Seventeen states of the federation are to benefit from the 2016/2018 Medium Term Development Plan of the Federal Government which is expected to be financed from the $29.9 billion loan being sought by President Muhammadu c. The states, according to a document sighted by The Nation yesterday in Abuja, include Kaduna, Ogun, Borno,

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Minister of Communications Technology Adebayo Shittu has debunked claims that he approved data tariff increase by telcos. Rather, he said the Federal Government reneged on most of the promises it made to the telcos when they were being licensed to provide services in the country. The minister spoke while fielding questions from reporters in

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The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar. The Pound Sterling and the Euro closed at N602 and N515, respectively. At the interbank market, the Naira also remained stable at N305.50 to a dollar. Trading at the Bureau De Change (BDC) window saw the Naira sold at N399 to a dollar, CBN controlled

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Nine of the nation’s 26 power plants did not generate any megawatts of electricity on Wednesday, coupled with significant reduction in the generation from two of the hydropower plants and several others. The Shiroro Power Station in Niger State and Jebba Power Station in Kwara State saw their output fall to 300MW and 381MW,

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The adoption of a single currency among member-states of the Economic Community of West African States (ECOWAS) by 2020 is under threat because of the free fall in naira value, members of the ECOWAS Macroeconomic Policy Committee on Multilateral Surveillance, have said. They spoke during a two-day technical meeting in Abuja at the

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The Institute for Service Excellence and Good Governance (ISEGG) yesterday conferred on the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele a Lifetime award for Banking, Finance and National Development. Emefiele received the award at the first Annual lecture, Awards and Induction ceremony of the Institute for Service Excellence and

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The Lagos State Pension Commission (LASPEC) has paid another N941 million to 228 retirees of the state government. The payment was made to those who retired from the Mainstream Civil Service, Local Governments, and State Universal Basic Education Board (SUBEB), Teachers Establishment and Pensions Office (TEPO) and other parastatals of

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