Nigeria has expressed hope of benefiting from the newly $770 million United Nations Road Trust Fund to strengthen the Federal Road Safety Corps and reduce road fatalities by 50 per cent by 2030.

According to a statement, Mr Akinremi Bolaji, Minister Plenipotentiary, Permanent Mission of Nigeria to the UN who expressed the wish while delivering Nigeria’s statement at the launch of the Fund at the UN headquarters in New York said: “As a developing country, Nigeria not only supports the trust fund but anxiously looks forward to being among the first beneficiaries from the envisaged financial support.

Oil currencies have been hammered since crude prices crashed almost four years ago, and none more so than Angola’s.

After a series of devaluations that started in January, the OPEC member’s kwanza has now lost 55 percent of its value against the dollar since June 2014, when Brent crude began its slide from a peak of $115 a barrel.

The NNPC has urged Nigerians not to buy petrol from any filling station selling above the approved pump price of N145, one day after its filling station in Abuja was shut for selling at N181. Maikanti Baru, the corporation’s boss, made the call on Thursday while reacting to the closure of the NNPC station by the Department of Petroleum Resources.

Senate President, Dr. Bukola Saraki has directed the Senate Committee on Appropriation to submit its harmonized report on the 2018 budget next week to allow for consideration and passage. The Senate President who gave the directive on Tuesday at plenary said the Committee has till Friday to do so.

The home affairs ministry could not account for over N$16,7 million transferred into five bank accounts based in foreign countries during the 2016/17 financial year.

This was among the revelations in the audited report by auditor general Junias Kandjeke on the accounts of the home affairs ministry that was submitted to the National Assembly late last month.

The report stated that while the ministry had transferred money abroad to cover "the cost of living allowances" for its attaches in five different countries, the ministry failed to account for such funds, under review, because they said they had no control over the accounts.

The market indicators of the Nigerian Stock Exchange (NSE) on Tuesday rebounded by 0.17 per cent following gains by Mobil and Dangote Cement. The All-Share Index rose by 69.86 points or 0.17 per cent to close at higher at 40,499.04 compared to 40,429.18 posted on Monday.

Nigerian Breweries Plc says that 100 percent of its packaging materials are sourced locally to boost the nation’s growth and development. Mr Jordi Borrut Bel, the company’s Managing Director, said this at its pre-Annual General Meeting (AGM) media conference in Lagos. Bel said that some of the company’s packaging materials sourced locally were bottles, cans, corks and labels, among others.

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has reacted to media reports of a “strongly-worded letter to the President” objecting to the payment of $16.9 million fees to two lawyers for the recovery of Abacha funds, saying they were malicious and misleading.

According to a statement, the Minister dissociated herself and the Federal Ministry of Finance from the reports on the Abacha refunds, saying at no time did she write any letter to the President or any member of the Federal Executive Council (FEC) on the payment of lawyers for the Abacha recovery.

Also speaking at the briefing, Minister of Transportation, Rotimi Amaechi, said the cabinet gave approval for the dredging of the Escravos and the Warri Seaport and the replacement of bad navigational aids at the cost of N13 billion. Minister of Power, Works and Housing, Mr. Babatunde Fashola said his ministry presented three memos at the meeting, and got approval of about N56 billion naira for the rehabilitation of roads.

The Nigerian Communications Commission (NCC) MTN has paid N165 billion out of the N330 billion fine imposed on it due to its inability to disconnect improperly registered SIM cards.

Executive Vice Chairman of NCC, Prof. Umar Danbatta disclosed this on Monday in Abuja when MTN Group, led by its Chairman in Nigeria, Dr Pascal Dozie visited the commission.

In October 2015, the telecom regulator imposed a fine of N1.04 trillion on MTN Nigeria for not complying with government’s rule on deactivation of unregistered SIM cards.