Lawmakers Accuse Apapa Gridlock Presidential Task Force Of Extortion       The House of Representatives has said the Federal Government should pay attention to the construction of access roads linking seaports in the Apapa area of Lagos State. It also accused the presidential task force set up to...

$3trn Needed To Bridge Infrastructural Deficit In Nigeria - Osinbajo         Vice President Yemi Osinbajo says three trillion dollars is needed to bridge the infrastructural deficit in Nigeria over the next 30 years. He said that adopting new models of investments for infrastructural development in the country...

Fed Govt Hands Over N105.3bn Power Plant To Transcorp       The Federal Government on Thursday handed over the N105.3bn Afam Power Plant to Transcorp Power Consortium based on the approval of the National Council on Privatisation. The Director-General, Bureau of Public Enterprises, Alex Okoh, handed over the...

Nigeria’s Per Capita Income May Hit 40-year Low – W/Bank       The World Bank said on Monday that Nigeria’s per capita income could fall in 2020 to its lowest level in 40 years. The bank also raised concern about the debt service cost being incurred by the...

Finance Bill Proposes Tax Reliefs For Donors To COVID-19 Funds       More highlights of the Finance Bill 2020, approved by the Federal Executive Council (FEC) on Wednesday, were unveiled yesterday at a virtual National Economic Council (NEC) meeting presided over by Vice-President Yemi Osinbajo. Presenting the bill...

Nigeria’s Oil Rigs Decline By 30% As Exploration Drops       The number of active oil rigs in Nigeria declined by 30 per cent in October, with stakeholders lamenting the reduction in exploration activities in the nation’s oil and gas industry. Data obtained by our correspondent from the...