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Lawmakers to Remove N37b Items from Budget

Lawmakers have uncovered 25 fresh errors in this year’s budget, it was learnt  that the items involved are allocated about N37, 025, 238, 407. Of the amount, about N21,623,323,649 voted for office repairs was rated “avoidable” by the Senate and House of Representatives committees on...

NNPC Denies Failing to Remit N3.325trn to Federation Account

  The Nigerian National Petroleum Corporation, NNPC  has denied failing to remit N3.325 trillion  to the Federation Account.  It, however, admitted that it owed the government N326.14bn, which was still being reconciled. The corporation was reacting to the revelation of the Auditor-General of the Federation to the...

Nigeria To Sign UN Gas Flaring 2030 Deadline Agreement

With the support of the National Assembly, Nigeria intends to sign the United Nations Agreement on Zero Routing Gas Flaring by 2030, according to Vice President, Prof. Yemi Osinbajo, SAN. Moreover, Prof. Osinbajo disclosed that the federal government has indeed set an earlier national target...

Nigeria’s Active Telephone Users Increase by 340,525 in January

The Nigerian Communications Commission, NCC, has said that the active subscribers in Nigeria’s telecommunications industry increased by 340,525 in January. The regulatory body made this known in its Monthly Subscriber Data, which was made available to the News Agency of Nigeria in Lagos on Sunday. Active...

Nigeria Fines Globacom, MTN N34 million

The Nigerian Communications Commission, NCC, has fined MTN Nigeria and Globacom Ltd a total of N34 million for breach of the Mobile Number Portability business rules and regulations. The regulatory body made this known in its “2015 Q4 Compliance Monitoring and Enforcement Reports’’ obtained by...

Nigeria Welcomes Islamic Bank Infrastructure Financing offer

President Muhammadu Buhari Thursday in Mecca welcomed an offer by the Islamic Development Bank, IDB, to organize a financing round-table in Abuja to mobilize more funds for investment and development of infrastructure in Nigeria. The president of the IDB, Ahmed Ali, made the offer at...