Budget: FG to release N350bn for capital projects

The Federal Government is set to release the first tranche of capital release of N350bn to its Ministries , Departments and Agencies for implementation of the 2017 budget . The Minister of Finance , Mrs. Kemi Adeosun, disclosed this on

Continue reading…

Alleged N400m fraud: Metuh writes DSS to allow Dasuki to testify as witness

Erstwhile National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh, who is facing trial over allegation that he received N400million prior to the 2015 general election, on Monday, insisted on calling the detained former National Security Adviser,

Continue reading…

Alleged N1.1bn scam: Dariye begs court to adjourn trial

Former Plateau Governor, Joshua Dariye, on Monday begged an FCT High Court in Gudu to adjourn his trial over alleged N1.1 billion scam on medical grounds. Dariye, who is facing a 21-count charge of money laundering and diversion of state

Continue reading…

FEC approves N464m for purchase of 67 vehicles for FRSC

The Federal Executive Council (FEC) on Wednesday in Abuja approved 464 million naira for the purchase of 67 vehicles for the Federal Road Safety Commission (FRSC). The purchase of the vehicles is with a view to strengthen the commission’s capacity

Continue reading…

FG donates N35m sports equipment to Katsina primary schools

The National Lottery Commission in conjunction with National Lottery Trust Fund on Tuesday donated sports equipment worth N35 million 60 primary schools in Katsina State. The sporting facilities purchased by the government are football, volleyball, lawn tennis, basketball, athletics, badminton,

Continue reading…

CBN not planning to amend Forex Act’

The Central Bank of Nigeria (CBN) yesterday said it was not planning to amend the Foreign Exchange Act or recommend jail term for anyone that holds the dollar for more than 30 days. Acting Director, Corporate Communications Department, Mr. Isaac

Continue reading…

Economy sinks deeper into recession

Goods and services produced in Nigeria between July and September 2016 have dropped lower as the nation grapples with economic slow down. Companies and other economic agents in the country are producing far below their capacities as Nigeria’s economic slump

Continue reading…

Govt alone can’t bring about needed development — Ekweremadu

DEPUTY Senate, President Ike Ekweremadu, has stressed the need for well- meaning Nigerians to support in the provision of social amenities, saying government alone could not engender development. According to him, it has become imperative for individuals to assist government

Continue reading…

Pirated product as poisonous as adulterated drug – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed has said that “a pirated product is as poisonous as an adulterated drug” and urged stakeholders to take necessary steps to stem piracy. The minister said this on Sunday night in

Continue reading…