FG Okays N18.9bn For Roads, Lagos Airport Runaway Contracts     The Federal Executive Council on Wednesday approved contracts totalling about N18.9bn at its virtual meeting presided over by President Muhammadu Buhari. Among the contracts, according to the Minister of Aviation, Hadi Sirika, is the N2.27bn approved for...

US Development Bank Invests $530m In Nigerian Projects     The United States International Development Finance Corporation says it has invested $530m in Nigeria’s agriculture, financial institutions, critical infrastructure and health projects. The Regional Director for Africa at DFC, Vibhuti Jain, made this known on Wednesday while speaking...

In 190 Days, Customs Generate N1.1bn From Undervalued Goods     The Nigeria Customs Special Strike force in Zone ‘A’ has raised a Debit Notes (DN) worth more than N1.104 billion from importers of cargo that pays lesser Customs duties to the federal government in the last...

FG Hopeful Of $5.7bn Investment From Marginal Fields     If the Federal Government succeeds with its on-going bid rounds for the 57 marginal oilfields being offered to investors, it might be able to attract about $5.7billion into the economy. Although the Department of Petroleum Resources (DPR) did...

Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF   The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of about $34bn in revenue. According to the International Monetary Fund, the projected decline in revenue is attributable...

Chinese Bank, Sinosure To Fund $2.6bn Ajaokuta-Kano Pipeline     The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline, the Federal Government said on Tuesday. Also, two Chinese firms will work along with their counterparts in...