President Bola Tinubu has departed for Rio de Janeiro, Brazil, to attend the 19th meeting of the G20 leaders taking place in the South American country. A statement from the Presidency noted that the President will hold bilateral meetings on…
NDDC Calls on Debts: Over $700m owed by IOCs
The Niger Delta Development Commission (NDDC) have urged International Oil Companies (IOCs) to pay the staggering debt of 700 million dollars that they owe the commission. The Managing Director of the commission, Dr Samuel Ogbuku made the appeal during a…
FG To Pay $496m To Settle Foreign Firm’s Claims Over Steel Plants
The federal government has agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited, following the termination of a contract to upgrade the country’s steel plants, Reuters is reporting. The news agency quoted Abubakar Malami, attorney-general of the…
ICRC seeks partnership with BPP on infrastructure development
The Infrastructure Concession Regulatory Commission (ICRC) has sought the partnership of Bureau for Public Procurement (BPP) in infrastructure development, using private sector funding. Mr Michael Ohiani, Director-General, ICRC, said this in a statement signed by Patrick Ederaro, Acting Head, Media…