Investment In FGN Savings Bonds Rise By 53% To N7.5trn   Investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding...

Debt Servicing Doubles, Hits N896bn In Three Months – DMO   Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn. As a result, the country has also spent N3.83tn on debt servicing payments in 15 months, according to data...

TETFUND Okays N15bn For National Library Project   The Tertiary Education Trust Fund (TETFund) has set aside the first tranche of N15 billion to fast-track the commencement of construction of the National Library of Nigeria building project. The executive secretary of TETFund,...

Foreign Airlines Express Worry As FG Blocks $450m Ticket Revenue   The International Air Transport Association (IATA) has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running to $450m...

NCC Says No 40% Telecom Tariff Hike For Now   The Nigerian Communications Commission (NCC) has said the proposal of telecom operators for a 40 per cent end user tariff on services is not realistic this year. The operators, acting under the...

FG, World Bank, AFD to spend $575m On Rural Roads   The Federal Government has signed a tripartite agreement with the World Bank and the French Development Agency to commit an envelope to the tune of $575m for the construction of...