Ngige Sets Up Panel On Alleged N3.4bn NSITF Fraud     The Minister of Labour and Employment, Senator Chris Ngige, on Thursday inaugurated a Presidential Joint Board Audit Investigation Panel to probe alleged N3.4bn financial infractions levelled against the suspended Managing Director of the Nigeria Social Insurance...

DisCos Ask FG To Provide N400bn For Metering     The power distribution companies in the country have called on the Federal Government to provide N400bn through commercial banks towards bridging the huge metering gap in the Nigerian electricity supply industry. The Discos said the implementation of the...

Senate Okays N168.8bn Budget For FIRS   The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year. The upper chamber also approved a one-off N100bn special-purpose intervention fund for the agency’s key capital projects. Specifically, the fund is...

NEXIM Bank Disburses N52.9bn To Boost Non-oil Activities     The Nigerian Export-Import Bank (NEXIM) has refuted allegations that it mismanaged a N50 billion-Central Bank of Nigeria (CBN) Export Development Fund (EDF). Rather, it noted that following the release of the fund in February 2018, to support export-oriented...

Lawmakers Probe N5.8bn Abandoned Niger Port     The House of Representatives has resolved to investigate the abandonment of Baro Port in Niger State 19 months after President Muhammadu Buhari, inaugurated the facility. The port was said to have been constructed with N5.8bn. A member of the House from...

FG Moves To Upturn $9.6bn P&ID Judgment Debt     The Federal Government on Monday moved closer to turning the $9.6 billion judgment debt awarded against it in favour of Process and Industrial Development Limited (P&ID) by a United Kingdom (UK) court. The two-day hearing in London court,...