Yushau A. Shuaib: [News Update] Profile of New GMD NNPC and the Nigeria's Ignorance on Oil-Output

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Shehu Ladan: The Return of an Insider to Head NNPC: The new Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Bar. Shehu Ladan is widely regarded as a professional lawyer, philanthropist and oil and gas management strategist. The Economic Confidential gathered that before Barkindo's removal from the helm of affairs at the NNPC, Acting President Goodluck Jonathan had searched for a right person who will implement the administration's reforms and vision of transforming the NNPC into a global brand and key player in the world's oil and gas sector. Read

Nigeria doesn't know Exact Oil Productions – NEITI Boss: Before the recent removal of the Group Managing Director of Nigerian National Petroleum Corporation, Mohammed Barkindo, the Economic Confidential magazine was granted an exclusive interview by the Executive Secretary of NEITI, Haruna Yunusa Sa'eed. In this interview, the NEITI Boss talks on lapses in the oil sector, unequal data from the oil firms, colossal loss of revenue, the effect on the derivation and the place of solid mineral producing states in revenue sharing. Read

CAC's 4-Point Agenda and Mobile Business Solution: The Corporate Affairs Commission as a body charged with the responsibility of regulating the formation and management of companies in Nigeria has come up with a 4-Point Reform Agenda to reposition its service and meet the challenge of fast evolving information technology. Read

Editor's Suite: Behold, Ritual 2010: The federal budget was passed last week; and it only had perfunctory mention in the news media. Some newspapers overlooked it entirely, while the majority of those which gave it attention merely tucked it in one obscure part of their front pages or elsewhere. Think of the past when a passage of federal budget was dominant news of the day. Read

FIRS, AGF Disagree Over E-payment System, As Banks Accused of Diversions of Funds: The Executive Chairman of Federal Inland Revenue Service (FIRS), Mrs. Ifueko Omoigui Okauru and Accountant general of the Federation Ibrahim Dankwambo have disagreed over the success of e-payment system in the country. While FIRS accused banks of slowing down the process of prompt remittance of funds, the Office of the AGF believe the e-payment has achieved some levels of success within the federal system. Read

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