Monetary

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...

W/Bank Demands Debt Transparency, Says Nigeria, Others Need $429bn

W/Bank Demands Debt Transparency, Says Nigeria, Others Need $429bn   The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external financing needs in Nigeria and other low income developing countries will reach $429bn between 2023 and...

FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1trn Losses

FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1trn Losses   The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose their owners under...

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence   The Senate Committee on Trade and Investment on Monday suspended the budget defence of the Federal Ministry of Trade and Investment over what it described as vague documentation of N177m being the 20 per cent...