Fashola Says FG Owes Contractors Over N11trn   The Federal Government owes contractors about N11.16tn for the construction of various highways across the country and certificates of completion. The Minister of Works and Housing, Babatunde Fashola (SAN), who made this disclosure while defending the proposed budget of...

Nigeria’s N14.42trn Pension Assets Secured With PFCs - PenCom   Nigeria’s pension assets of N14.42trn is infallible due to structures put in place to ensure its safety through the Pension Fund Custodians (PFCs), the Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has said. The PenCom boss...

2023 Budget: Senate Suspends Defence Over Minister’s Summons Refusal   The Senate, on Tuesday, refused to consider the 2023 budget for the Ministry of Defence after the Minister, Bashiru Magashi, failed to honour invitations extended to him by the Senate Adhoc Committee on the Resuscitation of...

'Nigeria, Africa Require $40bn For Stable Electricity'   Nigeria and African countries will require an average of $40bn power grid investments annually for about five years to deliver stable electricity to citizens on the continent, the Group Managing Director, Sahara Power Group, Kola Adesina, has said. He...

Alleged N170.3m Fraud: Court Fixes Nov 8 To Arraign Zinox Group Chairman, Wife, 9 Others   The Federal Capital Territory (FCT) High Court, Apo, has fixed Tuesday, November 8, 2022, for the formal arraignment of the Chairman of Zinox Group, Leonard Stanley Ekeh; wife, Chioma, and...

CBN Destroys Over N6trn Banknotes Under Buhari's Administration   The Central Bank of Nigeria is expected to have destroyed over N6tn worth of mutilated and old banknotes when the regime of President Muhammadu Buhari expires in May 2023. Already, data obtained from the annual reports of the...