The Federal Government has announced the reconstitution of the Board of Directors of Nigeria Bulk Electricity Trading Company. This is confirmed in a statement issued by the Director of Information, Ministry of Finance, Mr. Hassan Dodo. The statement said the reconstituted NBET Board, which has been ratified by the Acting President, Prof. Yem ... Read more

Documents obtained from the Canadian government have revealed that the Federal Government of Nigeria received $2.68 billion, about N817.4 billion, from Total, Chevron and China National Offshore Oil Company (CNOOC) in 2017. The companies presented the information under Canada's extractive industry law which required extractive entities activ ... Read more

The Nigerian operation of the South African telephony giant  MTN on Wednesday signed a seven-year N200 billion medium term loan agreement with a consortium of 12 banks, which it said would deepen its investments in Nigeria. The Chief Executive Officer of MTN Nigeria, Mr Ferdi Moolman, at the agreement signing ceremony in Lagos, named FBN Quest t ... Read more

The Federal Executive Council on Wednesday approved the augmentation of the cost of the rehabilitation of Enugu-Onitsha road by N5.4bn. The decision was taken at the weekly meeting of the council presided over by the Acting President, Yemi Osinbajo, at the Presidential Villa, Abuja. The Minister of Power, Works and Housing, Mr. Babatunde Fash ... Read more

Electricity generation in Nigeria on Monday dropped to 2,684 megawatts, as there was decline in output from the hydropower plants and some gas-fired stations, including Egbin in Lagos. According to reports from the Ministry of Power, Words and Housing, the total generation capacity of 4,463.3MW was unavailable as of 6am on Monday, compared to 3, ... Read more

If truly a bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain, then Fidelity Bank might be getting drenched in torrential doses of the proverbial bank’s poison. Fidelity Bank Plc has continued to project itself as one Nigerian bank with deluge of abysmal customer abuses; and if a piec ... Read more

The arrest and interrogation of former DG of the DSS, , Lawal Daura, has netted a big fish in his immediate predecessor, Mr. Ita Ekpenyong, over an  alleged N17billion fraud in the agency. Daura who arrested on Tuesday under dramatic circumstance after he was fired by Acting President Yemi Osinbajo had been under intense interrogation following ... Read more