No Immediate Solution To Aviation Crisis, Says FG   There are no immediate solutions to the current crisis rocking Nigeria’s aviation sector as the cause of the major challenge in the industry is a global issue, the Federal Government declared on...

IMF Retains Nigeria’s Growth Prospect At 3.4%   The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022...

FG, States Share N802bn As FAAC Allocation Rises By 18%   The federal, state and local governments shared N802.407bn as federation allocation for the month of June, 2022. This represents 18 per cent increase from N681bn shared in May. The sharing decision...

FG Seeks Investors For Bitumen Development   The Federal Government is seeking national and international investors interested in the development of the nation’s 42 billion barrels of Bitumen reserves. Speaking at a virtual session organized by the Ministry of Mines and Steel...

IFC Approves $35m For Food Security In Africa   The International Finance Corporation (IFC) is offering a $35 million financing package to Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, to increase smallholder farmers’ access to key input and boost food...

RMAFC Says Petroleum Act Won’t Stop IOCs’ Nigeria Divestments   The Petroleum Industry Act 2021 may not stop the trend of divestments by international oil companies operating in the Nigerian oil and gas sector, the Revenue Mobilisation Allocation and Fiscal Commission...