conveyed in a letter titled ‘Suspension of Parts A3 and D43 of the Operations Specifications Issued to Max Air with Immediate Effect’ dated 12 July, 2023 with Reference […]