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EFCC to Investigate Ministers, others

• Corruption, crime against humanity –Magu • ‘Why we arrested Reuben Abati’ Chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu revealed, in Kaduna, yesterday, that they have the mandate to investigate every government official, including ministers, irrespective of political party affiliations. Magu, who said...

Buhari Seeks Approval for $29.9bn Foreign Loan

President Muhammadu Buhari has written to the National Assembly asking them to approve a foreign loan of $29.960 billion to address infrastructure deficit in the country. The amount, which is under the government’s External Borrowing Plan, is to be spent on power, railway, roads, education,...

FG wants NIPOST to offer banking services

The Minister of Communications, Adebayo Shittu, says the ministry has submitted a proposal to President Muhammadu Buhari for the establishment of the NIPOST Bank to serve the interest of people in the rural areas. He said over 1,500 postal agencies across the country would serve...

GE Confirms Interest in $2bn Nigeria Railway Concession

U.S. conglomerate, General Electric (GE), has confirmed that it has a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion. President Muhammadu Buhari had during his independence broadcast to the nation disclosed that GE would be investing $2.2 billion in a...

Buhari to include Manufacturers in Govt

President Muhammadu Buhari has promised to appoint members of the Manufacturers’ Association of Nigeria (MAN) in his government in the coming months. He dropped the hint in Abuja yesterday at the 44th Annual General Meeting of the association with the theme: “Diversifying the Nigerian Economy:...

RMAFC Expresses Optimism on Economy

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has expressed optimism on the quick recovery of the economy from the effects of recession. It lamented that the prevailing reception “bites harder and negatively impacts on the socio—economic living conditions of the Nigerian populace.” A statement from...