FG Allocates N3.6bn for Expansion of Aviation Colleges in Five Locations   The federal government is planning to establish annexes of the Nigerian College of Aviation Technology (NCAT) in five geopolitical zones of the country. Towards this end, the government has made a budgetary provision of N3,680,000,000...

DisCos Generate N466bn in Q3 as FG Shoulders N464bn Subsidy   The federal government incurred the sum of N464.12bn as subsidy payment in the electricity sector for the third quarter of 2024, a report by the Nigerian Electricity Regulatory Commission (NERC) showed. The report stated that the...

N2bn Vehicles for SSAs, N780m for Terrorism Prosecution in Latest FG Budget   The Federal Government has earmarked over N780m for prosecuting terrorism-related cases, anti-money laundering initiatives, and other criminal matters in 2025. According to the 2025 Appropriation Bill, N530m has been allocated for the management of...

Presidency Allocates N15bn For SUVs, Car Tyres, Office Complex in 2025 Budget   The State House has allocated N15.09 billion in the 2025 Appropriation Bill for the procurement of tyres for bulletproof vehicles, SUVs, operational vehicles, and other cars. This also include the construction of an office...

FG, World Bank Partner on $600m Rural Road Development Project   The Federal Government, in collaboration with the World Bank, has allocated $600m to rehabilitate 200,000 kilometers of rural roads under the Rural Access and Agricultural Marketing Project. Principal Information Officer at the Federal Ministry of Agriculture...

Banks Raise Withdrawal Limit to N50,000 Daily Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day. A survey conducted by our correspondent on Tuesday revealed that banks, including Guaranty Trust Bank and Zenith Bank, have increased...