Lai Takes Responsibility For Payment Of N2.5bn To Pinnacle Former Minister of Information Lai Mohammed is reported to have made a statement to the ICPC investigators taking responsibility for the approval of the N2.5 billion payment to Pinnacle Communications Limited by the National Broadcasting Commission...

FEC Okays N2.5bn For Dry Gas Pipeline Installation   A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5bn. The 30-kilometre project, which is operated by Shell...

IBEDC: We Lose Over N2.5bn Monthly To Vandals, Unpaid Bills   The Ibadan Electricity Distribution Company (IBEDC) says it loses over N2.5 billion monthly to vandalization of its power installations and customers who refused to pay their electricity bills. Speaking during the commissioning of its office/electricity consumers’...

Tribunal Overrules FCMB In N2.5bn Debt The Investments and Securities Tribunal (IST) sitting in Abuja has finally resolved a decade-long cyclical dispute between a stock broking firm, Valueline Securities and Investments Ltd and First City Monument Bank Plc (FCMB) over the repayment of N2.5 billion...

DPR: N2.5bn Fine Slammed On Marketers Over Petrol Diversion   The Department of Petroleum Resources (DPR) has fined over 20 oil marketing companies N2.5 billion for diverting about 162 trucks or roughly nine million litres of petrol between January and February. Briefing journalists after a meeting in...