Business Hilights

Tracking Nigeria's Headline Business News Online

Niger Delta Development Commission (NDDC)

NDDC’s fraudulent contracts hits over N1tn—Comte

More facts have emerged on why the Niger Delta Development Commission (NDDC) has remained a conduit pipe for milking government funds with ease following the discovery by the Interim Management Committee set up to review contracts. The Committee stumbled on…

C-in-C of Yoruba nation, Adams warns Buhari on N100b appeasement for herdsmen

More stakeholders across the federation have continued to object to the recent plan by the Federal Government to appease the rampaging Fulani herdsmen and members of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) with a whooping N100bn. The latest…

Assuming Lagos procured all 820 Mass Transit Buses From Innoson Motors…

Part of the major projects executed by the outgoing Governor Akinwunmi Ambode administration in Lagos State, was the commissioning of 820 Mass transit Buses currently parked at the new Oshodi Transport Interchange. However, it was not clear if the procurement…

Expert picks holes on FG’s N1.7 tr support investment in N’Delta region before 2021

The disclosure by Special Adviser on Niger Delta Affairs to the Minister of State for Petroleum Resources, Mr. Charles Achodo that government would invest about N1.7 trillion in the Niger Delta region before 2021 to address developmental challenges and create…

NDDC head office building to be completed by present board of directors—Ekere

The Managing Director of Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, has carried out an inspection visit on the permanent office of the agency’s headquarters Uyo, the Akwa Ibom State capital, saying the present board will cork towards delivering…

N16bn NDDC headquarters rising up in 52 weeks in Port Harcourt—Minister

The Federal Executive Council presided over by Vice-President Yemi Osinbajo, on Wednesday, gave approval for the erection of permanent headquarters of the Niger Delta Development Commission (NDDC) in Port Harcourt, the Rivers State capital. Briefing State House Correspondents after the…

NDDC deepens restructuring, revokes 600 contracts

The sweeping restructuring going on at the Niger Delta Development Commission (NDDC) has cancelled about 600 contracts and projects in the federal agency. Managing Director of the Commission,  Nsima Ekere revealed in Port Harcourt on Thursday that NDDC’s management and…

FG sending conflicting signals on tax as agencies evade in states

Whereas the federal government has stepped up campaigns for Nigerians to pay taxes as and when due, there seems to be no corresponding compliance in paying taxes by several agencies of the federal government. Only recently, the Ministry of Finance,…

NDDC steps up food sufficiency drive, set to raise delivery of Rice mills in Rivers, A’Ibom

Indication has emerged that several Rice mills in Rivers, Akwa Ibom will soon get facelift from the Niger Delta Development Commission (NDDC). The NDDC Managing Director, of the agency, Mr Nsima Ekere, disclosed after inspecting the 180 tonnes per day…