FG audits 33 agencies, uncovers N450 bn unremitted revenue The Federal Government is set to recover about N450 billion operating surpluses that were not returned by 33 agencies from 2010 to 2015. According to agency report, the Minister of Finance, Kemi Adeousun, made the announcement on Thursday in Abuja at a news conference. She said that an audit had been …

Power generation drops to 3,321mw The nation’s power generation capacity has dropped from 4,285 megawatts recorded on September 16 to 3,321 megawatts on December 1 due to dearth of gas, the News Agency of Nigeria (NAN) reports. NAN reports that this figure was obtained frokm the website of Nigerian Electricity System Operator on Thursday. The Transmission Company of Nigeria (TCN), …

Lagos targets 10,000 units of street lights in 2017, laments inadequate gas supply  The Lagos State Government is to deploy not less than 10,000 units of street lights before the end of February 2017. Already, the State Government had deployed 36,000 units under its light up Lagos initiative, bringing the total units to 46,000. Speaking in Lagos on Wednesday at the 2016 …

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NCC Suspends Directive to Hike Data Tariff The Nigerian Communications Commission (NCC) has suspended directive to hike data tariff in the domestic economy. This was occasioned by concerns that visited the directive to introduce price floor for data segment of the telecommunications sector beginning from December 1, 2016, The decision to suspend this directive was taken after due consultation with …

We‘ll Continue To Finance Development Projects –Ecobank MD The Managing Director, Ecobank Nigeria, Charles Kie, has restated the commitment of the Bank to continue to support projects that impact positively on the lives of the people and economic development of the country. Speaking at the commissioning of Abia Retail Shopping Mall (Shoprite) in Umuahia, Abia State recently, Kie who was …

Senate orders NCC to halt planned hike in data tariffs The Senate, Wednesday, ordered the Nigerian Communication Commission, NCC, to halt immediately, its planned hike in data tariff. The senate which mandated a Committee on Communication to carry out through oversight on the process to ensure that Nigerians are carried along in the process said it must ensure that Nigerians are …

Ekiti House Re-Invites Ex-Governor Fayemi Over N850M SUBEB Fund  Folake Sokoya The Ekiti State House of Assembly has again invited a former governor of the state, Dr Kayode Fayemi, over the controversial N850 million State Universal Basic Education Board (SUBEB) funds. The House also adopted the state Medium Term Expenditure Framework (MTEF) 2017 – 2019 document as its document at …

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