Monetary

$10bn Required to Bridge Power Distribution Gap – FG

$10bn Required to Bridge Power Distribution Gap - FG       The federal government has said about $10 billion would be required to bridge the electricity distribution infrastructure deficit gap in the country. Speaking at the weekend during a television interview, Special Adviser to President Muhammadu Buhari on...

Senate Faults DPR For Spending N1.8bn On Uncompleted Projects

Senate Faults DPR For Spending N1.8bn On Uncompleted Projects       The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of Petroleum Resources, to a private firm, Riverman Technologies Limited, for jobs not satisfactory executed. The private firm...

Fed Govt Loses N1bn To Ghost Pensioners Monthly

Fed Govt Loses N1bn To Ghost Pensioners Monthly       Nigeria Union of Pensioners (NUP), University of Benin branch, has disclosed that the Federal government lost N1Billion monthly to ghost pensioners monthly. The pensioners, in a Save Our Soul (SOS) message to President Muhammadu Buhari and signed by...

Households Get N44.62bn COVID-19 Intervention Funds

Households Get N44.62bn COVID-19 Intervention Funds       Households got N44.62bn intervention funds to alleviate hardships from COVID-19 as of the end of November according to figures obtained from the Central Bank of Nigeria. The CBN disclosed that the figure rose from N35.43bn as of July, according to...

Reps Summon NNPC Chief Over N3.9bn Non-remittance

Reps Summon NNPC Chief Over N3.9bn Non-remittance       The House of Representatives Committee on Public Accounts is expecting the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari, to appear before it on Thursday over an audit query issued by the Office of the Auditor...

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn         Dissatisfied with the defence of the Nigeria National Petroleum Corporation (NNPC) over the audit query on the alleged illegal withdrawal of about $20.3 billion from the Nigerian Liquefied Natural Gas (NLNG) account at the Central...