Monetary

FG Releases N68bn for Vaccines, N50bn for Health Workers’ Arrears

FG Releases N68bn for Vaccines, N50bn for Health Workers' Arrears   The Federal Government has released N68bn for vaccine financing and deployed N50bn to settle outstanding arrears for health workers. The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, announced this on Thursday at the...

Auditor-General Slams CBN Over Recycled Banknotes Worth N29.7bn

Auditor-General Slams CBN Over Recycled Banknotes Worth N29.7bn   The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria (CBN) under the leadership of the former Governor, Godwin Emefiele, of re-circulating dirty and unfit banknotes valued at N29.77bn in violation of...

FEC Approves Over ₦890bn for Fresh Road Projects Nationwide

FEC Approves Over ₦890bn for Fresh Road Projects Nationwide   The Federal Executive Council (FEC) has approved more than ₦890 billion for the execution and review of several major road projects across the country, in line with President Bola Ahmed Tinubu’s commitment to his administration’s Renewed...

FG Launches N200m Grant Scheme for Women Engineers

FG Launches N200m Grant Scheme for Women Engineers The Federal Government has disbursed a total of N200m in grants to 14 outstanding women engineers to scale up innovations addressing Nigeria’s most pressing development challenges. The initiative, spearheaded by the Presidential Implementation Committee on Technology Transfer and...

Ponzi Schemes Cost Nigerians N316bn – SEC

Ponzi Schemes Cost Nigerians N316bn - SEC   The Securities and Exchange Commission (SEC) has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace. The Head of FinTech and Innovation Department...

Solar Manufacturing Gets $500m Boost from Govs, Investors – Adelabu

Solar Manufacturing Gets $500m Boost from Govs, Investors - Adelabu   The Federal Government, in partnership with state governors and private investors, has secured nearly $500m to establish solar manufacturing plants across Nigeria, the Minister of Power, Adebayo Adelabu, has disclosed. Adelabu made this known at the...