Tag: Finance

Marketers of Liquefied Petroleum Gas, well known as cooking gas, on Saturday, expressed worry over the supply shortage leading to a persistent increase in the price of the commodity. They warned that 12.5kg of cooking gas currently selling between N7,500 and N8,000 could rise to N10,000 before December if nothing was done to address the crisis. The marketers lamented that more Nigerians had resorted to using firewood, charcoal, sawdust, among other unrefined energy sources whose prices have also begun to rise. The Executive Secretary of the National Association of LPG Marketers, Mr Bassey Essien, disclosed this during the weekly e-discourse organised by a leading Pan-African forum, Platforms Africa, a statement on Saturday by the organisation’s Team Lead, Adeola Yusuf, said. Re...

A report by a civil society group, the Paradigm Leadership Support Initiative has said that the Federal Government lost N557 billion to non-compliance with financial regulations and the Public Procurement Act by ministries, departments and agencies between 2013-2017. The ‘Achieving Accountability and Development in Nigeria’ Report presented in Abuja on Friday, revealed that the money was lost to misappropriation and misapplication of fund; virements of fund without the approval of the National Assembly; payment for contracts not executed; payment without vouchers and supporting documents as well as non-collection of appropriate taxes by MDAs. Speaking during the report presentation which also marked the 5th anniversary of the group, the PLSI Executive Director, Segun Elemo, called on...