FG Approves Purchase Of N660bn Innoson Vehicles For FRSC The Federal Government on Wednesday approved a contract to indigenous motor company, Innoson, to supply 21 vehicles to the Federal Road Safety Corps (FRSC). Information Minister, Lai Mohammed, disclosed this to newsmen at the end of the...

JUST IN: Power Generation Bounces to 4,173.20Mw   The Nigerian electricity supply on Wednesday bounced to 4,173.20Mw from a total of 2,931Mw on Tuesday. According to our findings, only 17 power plants were operational as at Tuesday as the National Control Centre, Oshogbo directed some of the...

JUST IN: CBN Introduces New Naira Notes   The Central Bank of Nigeria (CBN) has redesigned some new naira notes. The apex bank governor, Godwin Emefiele, made this announcement at a press conference on Wednesday. Emefiele said the new design and issues will be effective from December 15,...

Polaris Bank Appoints Ahmad Chairman, Sonola MD Polaris Bank has appointed a new independent Board of Directors to lead the bank’s growth strategy. Alhaji Muhammad Ahmad, Chairman Polaris Board, said in a statement in Lagos. The statement said that the board would have six non-executive directors and...

JUST IN: Second Niger Bridge Completed, Ready for Use - Fashola   The Minister of Works and Housing, Babatunde Fashola, has announced that the construction of the 2nd Niger bridge is now completed and will soon be open for public use. He stated this in Abuja on...

Finance Minister Insists on more Taxes to Reduce Nigeria’s Debt Burden   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has insisted that only the collection of more taxes and effective blocking of revenue leakages were realistic measures that would drastically cut borrowings...