archiveJuly 14, 2016

Federal ministries, departments and agencies (MDAs) are indebted to the Federal Government to the tune of N178.56 billion. The Debt Management Office (DMO) disclosed this in a report entitled: ‘Federal Government On-lent Loans to MDAs’, stressing that 11 MDAs benefitted from the money lent to them for infrastructure development projects....

The Director-General of Securities and Exchange Commission (SEC), Mounir Gwazo, has revealed that the nation’s unclaimed dividends now in the excess of N80 billion. The DG who was speaking during a meeting with management of Nigerian Television Authority (NTA), in Abuja, regretted that the unclaimed dividends were from small stakeholders...

The repairs on the fourth turbine of the Shiroro Hydro Dam in Niger State has been completed and there is hope of  improved power supply in the country as a result of the development. The turbine which collapsed since 2010 had defiled all efforts to bring it back on stream...