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Senate summons Babatunde Fashola over alleged $35 million spendings

The Senate on Wednesday began an investigation into the alleged plan by the Ministry of Power, Works and Housing to secure the release of $350m domiciled in the Nigerian Sovereign Investment Authority to finance electricity projects.

Senate summons Minister Babatunde Fashola over $35m power project

The senate has summoned Babatunde Fashola, minister of power, works and housing, over $35 million power project.

President Buhari’s appointees from all zones of Nigeria – Presidency

The Presidency has described as `divisive, mischievous and misleading a newspaper article, titled, “81 of Buhari’s 100 appointees are Northerners’’.

President Buhari reappoints Uchechi Orji as NSIA chief

President Muhammadu Buhari has re-appointed Uchechi Orji as Managing Director of the Nigeria Sovereign Investment Authority.

VP Yemi Osinbajo inaugurates N120 billion road project in Rivers

Vice President Yemi Osinbajo has inaugurated the 40-kilometre N120 billion Bonny-Bodo Road with an assurance to the people of the Niger Delta that they would benefit maximally from the wealth that comes from their land.

NSIA warns farmers against late purchase of fertiliser

The Nigerian Sovereign Investment Authority (NSIA), has advised farmers to buy fertiliser early for the 2018 farming season to ease the problems of logistics in the production and distribution of the commodity.

Nigeria attracts US investors, targets $25bn FDI

Officials of the Nigerian Government have assured U.S. investors of the favourable investment climate, promising the highest returns on investments, more than anywhere else in the world.

NSIA releases fertiliser new whistleblowing numbers

The Nigerian Sovereign Investment Authority (NSIA), has released new whistleblowing numbers to enable Nigerians and stakeholders register their complaints and feedback in the Presidential Fertiliser Initiative (PFI) programme.

How Nigeria squandered $201.2bn in 10 years – NEITI

According to the publication, between 2005 and 2015, $201.2bn accrued to the nation through the instrumentality of the ECA, and the entire amount was shared among the three tiers of government within the period.

Agencies agree on oil revenue management, governance

Key Nigerian agencies have agreed to partner in oil revenue savings and promotion of better attitude to public office.

States forfeit $250m NLNG dividends – NSIA

The Nigeria Sovereign Investment Authority, NSIA, yesterday, disclosed that the 36 states of the federation forfeited their share of the 2016 dividends of the Nigerian Liquefied Natural Gas, NLNG, for reinvestment purposes.

Sovereign Wealth Fund contributors to reap dividends from 2018

The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Uche Orji, said on Monday that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018.

Nigeria to revive six fertiliser plants soon

The Nigeria Government is to revive six fertilizer blending plants before the end of the year, through the Infrastructure Unit of its Sovereign Wealth Fund.

Recent Stories

Nigeria may face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project.

House of Reps: Mambilla hydropower project only on papers

The Chairman, House of Representatives, Committee on Power, Hon Magaji Da’u Aliyu, has said the over 40 years old Mambilla Hydro-Power project only existed on papers because there was nothing on ground to show that the project has commenced before the coming of this administration.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

Electricity consumers oppose tariff increment by Ikeja Electric

Electricity consumers on Monday opposed the planned tariff increment by Ikeja Electric (IE), demanding that 90 per cent of customers should be metered before any upward review of tariff.
South Africa has cancelled a men’s under-23 friendly against Japan over concerns about the current COVID-19 outbreak, the Japan Football Association revealed Sunday.

South Africa pulls out of friendly with Japan over coronavirus concerns

South Africa has cancelled a men’s under-23 friendly against Japan over concerns about the current COVID-19 outbreak, the Japan Football Association revealed Sunday.
The Imo State governor, Hope Uzodinma, on Monday terminated the Assumpta-Port Harcourt road contract over the abandonment of the project by the contractor handling it.

Imo governor terminates abandoned road contract

The Imo State governor, Hope Uzodinma, on Monday terminated the Assumpta/Port Harcourt road contract over the abandonment of the project by the contractor handling it.

Bandits kill three, kidnap ten, take petrol as ransom

Three people, including a woman and her daughter, have been killed as bandits invaded some communities in the Rafi Local Government area of Niger State last weekend.