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NNPC Restructuring Still Being Deliberated- FG

The restructuring or total overhauling of the Nigerian National Petroleum Corporation is still being deliberated and has not been effected, the Federal Government has said. According to the Federal Ministry of Petroleum Resources, it will be dangerous to reach a conclusion on the matter when...

Increase Investment in Infrastructure, NBCC Advises FG

The Nigerian British Chamber of Commerce has advised the Federal Government to increase its investment in infrastructure as a way of creating more jobs. The chamber gave this advice in a statement signed by its President, Mr. Dapo Adelegan, the chamber stated that part of...

Nigeria, World Bank, Seven Energy to Add 500MW to National Grid

In fulfilment of its commitment to increasing power supply in the country and further tapping into the ‘gas to power’ value chain, the Federal Government has signed a number of agreements that will add more than 500 MW electric power to the National Grid. Specifically...

FG begins new housing programme with N35bn

In its bid to remove obstacles to the supply of affordable housing units across the country, the Federal Government has commenced the pilot phase of the National Housing Programme with the sum of N35bn. According to the Minister of Power, Works and Houing, Babatunde Fashola,...

FG Withdraws Forgery Charges Against Saraki, Ekweremadu

The federal government withdrew the charges of criminal conspiracy relating to the alleged forgery of the Senate Standing Orders, 2015, filed against Senate President Bukola Saraki and his deputy, Ike Ekweremadu, at the Abuja High Court. In doing so, the Ministry of Justice filed an...

Operators Uncomfortable as FG Eyes N5.8tn Pension Fund

Pension operators in the country are increasingly getting uncomfortable with the moves being made by the Federal Government to use part of the N5.8tn Contributory Pension Scheme assets to fund infrastructure development and move the nation out of economic recession. Operators, who spoke to the...