BoI’s Assets hit N1.8trn       Bank of Industry’s (BoI’s) total assets grew to N1.86 trillion during the 2020 financial year, despite the negative impacts of the COVID-19 pandemic on global economies. BoI’s Chairman, Aliyu Dikko, who made this known at its 61st Annual General Meeting , in...

FEC Okays N10.2bn Projects For Water resources, Aviation, Presidency         The Federal Executive Council (FEC) has approved N10.168 billion for the execution of projects under the ministries of Water Resources, Aviation as well as two agencies under the Presidency. The virtual FEC, which was presided over by...

Reps Probe Alleged Abandoned N72.34bn Eastern Rail Contract     The House of Representatives has resolved to investigate the alleged abandonment of the Eastern Rail Line, the Port Harcourt-Maiduguri section, after the Federal Government awarded the reconstruction contract for N72.34bn. At the plenary on Wednesday, the House resolved...

W/Bank To Invest $150bn In Africa       The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent. Malpass disclosed this on Tuesday at the Summit on...

MDAs Failed To Account For N1.2trn – FRC       The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn. The commission said this is according to audit reports of some MDAs and unaudited accounts of others. The FRC also said...

$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami       The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...