FAAN MD Stands Firm on N580bn Runway Upgrade Amid Criticism   The Managing Director of the Federal Airports Authority of Nigeria (FAAN) Olubunmi Kuku has strongly defended the proposed N580 billion runway upgrade project, amidst growing criticism. In a show of conviction, the MD vowed to...

FG Approves N4bn Conditional Cash Transfer for Vulnerable Households The Federal Government of Nigeria has given the green light for a N4 billion conditional cash transfer program aimed at supporting vulnerable households across the country. During the launch of the 2025 Nigeria Humanitarian Needs and Response...

Nigeria's Energy Sector Secures $6.7bn Investment in 2024   Nigeria's energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled ‘Presidency Energy Sector Wrap-Up 2024’ released...

FG Eyes $5bn Revenue from Annual Osogbo Festival   The Federal Government through the National Institute for Cultural Orientation (NICO) has unveiled an ambitious plan to host the Annual World Orisa Congress, with projections indicating a potential revenue generation of over $5 billion. NICO announced on Thursday that the...

Nigeria’s Public Debt Hits N142tn as Servicing Gulps N3.57tn in Q3 2024 – DMO Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and...

CAC strengthens compliance, enforcement mandates for efficient management of entities The Corporate Affairs Commission (CAC) has unveiled plans to strengthen its compliance and enforcement mandates, with a focus on formalising businesses and enhancing post-incorporation compliance. The Registrar-General of CAC, Hussaini Magaji, said this during the in-house...