The Federation Accounts Allocation Committee (FAAC), has shared a total sum of N695.033 billion to the three tiers of government as federation allocation for February. Mr Olajide Oshundun, the Deputy Director, Information, Federal Ministry of Finance, Budget and Planning, said…
…Structural overhaul is the way to go, probe will unearth nothing — Experts By Moses Adeniyi & Ariemu Ogaga Rising losses in Nigeria’s upstream of the oil and gas sector has compelled the Federal Government to commence probe of operators…
The Minister of Mines and Steel Development (MMSD), Mr Olamilekan Adegbite said N142.6 million was shared among 14 tertiary institutions in Nigeria to conduct research on mineral deposits. Adegbite said this at the Stakeholders Validation Workshop on Research Collaboration with…
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 in the presentation of the Public Debt Data as of…
The Minister of Information and Culture, Alhaji Lai Mohammed, said the Presidential Enabling Business Environment Council (PEBEC) has implemented over 150 reforms, moving Nigeria up 39 places on the World Bank Doing Business index since 2016. The Minister, who disclosed…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that efforts should be made to persuade and further incentivise the International Oil Companies (IOCs) to remain in the country to benefit from the newly passed Petroleum…
…Gas shortage responsible for power shortage — Expert …As SERAP charges FG to probe missing N11trn electricity fund By Uthman Salami The federal government has promised that power supply would be restored to normalcy today after almost a week of…
The Federal Competition and Consumer Protection Commission (FCCPC) has ordered MultiChoice Nigeria (MCN), to introduce an additional feature that allows subscribers to maintain the same subscription fee for a minimum period of one year. The additional features will also allow…
By Uthman Salami The Federal Government has vowed to deal decisively and sanction erring Depot Owners caught selling petroleum products beyond the approved pump price of N165 per litre and Ex-Depot price in the country. This promise was made known…
The Federal Competition and Consumer Protection Commission (FCCPC) as part of its wide-ranging orders against unlicensed and illegal online money lending banks, has directed them to stop compounding interest and loan collection practices that are presently undergoing investigations. This disclosure…
