NERC Fails To Explain N2bn Contract Proposal       The Chairman of the Nigerian Electricity Regulatory Commission, Prof. James Momoh, on Wednesday, failed to tell the House of Representatives the total cost of demarcating and renovating the commission’s headquarters in spite that N2bn was proposed for completion...

Design New Revenue Sharing Formula, Lawmakers Tell RMAFC         The House of Representatives has asked the Revenue Mobilisation, Allocation and Fiscal Commission to come up with a new revenue sharing formula that will put more resources at the disposal of state and local governments. The House Committee...

Fed Govt Seeks New $1.2bn Loan From Brazil       The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National...

2021 Budget: Reps Cancel All New Capital Projects By TCN         House of Representatives has cancelled all new capital projects planned for execution by the Transmission Company of Nigeria, TCN. The House Commitee on Power reached the decision via a motion at the resumed budget defence session...

Local Airlines’ Debt Burden Hits N22bn       Minister of Aviation, Hadi Sirika, yesterday, disclosed that the local airlines’ total debt burden to regulatory agencies stood at N22 billion. A breakdown showed the sum of N19.37 billion and $6,993,284 million (N2.7 billion) as unremitted Ticket Sales Charge...

Reps Seek Indefinite Suspension Of Airports’ Concession         The House of Representatives has asked the Federal Government to suspend indefinitely the plan to concession airports until all issues have been addressed. The House Committee on Aviation, which criticised the Minister of Aviation, Hadi Sirika, for failing to...