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...

Trading Dips as Investors Lose N2bn Investors at the Nigerian equity market lost N2.18bn On Wednesday as trading Dipped for the third day this week. The All Share Index and the market capitalisation dipped marginally by 0.004 per cent to close at 99,802.08 and N56.46tn, respectively. On...

NNPCL Not Ready to Proceed with $2bn Crude-backed Loan - Kyari The Nigerian National Petroleum Company Limited, on Wednesday, said it would make an formal announcement when ready to take the earlier reported $2bn crude-backed loan. It was reported on Tuesday that NNPC was in talks...