Court Remands Ex-power Minister in Kuje Prison over N33bn Fraud The Abuja Federal High Court has ordered that a former Minister of Power, Saleh Mamman, be remanded in Kuje prison in Abuja pending the consideration of his bail application. Justice James Omotosho issued the order on...

Senate Rejects Bill to Boost Gold Reserves A bill seeking to boost the nation's reserves by using gold has been rejected by the Senate. The bill sponsored by Senator Sani Musa ( APC, Niger East) titled “ Foreign Exchange (Control and Monitoring) Bill, 2024 (SB. 353)”...

Ex-Accountant General Asks Court For Extension to Refund Stolen Funds Anamekwe Nwabuoku, the former acting Accountant-General of the Federation, has appealed to Justice James Omotoso of the Federal High Court in Abuja for more time to complete the refund of the public funds allegedly looted...

Effective Rail Transportation in Nigeria Requires $66bn, Says NRC The Nigerian Railway Corporation (NRC) yesterday disclosed that Nigeria will require at least $66 billion to effectively deliver the much-needed rail infrastructure nationwide. The Managing Director of the NRC, Fidet Okhiria, who spoke on Channels Television, advised...

DisCos Face New Sanctions as NERC Drives Compliance Framework The Nigerian Electricity Regulatory Commission has disclosed that there will be new sanctions for Discos that failed to meet up some contractual agreements with customers and regulators. In an Order on Performance Monitoring Framework for all the...

Tinubu Orders Fresh Assessment as FEC Steps Down Old Projects The Federal Executive Council has stepped down memoranda for some major projects requiring additional funding. Most of the projects concerned are under the Federal Ministry of Works, the Minister of Information and National Orientation, Mohammed Idris...