FEC Approves Over N137bn For Construction Works     The Federal Executive Council (FEC), yesterday, approved various civil works worth above N137 billion across the six geopolitical zones of the country. Addressing State House Correspondents, Ministers of Works and Housing, and his Information and Culture counterpart, Mr Babatunde...

FG Explains N13 billion Intervention Fund For Pest Control     The Federal Government has explained that the controversial emergency release of the N13billion intervention fund for pest control was to, among others, control trans-boundary pests such as quelea birds, grasshoppers/locusts in 12 frontline states, and tsetse...

NBET Owes Power Stations N120bn In Three Months     The Nigeria Bulk Electricity Trading Plc failed to pay 25 power producers a total of N119.55bn in the first three months of this year for the electricity produced and fed into the national grid. The government-owned NBET buys...

World Bank Approves $750m For Nigeria’s Power Sector     The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday. The statement quoted World Bank Country Director for Nigeria,...

NSIA Investments In Fertiliser Projects To Hit N221bn     Financial statements on the Nigerian Sovereign Investment Authority (NSIA) website indicate that since the inception of the Presidential Fertiliser Initiative (PFI) in 2017, it has committed over N107 billion to fertiliser production, even as it plans to...

W/Bank: Poorest Countries To Save $12bn In 2020 Debt Relief   The world’s poorest countries could save over $12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program, with Angola alone saving some $3.4 billion, according to estimates published...