Senators have described as unrealistic some fiscal projections of the 2018 national budget and want federal agencies to be reduced as public finances spent on them remains unjustified.

They made these arguments during debate on the general principles of the document, TVC News reports.

Nigeria, Kenya Expected To Hold Monetary Rates Next Week

Nigeria and Kenya are both expected to leave monetary policy unchanged next week, a Reuters poll forecast, as inflation in the former is not yet tame enough while an interest rate cap in the latter limits policymakers’ room for manoeuvre.

The Standard Organization of Nigeria, (SON) has charged one Alhaji Modibbo Akilu, a businessman from Kebbi state to court after he was arrested with 560 bags of substandard sugar. Modibbo was arraigned before a Federal High Court sitting in Birnin Kebbi, Kebbi state. He had allegedly imported 560 bags of substandard sugar from Brazil through Niger and Benin Republic.

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar, to rival pasta maker De United Foods Industries, maker of Indomie Noodles.

The transaction is valued at 3.75 billion naira ($12.26 million).

installment of the 33 per cent pension arrears owed pensioners under the Defined Benefit Scheme (DBS).

A statement by PTAD management in Abuja on Tuesday indicated that categories of pensioners paid were the Police, Civil service and Parastatal pensioners.

For police pensioners, it stated that 12 months installments were paid, making a total of 24 months paid to date while 18 months were still outstanding.

The Department of Petroleum Resources (DPR) on Tuesday told the House of Representatives ad hoc committee investigating alleged N6 trillion revenue leakages in the oil and gas sector that the Central Bank of Nigeria (CBN) determines the rate at which royalties paid in dollars were converted to naira before remitting into the federation account.

The investigation covers the period from January 2016 to January 2017.

Dana Air has apologised to its intending passengers for the slight delays experienced on Tuesday as a result of the illegal disruption of its flight operations by the National Association of Aircraft Pilots and Engineers (NAAPE).

The airline’s Communications Manager, Mr Kingsley Ezenwa apologised in a statement issued to newsmen in Lagos on Tuesday where he confirmed that the airliner had resumed normal flight operations.

The News Agency of Nigeria (NAN) reports that one of the aviation unions in the industry, NAAPE, had on Tuesday grounded the operations of Dana Air over alleged anti- labour practices.

The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.

The $195 million intervention was made on Monday, November 13, 2017.

World Tennis star, Serena Williams is now legally married to co-founder of Reddit, Alexis Ohania. Photographs of the glamorous wedding ceremony which took place on Thursday in New Orleans have emerged. According to Daily Mail, "Serena and Alexis chose the Contemporary Arts Center as the venue of the event because of its incredible architecture and history.

The Federal Government and a consortium of three Chinese firms on Friday signed an agreement for the construction of the 3,050 megawatts Mambilla Hydroelectric Power Plant worth $5.79bn.

According to the government, the project which is being constructed in Taraba State is expected to be completed in six years.