Senate Panel Insists PEF Hasn’t Remitted Interest On Fixed N34bn     The Senate’ Committee on Public Accounts has insisted that the Petroleum Equalisation Fund, now Nigeria Midstream and Downstream Petroleum Regulatory Authority, must account for the bank interest on the N34bn placed in a fixed deposit...

FEC Okays N65.3bn For Power Projects In 2022     The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents on Thursday at the end of...

We’ll Raise Infrastructure Finance From N13trn Pension Funds, Others – CBN     The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria plans to finance infrastructure projects with banking and pension monies. According to him, the Federal Government is seeking to reduce its external debts...

Buhari Inaugurates N348trn Devt Plan, Targets N298trn From Private Sector   President Muhammadu Buhari says Nigeria requires an investment size of N348.1tn to achieve the targets set out in the National Development Plan 2021-2025. He also said a whopping 85.7per cent (N298.3tn) of this amount would come...

In Five Months, Shipping Council Saves N900.81m From Dispute Resolution   The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Emmanuel Jime, has said the council saved N900.81m from 82 resolved disputes between shipping companies and shippers or freight forwarders in five months. He...

Tax Credit: NNPC Hands Over N621bn Cheque For 21 Roads     The federal government has expressed optimism that the tax credit scheme given to taxable companies to build road infrastructures would help to salvage the deteriorating state of the road network in the country as the...