FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...

‘18 Unviable Airports Account For N65bn Revenue Shortfall’       The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion. Management of FAAN, while appearing before the House of...

Banks Shut In Ibadan Over Tax Defaulting It was a disturbing incident as financial transactions were paralyzed in many banks in Ibadan, the Oyo state capital, Monday morning, as a combined task force team of the state Inter-ministerial Enforcement Unit swoop on the financial institutions...

NERC Suspends Ibadan Disco’s Board Over N6bn Transaction The Nigerian Electricity Regulatory Commission on Thursday announced the suspension of the Board of Directors and other key management staff members of the Ibadan Electricity Distribution Company on account of the firm’s default in the recovery of...

Re-commissioned Ibadan Depot to Ease Products Supply, Distribution in South West …As Gov. Ajimobi Pledges Vehicles for Pipeline Security Products supply and distribution have received a huge boost in Oyo State and the South West region of the country, following the re-commissioning of the Ibadan Depot...