The Independent Corrupt Practices And Other Related Offences Commission (ICPC) has started investigations into an alleged misappropriation of N2.5 billion seed grant released to Nigerian Broadcasting Corporation (NBC) by the Federal Government for its digital switch-over programme. The Minister of Information and Culture, Lai Mohammed, and the D ... Read more

STAFF and management of The Shell Petroleum Development Company of Nigeria Limited (SPDC) have spent the last two weeks working as volunteers in the distribution of relief materials worth over N300 millions to communities affected by devastating floods in the Niger Delta states of Rivers, Bayelsa, and Delta. With staff making personal cash donation ... Read more

The National Agency for Science and Engineering Infrastructure (NASENI) has concluded plans to begin the manufacture of helicopter in the country. To actualize this objective, NASENI has decided to partner the Nigerian Civil Aviation Authority (NCAA) to provide relevant guides on the plan to produce made-in-Nigeria choppers. In addition to th ... Read more

FMCG major Britannia Industries has shortlisted four countries – Nigeria, Egypt, Myanmar and Bangladesh – for the expansion of its overseas operations, a top company official said. The company hopes to begin operations in one of them in the next financial year and in another in the following year. The Kolkata-headquartered company ... Read more

General Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process adviser told Reuters on Wednesday. The Nigerian railway concession project was worth around $2 billion for two lines connecting northern cities to others ... Read more

The Senate Committee on Gas has said that NNPC and Central Bank of Nigeria (CBN) are to submit documents on the withdrawal of $1.2 billion from the NLNG dividends account within the last two years. The committee decried the withdrawal from the Nigeria Liquefied Natural Gas ( NLNG). The Chairman of the committee, Sen. Bassey Akpan, made this k ... Read more