Monetary

In Three Months, Customs Generate N2.714bn From Kwara

In Three Months, Customs Generate N2.714bn From Kwara         The Nigeria Customs Service on Wednesday said it generated N2.71bn in its Kwara Area Command in the third quarter of the year which ended in September. According to the third quarter report released by the Comptroller of the...

N392bn Projects Debt: Senate Asks FG To Consider Pension Fund

N392bn Projects Debt: Senate Asks FG To Consider Pension Fund         The Minister of Works and Housing, Babatunde Fashola, on Wednesday, told the Senate that the Federal Government owe construction firms handling 711 road projects across the country N392bn. The debt, according to the minister, was higher...

FG Bars Foreign Firms From Contracts Below N5bn

FG Bars Foreign Firms From Contracts Below N5bn       The Federal Government on Tuesday declared that contracts not above N5bn would no longer be awarded to any foreign firms in the country. It said the decision was part of a way of patronising the indigenous firms in...

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi         Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail. Amaechi made the disclosur y during an interactive...

FG Commences N75bn Support Fund Disbursement This Week

FG Commences N75bn Support Fund Disbursement This Week         Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium Enterprises that are successful to partake in the N75bn COVID-19 support schemes. On September 10, 2020, the Federal Government inaugurated two schemes...

FG Expecting One million MT Steel From $1.5bn Plant – Minister

FG Expecting One million MT Steel From $1.5bn Plant – Minister       The Federal Government has said that the $1.5bn steel plant that is nearing completion in Kaduna State will attract automobile industries to Nigeria when completed. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed...