Covid-19: Cut N10.59trn Budget, Target Overhead, Says Senate   The Senate declared on Tuesday that the downward review of the N10.59tn 2020 federal budget had become inevitable in view of the current global economic downturn occasioned by the outbreak of coronavirus pandemic. The red chamber made the...

FG Releases N20bn For Completion Of East-West Road   At last the Federal Government has released the sum of N20billion for the completion of the East-West Road project that was awarded in 2006. The 657 kilometer dual carriage stretching from Calabar in Cross River State to Warri...

Togo, Others Owe Nigeria N30bn For Electricity   The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity Regulatory Commission. Nigeria, through its electricity transmission company, supplies...

CBN Targets N10bn Growth In Non-oil Exports   The Central Bank of Nigeria says the bank is targeting an increase in non-oil exports from N2bn to N12bn. The Director, Corporate Communications Department, Isaac Okorafor said this during a one-day interactive session with members of the Organised Labour...

Nigeria Spends $14bn On Generators   Nigerians spend about $14 billion on generators and fuel yearly to provide alternative power and further stimulate growth, the Director in charge of Nigeria, African Development Bank (AfDB), Ebrima Faal, has said. Speaking at a stakeholders’ forum in Abuja, Faal said...

CBN To Invest N22bn In Entertainment Industry   The Central Bank of Nigeria (CBN) has said it has concluded plans to invest at least N22 billion in the entertainment industry and in software production in Nigeria. The CBN Director of Corporate Communications, Isaac Okorafor, said yesterday in...