Report Reveals FG spent N29bn to Repair Damaged Power Towers   The Federal Government, through the Transmission Company of Nigeria (TCN) has spent a total sum of N29.3bn as costs to repair 266 electricity towers damaged by vandals nationwide, the latest...

Naira Weakens Further as FX Turnover Declines by 71%   The naira fell on Monday at both the official and black markets to 1670.75/$ and 1748/$, respectively, as the daily foreign exchange turnover in the official market dropped by 71 per...

'Four Free Trade Zones Attract $8bn Investments'   Four free trade zones have attracted a total investment of $8bn within their years of operations, contributing to local economic activity and fostering international trade relations, officials of the FTZs have said. The zones,...

FG Needs N19trn to Complete 2,604 Ongoing Projects - Minister   The Minister of Works, David Umahi, has stated that the financial requirements to successfully complete the ongoing 2,604 road projects inherited by the current administration have increased to N19trn, an...

CBN, IFC Agree on $1bn Investments in Major Sectors   The International Finance Corporation (IFC) a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have announced an agreement to scale up local currency financing, unlocking over...

The International Monetary Fund (IMF) has disclosed that the Nigerian federal government has not requested a loan.