Senate Summons FAAN MD Over N1.5bn Indebtedness To NiMeT           The Senate has summoned the Managing Director of the Federal Airport Authority of Nigeria, Rabiu Yadudu, to explain his agency’s alleged failure to remit N1.5bn meant to be the the internally generated revenue of the Nigeria...

SEC Remits N1.5bn To FG, Assures Of Profitability In Two Years         Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could go bankrupt very soon, Director-General, of the SEC, Mr. Lamido Yuguda has disclosed that...

Unexecuted Contracts: Senate Indicts NIMASA For N1.5bn Payment         The Senate Public Accounts Committee has sustained the report of the Auditor General for the Federation, which indicted the Nigerian Maritime Administration and Safety Agency of paying N1.5bn to contractors who did not execute projects awarded to...

Oil Firms Spent N1.5bn On Transport In Six Months     The total expenses made on transportation and freight costs of oil products by three major oil marketing companies in the country in the first six months of the year amounted to N1.5bn. This is in contrast to...

Niger Gets N1.5bn CBN Loan To Boost Agriculture     Niger State government on Thursday disclosed that it has accessed N1.5 billion Central Bank of Nigeria (CBN’s) Accelerated Agriculture Development Scheme to boost production of rice, maize and soya beans in the state. The state Commissioner for Livestock...

Dangote-led Flood Committee Donates N1.5bn to fight COVID 19 Pandemic     Bothered with the increasing trend and spread of Covid 19 pandemic, the Presidential Flood Relief and Rehabilitation Committee, set up in 2012 by the Federal Government and led by the President of Dangote group, Aliko...