EFCC Working With Customs To Recover N10.6bn – Reps       The House of Representatives Committee on Customs said on Wednesday that it was working with the Economic and Financial Crimes Commission and others to recover the N10.6bn customs and excise duties collected by five commercial banks. The...

FEC Okays N89.6bn For Road, Aviation Projects       The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved about N89.6bn worth of contracts under the Ministries of Works and Housing and Aviation. It also okayed the Draft National Policy on the over 2.3...

In Five Years, Telecoms Sector Attracted $3.9bn Foreign Investments       Between 2015 and 2020, Nigeria’s telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct). The 2021 Telecommunications Industry report released by Agusto & Co, which revealed this, observed that this accounted for an average of...

We Spent N1.5trn On COVID-19 Management, Says Fed Govt       The federal government yesterday revealed that it spent over N1.5 trillion in managing the effects of COVID-19 in the country. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this during a media briefing...

FAAN Contractors Cry Out Over N140bn Debt       The controversy trailing the proposed concession of four international airports by the Federal Government took another dimension yesterday following revelations that the Federal Airports Authority of Nigeria (FAAN) owes contractors over N140bn. This is coming barely a week after...

Trade Ministry Seeks Amendment To PIA, Targets N1bn Revenue       There are indications that the the Federal Ministry of Industry, Trade and Investment has put machinery in motion to push for the amendment of the newly passed Petroleum Industry Act (PIA) to address certain conflict with...