FG to Limit States’ Borrowing Over 5.8tr Debt The Fiscal Responsibility Commission (FRC) has revealed that it has issued a template and guideline on requirements before lending to state governments as part of efforts to check indiscriminate borrowing. Head, Directorate of Legal, Investigation and Enforcement at...

'SAATM will Reduce Africa’s Trade Deficit by 51%' The Minister of Aviation and Aero Development, Festus Keyamo, has said implementation of a Single African Air Transport Market would reduce Intra-African trade deficit by 51 per cent. He disclosed at a workshop on African Aviation Market Integration...

Customs MMA Revenue Rises 23% to N74bn in 2023 The Nigeria Customs Service, Muritala Muhammed Airport Command said it generated N74.28bn in revenue between January and October. Addressing journalists at the command on Wednesday, the Customs Area Controller in charge of the command, Muhammed Yusuf, said...

World Bank Approves $300m Palliative Loans - Report The World Bank has commenced payment of the $800m approved for the National Social Safety Net Program-Scale Up. Documents obtained from the apex bank shows that about $299.99 million was disbursed to Nigeria under the National Social Safety...

CBN Extends Validity of Old Naira Indefinitely   The Central Bank of Nigeria (CBN) has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira...

NNPCL to Inaugurate $2.8bn AKK Gas Pipeline December   The Nigerian National Petroleum Company Limited(NNPCL) has said the $2.8bn Ajaokuta–Kaduna–Kano gas pipeline project being constructed by Oilserve Limited will be inaugurated next month. Executive Vice President, Upstream, NNPC Limited, Oritsemiyiwa Eyesan revealed this at the ongoing 41st...