'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...

RMAFC Commences Review Of Public Office Holders’ Salaries   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has begun consultation with stakeholders with a view to reviewing public office holders pay. As such, the agency said it would engage critical stakeholders to determine if the remuneration for...

Senate Probes AGF Malami’s Ministry Over N2.2bn Expenditure   The Senate Public Account Committee has started investigating the N2.2bn unaccounted expenditure allegedly collected by the Federal Ministry of Justice, between 2017 and 2021 from the Service Wide Votes. The committee is currently going through the records of...

Aggrieved Workers Transfer N483bn To New PFAs   No fewer than 109,522 workers have transferred their Retirement Savings Accounts to other Pension Fund Administrators since the National Pension Commission opened the transfer window in 2020. Findings revealed that the workers moved N483.3bn RSAs for different reasons. The National...