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Court asked to reverse FG’S alleged unlawful N80.6b Baro Port rail line contract award

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By Yemi Oyeyemi, Abuja. A Federal High Court in Abuja has been asked to reverse a N80.6Bn rail line construction contract awarded to a Chinese...
Business

Senate receives Buhari’s request for additional 2.557trn for petrol subsidy in 2022 Act 

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The Senate has received a request from President Muhammadu Buhari to amend the 2022 Appropriation Act passed by the National Assembly in December, 2021. The...
Business

After admission on bad fuel, who pays compensation to motorists, for damaged cars?

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Now that the Nigerian National Petroleum Corporation Limited has blown the whistle on companies that supplied the adulterated fuel that cost motorists cash and...
Business

NEXT Cash & Carry Supermarket in Abuja gutted by fire, and looters have field day (+Video)

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The Next Cash and Carry, a popular supermarket in the Federal Capital City of Abuja, has been gutted by fire, while looters were seen...
Business

FEC approves 16 contracts to boost power transmission

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The Federal Executive Council (FEC) has approved 16 contracts aimed at boosting the capacity to transmit and distribute power in Nigeria. The Minister of Power,...
Business

Titan Trust Bank Acquires Union Bank With Purchase of 89.3% Shares

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Union Bank of Nigeria (UBN) Plc on Thursday announced a proposed divestment of majority shareholding interest in the bank to Titan Trust Bank Ltd. The...
Business

President Buhari: Nigeria needs N348.1 trillion investments to achieve 5-year National Development Plan

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The Nigerian government requires an investment size of N348.1 trillion to achieve the targets set out in the National Development Plan 2021-2025, President Muhammadu...
Business

Like House of Reps, Senate passes N17.126 trillion budget; will transmit to Buhari for assent Thursday

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The Senate has passed 2022 Appropriation Bill of N17.126 trillion, with an indication by President of the Senate, Ahmad Lawan, that the National Assembly...
Business

AEDC takeover: BPE challenges court’s jurisdiction to hear suit, as court restates maintenance of status quo

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The Bureau of Public Enterprises (BPE), on Monday, challenged the jurisdiction of a Federal High Court, Abuja to hear a suit filed against it...
Business

FG opens 5th shared facility for MSMEs in Edo

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Statement RELIEVING MSMES' FINANCIAL BURDENS, FG OPENS 5TH SHARED FACILITY IN EDO, AFTER BENUE, LAGOS, ANAMBRA & IMO *Next: Kebbi, Kaduna, Ekiti, Bauchi, Ebonyi, Katsina, Kano,...
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