Monetary

FG Released N1.95trn To MDAs For Capital Projects In 2020 – FRC

FG Released N1.95trn To MDAs For Capital Projects In 2020 - FRC   Over N1.95 trillion was released and cash-backed to ministries, departments and agencies (MDAs) by the Federal Government in its 2020 budget implementation. This was contained in the 2020 Fiscal Responsibility Commission’s (FRC) yearly report...

Democracy Day, Independence, Conferences, Others To Gulp N6.49bn

Democracy Day, Independence, Conferences, Others To Gulp N6.49bn   The Federal Government’s Ministries, Departments and Agencies plan to spend N6.49bn on national and international celebrations as well as conferences in 2022, according to an analysis of the data contained in the 2022 budget proposal of the...

Group Wants CBN Governor, Emiefele, to Resign over Economic Downturn

The Nigerian Youth Initiative for Good Governance (NYIGG) has called for the voluntary resignation of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The group in a statement made available to pressmen on Monday in Abuja accused the CBN Governor of sabotaging...

TETFund Okays N6.3bn For 217 Research Proposals

TETFund Okays N6.3bn For 217 Research Proposals     The Tertiary Education Trust Fund (TETFund) says N6,396,159,060.00 has been approved for 217 research proposals recommended by the National Research Fund (NRF) under the 2020 grant cycle exercise. Executive Secretary of TETFund, Professor Suleiman Bogoro, made this known at...

$16.2bn Loan: NASS Gets $62m For Solar Power Project

$16.2bn Loan: NASS Gets $62m For Solar Power Project   The National Assembly will benefit $62.1m from the $16.2bn which the regime of President Muhammadu Buhari proposed to borrow from international lending agencies. The amount, according to the report of the Senate Committee on Local and Foreign...

Malami Named In $139m Bank Transfers, Reps Fault Process

Malami Named In $139m Bank Transfers, Reps Fault Process     The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and...