Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, Finance Minister Ngozi Okonjo-Iweala said. The government will draw down its oil savings in the Excess Crude Account to compensate for the drop in revenue to keep the budget deficit under control, Okonjo-Iweala said in an interview with Bloomberg in Abuja.

APC candidate, Dr Chris Ngige and the incumbent governor were yesterday engaged in a war of words over the tragedy at the Adoration Ground last weekend.

Transcorp Ughelli Power Limited, TUPL, a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), weekend, officially took physical ownership of Ughelli Power Plc, the owner and operator of the 1000MW capacity Ughelli Power Plant following a hand over by the Federal Government.

Golden Eaglets and Sweden will tomorrow battle for a place in the final of the FIFA U-17 World Cup here in Dubai, with the Nigerian coach Manu Garba warning the Scandinavians to prepare for fireworks on the Sheiuk Rashid stadium.

AMIDST series of ongoing meetings and moves for realignment of forces, the Abubakar Kawu Baraje-led splitter group of Peoples Democratic Party, PDP, yesterday, said that it was more comfortable with the leadership and members of All Progressive Congress, APC.