Business

The House of Representatives has summoned the Auditor-General of the Federation (AGF) to appear before it on Aug. 30, for explanation on fuel subsidy payments between 2013 and 2022. The lawmakers want the auditor-general to provide documentary evidences on the audit carried out on the monies spent on fuel subsidy …

The Director-General of the Nigerians in Diaspora Commission, Mrs Abike Dabiri-Erewa, on Thursday, warned Nigerians against moving to Northern Cyprus, due to the human rights abuses meted out to Nigerians in the country. She also warned that the country, which is only recognised by Turkiye, does not have robust mechanisms …

As part of moves to boost confidence in the participation of the Micro Pension Plan, the National Pension Commission is strategising to provide incentives such as health insurance to those that will embrace the scheme.  This is just as the Commission revealed that it has simplified the documentation process for …

The Federal Government said recommencing the Abuja-Kaduna train service while some of the passengers kidnapped by terrorists during the March 28 train attack will be insensitive to their families. This was as it said measures were underway to employ advanced technology-based surveillance systems to forestall future terrorist attacks. It said …

The Federal Government has engaged two security firms at the cost of N718 million to protect railway stations and tracks in the nation’s capital. The Minister of FCT, Muhammad Bello, disclosed this after Wednesday’s Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari. The contracts, as approved by …

The Federation Account Allocation Committee (FAAC) has shared a total sum of N954.085 billion July 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.   This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting held in Abuja …

All 36 of the federation’s states are required by the federal government to create a ministry of digital economy. This was said by Isa Pantami, Minister of Communications and Digital Economy, in remarks to the media on in Abuja following the first meeting of the Presidential Council on Digital Economy and …

The Federal Government, on Wednesday, approved N54.82bn for various projects in the Ministries of Works and Housing, and Humanitarian Affairs, Disaster Management and Social Development. This is as it approved a refund totalling N9.18bn to Kebbi and Taraba States for federal road projects executed by their governments during the Jonathan …

The Court of Appeal sitting in Abuja has dismissed the appeal filed by Sunshine Chemical Development Company Limited against the Standards Organisation of Nigeria claiming that it acted in bad faith in rejecting the company’s application to import sugar unfortified with Vitamin A. Justice B. F. M. Nyako of the …

Zenith Bank, Nigeria’s tier-one lender has beat earning volatility to post 17 per cent revenue growth of N405bn from N304bn, driven by record surge in interest income. From a profit of N117bn in June last year, the bank saw an 11 per cent leap in its half year profit ending …