2024 Budget: FG Earmarks N33.1bn For Railway Projects The federal government has earmarked N33.1bn for various railway projects across the country. The N33.1bn which is contained in the 2024 budget of the Ministry of Transportation covers several projects as listed in the budget document ERGP 13177707. The...

CBN Interest Rate on AMCON too High, Needs Review - Senate The Senate has expressed concerns over the excessive interest rate imposed on the Asset Management Corporation of Nigeria, which are deterring its operations. The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator...

FG to Launch Mortgage Scheme for Diaspora Nigerians  The Minister of Housing and Urban Development, Ahmed Dangiwa, says the mortgage scheme for Nigerians in the United Kingdom, United States and Canada will be launched in February, 2024. Dangiwa stated this ahead of the proposed launch in...

Bullish Trade: Investors Gain N215bn as NGX ASI Crosses Historic 72,000 Points The benchmark index of the Nigerian Exchange Limited, All-Share Index rose by 0.55 per cent on Wednesday at 72,299.79 points, thus crossing the 72,000 basis points for the first time in history. This was...

Monopoly: Price Hike Drives Oil Marketers out of Fuel Imports - Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has defended the company’s current monopoly in fuel import, arguing that oil marketers withdrew from fuel importation due to...

W’Bank Knocks NNPCL, Says not Transparent on Subsidy Gains, Oil Revenues The World Bank has disclosed that the Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal. This extends to subsidy arrears that are still being deducted and the...