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Naira appreciates to N306.95/$ at interbank market

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The local currency, naira appreciated against the dollar at the interbank segment of the foreign exchange market to N306.95 on Thursday from N307 against the dollar it opened this month. Our correspondent gathered that dollar suffered the marginal loss against the local currency towards the end of September amid the[…]

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Reps to review FG directive on repair of federal roads

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The Chairman, House of Representatives Committee on Federal Road Maintenance Agency, Femi Bamisile, said on Friday that the present financial incapability of the Federal Government to maintain federal roads made the review of the recent directive to state government not to repair the roads imperative. Bamisile, who lamented the deplorable[…]

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FG returns tollgates, approves N46bn for roads

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The Federal Government on Wednesday announced plans to ensure the return of tollgates on federal highways. The tollgates were abolished in 2003 by the administration of ex-President Olusegun Obasanjo. The Minister of Works and Housing, Babatunde Fashola, stated this while briefing State House correspondents on the outcome of the Federal[…]

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Govt’s website lists Adeosun, Fayemi as cabinet members

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The Federal Government’s website, www.nigeria.gov.ng, has listed the former Minister of Finance, Kemi Adeosun, as a current cabinet member, one year after her resignation. Adeosun, who had been replaced by Zainab Ahmed as Minister of Finance, resigned on September 18, 2018 following calls for investigation into allegations that she forged[…]

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