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...

Ibadan Disco Laments N8.5bn MDAs Debt       Ibadan Electricity Distribution Company Plc has said it is owed over N8.5bn by ministries, departments and agencies of government. IBEDC, which covers Oyo, Ogun, Osun and Kwara states as well as part of Kogi, Ekiti and Niger states, put the...

FRC, FRSC Boss In Counterclaims Over N5.1bn Remission To Federation Account       The Fiscal Responsibility Commission has alleged that the Federal Road Safety Corps is yet to remit N5.1bn into the Federation Account from 2016 to 2019. FRC made the allegation on Wednesday in Abuja at the...