Category: Business

More troubles for Kaduna Electric: N2m transformer scandal: Kaduna Disco to forfeit assets in terror – NERC 0

More troubles for Kaduna Electric: N2m transformer scandal: Kaduna Disco to forfeit assets in terror – NERC

The kaduna Electricity Distribution Company (KAEDCO) would not get a return on the asset in its torrid for failing to produce a 500kva electricity transformer...

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WE REFUSED TO SAVE FOR RAINY DAY– BUHARI

President Muhammadu Buhari on Monday lamented that Nigeria refused to save for the rainy day, noting that the rain is now beating us. “And we...

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We have right to freeze any suspicious account including Fayose’s — EFCC

The Economic and Financial Crimes Commission, EFCC, has reacted to the claim that Governor Ayo Fayose of Ekiti State cannot be investigated because of immunity...

FG Shuts NERFUND, Workers on Indefinite Leave 0

FG Shuts NERFUND, Workers on Indefinite Leave

NERFUND-logoThe operations of the National Economic Reconstruction Fund (NERFUND) has been shut down by the Federal Government due to several crises which has affected the...

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Foreign Debt Is New Colonialism Of African Nations – Shehu Sani

By Chris Suleiman, Abuja Senate Committee Chairman on Foreign and Local Debt, Senator Shehu Sani has described the piling debt profile of African Nations as...

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FIVE STATES SCALE HURDLES TO ACCESS FG’S N90BN BAIL-OUT

The Federal Government revealed on Thursday that five out of the 36 states of the federation have successfully scaled huddles necessary to access the N90...

GEC: FG Pays #20bn Parts to Agro-suppliers 0

GEC: FG Pays #20bn Parts to Agro-suppliers

The Federal Government says it has paid N20 billion out of the N38 billion being owed agricultural input suppliers who participated in the Growth Enhancement...

IYC berates Amaechi, Over Maritime University, calls Kachikwu worthy son of Niger Delta 0

IYC berates Amaechi, Over Maritime University, calls Kachikwu worthy son of Niger Delta

The Ijaw Youth Council, IYC, Worldwide has carpeted former Rivers State governor and Minister of Transport, Rotimi Amaechi, over comments credited to him regarding the...

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NEITI Alleges Loss Of $5.959bn Of Oil Revenue

The Nigeria Extractive Industries Transparency Initiative (NEITI), at its stakeholders’ forum in Abuja, where it presented its 2013 Audit Report, alleged that the Federal Government...

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CBN Floats Naira Officially

Nigeria’s central bank said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of the currency when the...