The Federal, States and Local Governments on Wednesday shared a total of N647.35 billion for the month of January as the Federation Account Allocation Committee (FAAC) meeting ended in Lagos.…
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Category: Economy
Show capacity or step aside for other investors, FG warns DisCos
Ebun Francis| The federal government on Wednesday asked electricity distribution companies (DisCos) in the country to either show they have capacity or step aside for other investors as government cannot…
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Buhari appoints Pondei ss acting NDDC MD
President Muhammadu Buhari has approved the enlargement of the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC), replacing Barrister Joy Nunieh with Professor Kemebradikumo Pondei, as Acting…
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Inflation rises to 12.13%, driven by increase in food prices
By our reporter| The consumer price index which measures inflation rose to 12. 13 percent according to data from the National Bureau of Statistics (NBS) on Tuesday. According to the…
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1bn barrel of crude oil discovered in Northeast – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the…
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