The Federal Government has approved the verified sum of N25.9 billion as debt owed distribution companies by Ministries, Departments and Agencies MDAs of the Federal Government, according to the Minister of Power, Works and Housing, Babtunde Fashola. Fashola made this known to journalist after the federal executive council meeting at the State House.

Vice President, Prof. Yemi Osinbajo has described the establishment of an endowment fund for Africa, Caribbean and the Pacific (ACP) as timely.

The World Bank has projected that up to $22 billion will flow into Nigeria in 2017 through Diaspora remittances, noting that global remittance flow is set to recover this year after two consecutive years of decline.

A Federal High Court sitting in Lagos on Wednesday ordered a limited liability company, Ziklagsis Network Limited to pay the sum of N1. 906, 732, 758. 66 billion it admitted it was owing as unpaid bank loans to Asset Management Corporation of Nigeria, (AMCON).

AZMAN Air-Nigerian fasting growing airline has boosted it fleets of aircrafts with the acquisition of a new Airbus as part of an on-going initiative geared at operating some of the new international routes approved for it by the Nigerian aviation authorities.

The Sokoto Area Command of the Nigeria Customs Service (NCS) has intercepted two elephant tusks weighing 65 kilogrammes and valued at more than N14 million.

Babatunde Fashola, minister of power, works and housing, has questioned the call for the cancellation of the privatisation of the power sector.

The Fiscal Responsibility Commission (FRC) reports that over 23 state governments have breached the Debt Management Office (DMO) guidelines on subnational borrowing by exceeding their borrowing limits. The Commission in its latest report listed Lagos, Kaduna, Cross River, Gombe, Ekiti, Edo, Imo and Ondo states as those that have borrowed more than 50% of their annual statutory allocations in 2015.

Dr Ja’afar Sa’ad, a political economist on Thursday in Zaria advocated for the establishment of an autonomous body to regulate community and micro finance banks in Nigeria for maximum output.

Mr Aigboje Aig-Imoukhuede on Monday bowed out as the President, National Council of the Nigerian Stock Exchange (NSE) after serving for three years.