Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion   The Federal Government has said the Russian government and Afreximbank will provide up to $1.46bn to fund the resuscitation of the Ajaokuta Steel Company Limited. The Minister of Mines and Steel Development, Olamilekan Adegbite, who disclosed this in...

NTDC Seeks N7.2trn To Effectively Promote Tourism   The Nigerian Tourism Development Corporation (NTDC) has said it needs $4 billion a year and $20bn (about N7.2 trillion) in five years to effectively deliver on its mandate of promoting tourism. The DG NTDC, Folorunsho Coker stated this in...

Recruitment Budget: N1.6bn For Hiring, Training, Says Customs   The Nigeria Customs Service has insisted that the N1.6bn allegedly paid to a consultant to conduct the ongoing recruitment exercise into the service was budgeted for both the recruitment and training for the entire period of the...

FG Loses Over $7bn Annually To Piracy   The Federal Government loses over $7 billion on freight cost yearly to criminal activities on the nation’s territorial waters, the former President, Association of Nigerian Licensed Customs Agents (ANLCA), Prince Olayiwola Shittu, has said. He called on the government...

Buhari Okays Committees For N2trn Mambilla Power Plant   President Muhammadu Buhari, has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State. He approved the Inter-ministerial Steering Committee and Project Delivery Committee for the N2tn power project. The Minister of Power, Sale...

BDCs Seek Stake In $25bn Diaspora Remittances   The Association of Bureaux De Change Operators of Nigeria has said the BDCs should be one of the channels for receiving Diaspora remittances into the economy. The association said in a statement that Diaspora remittances to Nigeria were estimated...