The Minister of Transportation, Rotimi Amaechi has signed the Memorandum of Understanding (MOU) with the contractor, Mota-Engil Group, over the construction of the $1.9 billion 283.750 kilometres Kano-Maradi standard gauge railway. Amaechi on Monday in Abuja signed on behalf of...
The Asset Management Corporation of Nigeria (AMCON) has called on all agencies of the Federal Government and all stakeholders to join its debt recovery drive as the company hopes to secure an outstanding N4.4trillion. AMCON in a statement issued...
,Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his leadership position “to promptly drop the plan by the Federal Government to borrow about N895bn of unclaimed dividends...
The World Bank has said that Nigeria ’ s growth is expected to resume by 1. 1 per cent in 2021 from a contraction of 4. 1 per cent in 2020. It also said the global economy would expand...
The Nigeria Labour Congress (NLC) has called for an immediate reversal in the increase in electricity tariff, even as it declared that Nigerians have bled enough. In a statement released late Tuesday night and signed by the President of...
The Nigerian Electricity Regulatory Commission, on Tuesday afternoon , said it has not increased electricity tariff by 50 per cent. The Commission, in a statement , said such increment was not contained in the tariff order for electricity distribution...
President Muhammadu Buhari on Tuesday, said no nation would witness sustainable development without infrastructural development. He therefore thanked the People’ s Republic of China for its support towards the development of infrastructure in Nigeria . His...
The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos. This is coming just two months after it finally implemented a much opposed...
Nigeria’s total public debt as at September 2020 stood at ₦32.223 trillion or $84.574 billion according to statistics released on Thursday by Debt Management Office (DMO). Total public debt is owed by federal and sub-national governments put together.
…Signs 2021 appropriation and finance bill into law President Muhammadu Buhari Thursday in Abuja issued stern warning to agencies of government saddled with generating revenue generation to work hard to meet their targets. The President issued...