Monetary

$3trn Needed To Bridge Infrastructural Deficit In Nigeria - Osinbajo         Vice President Yemi Osinbajo says three trillion dollars is needed to bridge the infrastructural deficit...

House Summons Ahmed, Emefiele Over $21bn NLNG Funds, N1.2trn Proceeds         The House of Representatives, on Thursday, summoned the Minister of Finance, Budget and National Planning,...

FEC Okays N120.7bn For Roads, Patrol Vehicles, Others         The Federal Executive Council approved different contracts totalling about N120.7bn at its weekly meeting on Wednesday. The contracts...

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas - FG       The Federal Government says car owners will pay up to N250,000 to have...

Solar Power Programme’ll Generate N7bn Tax Revenues Yearly - FG       The roll out of five million new solar power connections in off-grid communities is to...

Maritime Security: FG Plans To Spend N8.9bn On Boat Rentals         The Federal Government through the Federal Ministry of Transportation is proposing to spend a whopping...

Customs Strike Force Impounds N767m Worth Of Goods In 3wks         The Comptroller General of Customs, Strike Force has intercepted contrabands and raised Debit Notes (DN)...

Fed Govt Opens N4.95bn Fund Portal For Transporters       The federal government has opened the application for the N4.95 billion fund for 165,000 transporters under the...

Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions         Nigeria’s oil and gas industry has continued to record heavy drop in investments for many...

Fed Govt Reviews 26 Water Contracts, Saves N53bn       The Federal Government on Monday announced that said it saved N53bn after carrying out a review of...

N3bn Needed To Resuscitate Ajaokuta Steel Rolling Mill - Senate       The Senate at the weekend revealed that the total sum of N3 billion would be...

N12.75bn Petroleum Products Lost In Eight Months – NNPC         The Nigerian National Petroleum Corporation has put the value of petroleum products lost from January to...

N38bn Budget For Road Repairs Inadequate - Senate         The Senate has described as grossly inadequate, the N38bn earmarked for federal road repairs in the 2021...

Senate Seeks Additional N9bn For Nigeria Railways       The Senate on Thursday, demanded additional N9bn for the Nigeria Railways Corporation in the 2021 budget. The Chairman, Senate...

NAICOM To Sanction Insurance Firms Over N40bn Unpaid Claims       The National Insurance Commission (NAICOM) said it is compiling the list of insurance companies for necessary...

NNPC, Shell, Total Generate N21bn To Fight COVID-19         The Nigeria National Petroleum Corporation in collaboration with Shell Petroleum Development Company and Total Petroleum Company have...

NASS To Probe N48bn Abandoned Scanner At Apapa Port       The National Assembly may be on its way to open investigations on the three calibre mobile...

FG Okays N39.7bn For Roads, Erosion, Incinerators’ Contracts       The Federal Executive Council on Wednesday approved contracts for different projects totaling about N39.7bn. The contracts include those...

Customs Seize Goods Worth N67.1m In Katsina         The Comptroller-General of Customs (CGC), Strike Force Team, Zone B, has confiscated goods worth over N67 million smuggled...

AfDB Approves $25bn For Agric Development In Nigeria, 4 Other African Countries         The African Development Bank Group (AfDB) has approved the investment of $25 billion...