Senate Indicts NSA Over Alleged Diversion Of $2.3bn, Others       The Senate has indicted the Office of the National Security Adviser (NSA) over an alleged diversion of N1,075,266,599.06, $2,301,329.54 and €196,257.42 by the Nigerian Ports Authority (NPA). Apart from asking the Economic and Financial Crimes Commission (EFCC)...

FG Approves $2.3bn For 7,000Mw Power     The Minister of State for Power, Mr Goddy Agba said the Federal Government plans to spend $2.3 billion in the first phase of the Presidential Power Initiative (PPI) project, aimed at increasing the nation’s power transmission capacity to 7,000megawatts...

Nigeria, Others Lose $2.3bn To Maritime Crime In Two Years   The littoral states in the Gulf of Guinea Region, that is West Africa and its trading partners lost about $2.3billion to Maritime Crimes between 2016 and 2018, the Director General of the Nigerian Institute of...

Mambilla Project: Nigeria Risk Paying Fresh $2.3bn Fine   Nigeria may face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. This is coming after a British commercial court awarded $9.6bn against the country in favour of Process and...

NNPC Repays $2.3bn Joint Venture Cash Call Arrears   The Nigerian National Petroleum Corporation has so far repaid $2.3bn cash call arrears to its Joint Venture partners. Nigeria’s oil and gas production structure is split between JV (onshore and in shallow waters) with foreign and local firms...

FG Okays $2.3bn For Coastal Rail Line Development The Federal Government has approved the sum of $2.3bn for the development of a coastal rail line that will run through coastal states in the country. It was gathered that of the sum, $1.8bn would come as a...