Monetary

Aviation Ministry, Agencies Fix N4bn For Accommodation

Aviation Ministry, Agencies Fix N4bn For Accommodation       The Federal Ministry of Aviation and its agencies will spend N4 billion for procuring the corporate headquarters building and staff accommodation in Abuja. The agencies include the Nigeria Civil Aviation Agency (NCAA), the Federal Airports Authority of Nigeria (FAAN),...

FG Begins Application For N75bn Youth Investment Fund

FG Begins Application For N75bn Youth Investment Fund       The Minister of Youth and Sports Development Minister, Mr Sunday Dare, on Thursday, inaugurated the application for the Nigeria Youth Investment Fund in Abuja. This was disclosed in a statement titled ‘Minister flags off application for Nigeria Youth...

FG Arraigns Dantata Success Promoters Over N2bn Fraud

FG Arraigns Dantata Success Promoters Over N2bn Fraud       The Federal Government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for investment fraud amounting to over N2bn. According to a statement from the Securities and Exchange Commission, those...

Reps Debate N13.08trn Budget, Check For Foreign Trips

Reps Debate N13.08trn Budget, Check For Foreign Trips       The House of Representatives has opened discussions on the 2021 Appropriation Bill of N1.08 trillion expenditure at the House of Representatives plenary. Issues surrounding the funds proposed for Debt Service, Capital and Recurrent expenditure were the focus when...

‘FG To Interview Applicants Of N10bn Transport Fund’

‘FG To Interview Applicants Of N10bn Transport Fund’       Controversy has trailed the N10 billion intervention fund for the transportation sector following the emergence of various unions including those not registered, findings by Daily Trust shown. The development has delayed the disbursement of the fund, according to...

How N3.85trn Capital Budget’ll Be Spent — Finance Minister

How N3.85trn Capital Budget’ll Be Spent — Finance Minister       The Federal Government is to spend an aggregate sum of N3.85 trillion on capital projects in the 2021 budget which represents N1.15 trillion higher than the 2020 provision of N2.69 trillion. At 29 percent of aggregate...