AMCON, ICPC Partner To Recover N5trn Debt
The Chairman, Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye, on Wednesday in Abuja, disclosed plans by the commission to collaborate with the Asset Management Corporation of Nigeria towards the recovery of N5trn owed AMCON...
SEC To Fine Registrars N1m For Illegal Charges
The Securities and Exchange Commission has vowed to slam a fine of N1m on registrars illegal charges imposed on investors.
SEC, in its amended draft on the operating framework for the transmission of shares, said it had disallowed...
FG Releases N504bn Out Of N890bn For Federal Road Constructions
The Federal Government released a total of N504.1bn out of the N890bn that was appropriated for the construction and rehabilitation of federal roads across the country in three years.
It was gathered that the N504.1bn was...
Gas Producers Lament Power Firms' N1.3trn Debt
Gas producers in the country have said power generation companies owe them a total of N1.3tn for the supply of the fuel to power stations.
The nation generates most of its electricity from gas-fired power plants, while output from...
We Can’t Access N64bn Maintenance Fund - FERMA
The Federal Road Maintenance Agency on Tuesday declared that it had been unable to access the over N64bn road maintenance fund that was meant to come from a particular percentage of petroleum products sale.
FERMA’s Managing Director, Nurudeen...
In 13 Months, NNPC Spent N956bn On Petrol Subsidy
An operations and financial report of the Nigerian National Petroleum Corporation (NNPC) has shown that the state oil company spent monies worth N956,765,767,585 on various costs it incurred between October 2017 and October 2018, a period...
