6.4 million applied for N-Power Batch-C programme –FG
The Federal Government received a total of 6.4 million applications for its N-Power Batch-C youth empowerment scheme, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, announced…
Buhari inaugurates Lagos intl airport terminal today
The President, Major General Muhammadu Buhari (retd.), on Tuesday, inaugurated the newly built international terminal of the Murtala Muhammed Airport, Lagos. Today’s inauguration is coming after several dates had been…
Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021
The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While sub-national domestic debt stock was N4.46tn, the sub-national…
Subsidy: FAAC meets as NNPC deductions threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation…
Brent rises to $115 as EU considers Russia oil ban
Brent crude, the global oil benchmark, appreciated in price on Monday, moving up by 7.3 per cent or $7.88 to $115/barrel at 7.54pm Nigerian time as European Union nations considered…
FG will gain excess foreign earnings from Dangote fertilizer plant – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday, hailed Africa’s richest man and Nigeria’s pride, Aliko Dangote, describing him as the biggest employer of labour after the Federal Government.…
Nigeria loses N150bn to fake battery products, says expert
The Chief Executive Officer, Emilinks Nigeria Limited, Mr Solomon Nwadiogbu, has said Nigeria loses about N150bn every year to fake battery products. Nwadiogbu disclosed this during a press briefing. He…
Gencos counters NBET over purchase agreements, list N1.64tn debts
Power generation companies on Sunday said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company Plc that only five Gencos had…
Reps write Kyari, summon 17 NNPC subsidiaries over audit queries
THE House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, Mr Mele…
FG incurs N950bn new domestic borrowing in Q1 2022 – DMO
THE Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed. The fresh borrowing was disclosed on March 17…
Queues persist in northern states despite 1.8bn litres fuel supply
The queues by motorists for Premium Motor Spirit, popularly called petrol, particularly in Abuja and northern states have refused to clear despite the supply of about 1.824 billion litres of…
Extortion: FAAN bans two immigration officers from airports
The Federal Airports Authority of Nigeria has expelled two officers of the Nigerian Immigration Service from working in any airport in Nigeria due to their involvement in the extortion of…
