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Seven States, Fidelity, Others Raise N141bn Bond

Seven states of the federation including Plateau and Oyo raised a total of N60.95bn through the bond market in 2015, the Debt Management Office has said. It also disclosed in a report of its activities in 2015 that corporate organisations including Fidelity Bank and FCMB...

Kwara Loses Over N400m To Illegal Recruitment Of Teachers

The Kwara State Government said it lost over 400 million Naira since 2014 due to the illegal recruitment of 516 employees by the State Teaching Service Commission. In 2015, the Kwara State Government directed the Commission to employ secondary school teachers in the discipline of...

FG Okays Four Oil Wells for Lagos, Rejects One

The Federal Government says four of the five oil wells discovered in Lagos belong to the state. It added that the fifth oil well could not have belonged to the state since its location fell outside the approved distance. The Chairman, Indices and Disbursement Committee, Revenue...

NNPC to commence Oil Exploration in Benue Trough

The Nigerian National Petroleum Corporation NNPC is to commence the search for crude oil and other hydrocarbon exploratory activities in the Benue Trough. The Group Managing Director of the NNPC, Mr. Maikaniti Baru made the disclosure while receiving a delegation from the Benue State Government,...

BoI, Gombe Seal N360m Solar Power Pact

The Bank of Industry has signed a N360m solar power agreement with the Gombe State Government for the deployment of pay-as-you-go solar home systems in selected rural communities of the state. Gombe is one of the states that benefitted from the first phase of the...

Lagos to Build 187,000 Houses Yearly

The Lagos State Government plans to build 187,000 housing units annually over the next five years to address the 2.5 million housing deficit, the Commissioner for Housing, Prince Gbolahan Lawal, has said. Lawal, who stated this during a courtesy visit to the office of the...