Monetary

‘Manufacturers Spend Over N143bn On Alternative Electricity Supply’

'Manufacturers Spend Over N143bn On Alternative Electricity Supply'       Manufacturers in Nigeria, in the last two years, 2019 to 2020, spent about N143.29 billion on alternative power supply, says the Manufacturers Association of Nigeria (MAN). MAN said members in 2020 spent N81.91 billion on alternative power as...

NCS Generates N5.5bn in Kano-Jigawa Command, Vows to Sustain Clampdown on Rice Smuggling, Others

NCS Generates N5.5bn in Kano-Jigawa Command, Vows to Sustain Clampdown on Rice Smuggling, Others     The Customs Area Comptoller, Kano/Jigawa Area Command, Comptroller Suleman P Umar, has vowed that the Nigerian Customs Service (NCS) will not relent in its effort towards confiscating foreign rice and other...

Buhari Approves N5bn For NIMC – Pantami

Buhari Approves N5bn For NIMC - Pantami     The federal government has hacked up the capital budget of the National Identity Management Commission, NIMC from 500 million to N5 billion. The Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami disclosed this on Tuesday at the...

Senate Demands Detailed Report On Alleged N4trn Unremitted Funds

Senate Demands Detailed Report On Alleged N4trn Unremitted Funds     Members of the Senate Public Account Committee and the officials of the office of the Auditor-General for the Federation engaged in a heated debate on Tuesday with officials of the Nigerian National Petroleum Corporation over the...

N250bn Required Yearly To Manage Highways – FERMA

N250bn Required Yearly To Manage Highways – FERMA       The Managing Director/Chief Executive Officer, Federal Roads Maintenance Agency (FERMA), Mr Nurudeen Rafindadi, said on Tuesday that the agency would need between N200bn and N250bn annually to keep the federal highway network in manageable condition. He lamented that...

Buhari Launches $3.2bn Port Harcourt-Maiduguri Railway Project

Buhari Launches $3.2bn Port Harcourt-Maiduguri Railway Project       President Muhammadu Buhari yesterday launched the $3.2 billion rehabilitation and reconstruction of Port Harcourt- Maiduguri eastern narrow gauge railway project, Bonny Deep Sea Port and the Railway Industrial Park, Port Harcourt, to be executed with 85 per cent...