FG Shops For N5.9trn To Deliver Multiple Rail Projects As China Ditters With a protracted delay from China in opening up funds for Nigeria, the federal government is turning to the British market where it expects to raise $14.4 billion (about N5.993 trillion) at least...

  By Abdulrahman Abdulraheem  The PAMO University of Medical Sciences, located in Port Harcourt, Rivers state capital, has been thrown into turmoil and uncertainty over a major disagreement between the management of the School and parents of the students.  Parents are up in arms against the Management...

The Senate Committee on Public Accounts has cleared the Bureau of Public Enterprises (BPE) of allegations of financial impropriety brought against it by the Office of the Auditor General of the Federation (OAuGF). This is contained in a statement issued by Mr Ibeh Chidi,...

Fed Govt Gives N250bn Sukuk Bond To Three Ministries   The Federal Government has given a cheque of N250bn from Sukuk bond to three ministries for the implementation of capital projects across the country. These are the Ministry of Works and Housing, Ministry of Federal Capital Territory,...

Commercial Loans To Govt Hit N13.7trn    Commercial loans to Nigeria’s public sector rose from a moderate N4.88 trillion to N13.73 trillion in five years (from December 2016 to the end last year), raising concern about the increasing exposure of banks to the government. The leap –...

NIMASA Generated Over N108bn Revenue In Four Years   The Nigerian Maritime Administration and Safety Agency (NIMASA) generated over N108 billion revenue in the last four years. Addressing reporters in Lagos at the weekend, its Director General, Dr Bashir Jamoh said the agency generated over N31 billion...