DISCOs FAIL TO REMIT N119.46BN COLLECTTIONS
In the Fourth Quarter of 2019, the 11 electricity Distribution Companies (DisCos) failed to remit N119.46 billion to the Market Operator (MO), The Nation learnt on Friday. The energy distributors,…
SEVEN MONTHS AFTER NATION’s REPORT, OYOOYO MINING BOARD
Oyo Governor Seyi Makinde has inaugurated the Nigerian Marble Mining Company Limited, Igbeti, a board saddled with the responsibility of ensuring the state mining sector is revamped. The Governor revealed…
SETTING THE FACTS RIGHT ABOUT THE REVISED 2020 FGN BUDGET By Ben Akabueze
Statutory transfers to UBEC (Basic Education) and BHCPF (Basic Health) are set by LAW at 2% and 1% respectively of the Consolidated Revenue Fund (CRF). Therefore, when the Covid-19 pandemic…
AfDB BOARD BACKS ADESINA, AUTHORISES REVIEW OF ETHICS COMMITTEE REPORT
The African Development Bank’s (AfDB) board on Thursday said it stood by an internal investigation by its ethics committee that had cleared its president Akinwumi Adesina of improper conduct. At…
FG TARGETS 5 MILLION JOBS WITH $1.2B SCHEME
The Federal Government is targeting five million jobs with its new agricultural revolution tagged: “The Green Imperative”. It plans to invest some $1.2 billion in the scheme, which has it…
BUHARI NOMINATES OKONJO-IWEALA FOR WTO DG POSITION
President Muhammadu Buhari has approved the nomination of Ngozi Okonjo Iweala, former coordinating minister for the economy, for the position of director-general of the World Trade Organisation (WTO), TheCable can…
32 STATESSTATES MAY FIND IT DIFFICULT TO PAY SALARY AFTER COop
‘32 states may find it difficult to pay salary after COVID-19’ by The Nation A governance and policy expert, Dr. Tunji Ogunyemi, has said about 32 states may find it…
NWAOBOSHI, AKPABIO CLASH OVER N500M NDDC CONTRACT
Niger Delta Affairs Minister Godswill Akpabio failed to execute a contract he got from the Niger Delta Development Commission (NDDC) worth N500million, according to Senate Committee on Niger Delta Chairman…
OIL HITS $40, NIGERIA CUTS PRODUCTION BY 216,000BPD
Global oil commodities gained in prices on Wednesday as Brent crude, the benchmark against which Nigeria’s crude is priced, rose to $40 per barrel for the time since March. Brent…
FG APPROVES N148BN REFUND FOR FEDERAL ROADS REPAIRS TO 5 STATES
The Federal Executive Council (FEC) has approved the reimbursement of funds expended on federal roads by some state governments. The total sum to be reimbursed to five states is N148,141,987,161.25.…