Fed Govt Reviews 26 Water Contracts, Saves N53bn       The Federal Government on Monday announced that said it saved N53bn after carrying out a review of 26 water project contracts across the country. Minister of Water Resources, Suleiman Adamu, disclosed this in Abuja at the unveiling of...

N3bn Needed To Resuscitate Ajaokuta Steel Rolling Mill - Senate       The Senate at the weekend revealed that the total sum of N3 billion would be required to resuscitate the Ajaokuta steel rolling mill which has been under construction since 1980. The Chairman of the Senate Committee...

N12.75bn Petroleum Products Lost In Eight Months – NNPC         The Nigerian National Petroleum Corporation has put the value of petroleum products lost from January to August this year at N12.75bn. Data obtained from the NNPC showed that N1.71bn worth of petroleum products was lost in January;...

N38bn Budget For Road Repairs Inadequate - Senate         The Senate has described as grossly inadequate, the N38bn earmarked for federal road repairs in the 2021 budget. The red chamber said nothing meaningful could be achieved by the Federal Roads Maintenance Agency across the country with the...

Senate Seeks Additional N9bn For Nigeria Railways       The Senate on Thursday, demanded additional N9bn for the Nigeria Railways Corporation in the 2021 budget. The Chairman, Senate Committee on Marine Transport, Senator Danjuma Goje, said this after submitting the 2021 budget report of the Marine Transport and...

NAICOM To Sanction Insurance Firms Over N40bn Unpaid Claims       The National Insurance Commission (NAICOM) said it is compiling the list of insurance companies for necessary regulatory sanctions over unsettled claims which industry experts have estimated to be over N40 billion. Commissioner for Insurance, Sunday Thomas, speaking...