Border Closure Kick-Starts N20b Rice Mill In Katsina State

Recall that the Federal Government of Nigeria in August 2019, announced the closure of the country’s land borders that connects with Benin and Niger Republics.

Ajaokuta Steel To Gulp $1.5bn, To Be Completed In 2022

Nigeria's giant steel company, Ajaokuta Steel Company will begin full production in 2022 as the Russian Government, through the Russian Export Centre and the Africa Export-Import Bank (Afreximbank), is expected to commit $1.465bn to the moribund steel company’s revitalization.

Manufacturing Sector Creates 1.64 Million Jobs

The Manufacturers Association of Nigeria (MAN) has disclosed that it recorded an increase at the end of the first half of 2019. It gathered that an estimated 1,644,392 historical cumulative jobs had over time been created by the sector. 

House Of Reps Moves To Investigate MDAs Over Unspent Budgeted Funds

The House of Representatives said it has commenced an investigation of some Ministries, Departments and Agencies (MDAs) ‎over unspent budgeted funds.

Lobby Hits Pension Funds, As Assets Hit N9.8tn

Intense lobbying by private investors has reportedly hit the National Pension Commission (NPC), as the commission's total assets under the Contributory Pension Scheme rose to N9.8tn as of the end of November 2019.

Getting Senator With N1billion Property As Surety Not Feasible – Maina

The embattled former Chairman of the defunct pension reform Task Team, Abdulrashid Maina, who is undergoing trial on charges bordering on money laundering involving N2 billion, has today appealed to the Federal High Court sitting in Abuja to review some of its condition attached to his bail over N1bn granted to him by the court last November.

Implementation of 7.5% VAT Commences - Idris

The Federal Government of Nigeria has begun the implementation of some aspects of the Finance Act with the imposition of 7.5 per cent Value Added Tax on government transactions.

Nigerians To Get 18 Hours Power Supply - FG

Nigeria's Minister of Power, Engr. Sale Mamman has disclosed that Nigerians may commence enjoying about eighteen (18) hours of power supply daily as soon as power generation and distribution get to 7,000 megawatts.

Nigeria Open To More Investments - Osinbajo

Nigeria's Vice President, Yemi Osinabjo has disclosed that Nigeria is open to more investment from foreign companies, including from Turkey.

Alleged Extortion: Intimidation Cannot Subdue Me – Shehu Sani

The embattled Shehu Sani, a former senator representing Kaduna central has accused the federal government of using intimidation by proxy to make him stop criticising the government of President Buhari.