FG’s FOREIGN DEBT IS $27.6BN NOT $76BN -DMO Replies Falana
The Debt Management Office (DMO) says Nigeria’s outstanding external debt is $27.6 billion. by The Cable In a freedom of information (FoI) request dated August 3, 2020, Falana & Falana…
CONTRACT JUDGMENT ENFORCEMENT: FIRM LISTS 33 NIGERIA’S UK PROPERTIES, BEGINS SALES SOON ▪Company accuses FG of breach of agreement on Sapele Power deal •We will pursue all remedies available -Office of Attorney-General
At least 33 properties owned by the Federal Government in the United Kingdom have been identified and some are at risk of being forfeited due to a damage cost awarded…
774,000 JOBS: MORE SLOTS FOR GOVERNORS, LAWMAKER ▪40% for Govt Officials •NDE takes over Recruitment with Minister’s Supervision
A new sharing formula for the Federal Government’s 774,000 public work jobs will give governors, federal lawmakers, ministers and other category of people 40 percent of the slots, it was…
POLARIS BANK INTRODUCES TARGET SAVING ACCOUNT
Polaris Bank has launched an account called ‘Polaris Target Savings Account’ to boost healthy savings culture and build a strong financial base. The Group Head, Products and Market Development, Mrs…
NEC 10TH EDITION: UBA FOUNDATION CALLS FOR ENTRIES, INTRODUCES DIGITAL SUBMISSION PORTAL FOR STUDENTS, INCREASES PRIZE MONEY BY OVER 33%
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has today commenced the 2020 edition of its annual National Essay Competition in Nigeria with…
FCMB PROJECTS 76.13% DIP IN POST-TAX PROFIT FOR 2020
FCMB has intimated its shareholders that they should expect a 76.13 decline in profit-after-tax (PAT) at the end of this financial year. In a statement sent to the Nigerian Stock…
NEW 5,420MW CAN ONLY SERVE 3.5M ELECTRICITY CONSUMERS -Investigation
Nigeria’s current highest power generation capacity of 5, 420.30 Megawatts (MW) can only serve 3.5million households of the over 42million households across the country, The Nation can authoritatively report. The…
AKEREDOLU SAYS NO PLAN TO SACK WORKERS AFTER ELECTION
Less than 50 days to the governorship election in Ondo State, Governor Oluwarotimi Akeredolu has denied reports that he planned to sack 2000 workers after he emerged victorious at the…
SENATE TO BAR FIRS, CUSTOMS, NBC, 57 OTHERS FROM GETTING FEDERAL ALLOCATIONS
Barring any last-minute changes, the Senate is set to advise the Federal Ministry of Finance, Budget and National Planning to exclude 60 federal agencies from getting allocation from the national…
N155BN ABUJA-KANO ROAD CONTRACT INFLATED -Reps ▪say no appreciable work done by contractor after collecting N70bn
MEMBERS of the House of Representatives said on Friday that the contract for the construction of the Abuja-Kaduna-Kano dual carriage way was inflated. The contract was allegedly awarded to Julius…