FG Recovers N594.08bn Through Whistle-blower Policy Since 2016 Since the adoption of the whistle-blower policy in 2016, the Federal Government has so far recovered N594.09bn through the policy. The Permanent Secretary, Special Duties, Ministry of Finance, Budget and National Planning, Dr Muhammed Dikwa, said this at...

Nigerian Aviation Company Invests N2bn On Ground Handling Equipment The Nigerian Aviation Handling Company (NAHCO) Plc disclosed yesterday that it has spent N2bn to acquire ground handling equipment in the first phase of its investment plans. The company also said that it had commenced the second...

FEC Okays N200bn Loan For BoI   The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee of 500 million Euros (N200bn) from the Credit Suisse AG London Branch and a syndicate of international lenders as collateral for 500m Euro facility to the...

Customs Seize N2.5m Fake Currency   The Ogun Area 1 Command of the Nigeria Customs Service has said it intercepted fake currency notes worth about N2.5m. Also intercepted by the command were 40 drums of smuggled ethanol. The command’s Controller, Michael Agbara, told newsmen that the fake currency...

2020 Budget Contains N150bn Wasteful Expenditure - Report   The Centre for Social Justice on Wednesday faulted the 2020 budget presented by President Muhammadu Buhari to the National Assembly, stating that the fiscal document contained about N150.07bn expenditures that are “frivolous, inappropriate, unclear and wasteful.” The group...

NPA Reserves N202bn For 2020 Operations   The Nigerian Ports Authority (NPA), has proposed and defended a budget of N202 billion it intends to spend for the coming year 2020. NPA Managing Director, Hadiza Bala Usman, while defending the budget before the House of Representatives Committee on...