Monetary

Imo, Five Other States To Benefit From USAID N60m Water Project

Imo, Five Other States To Benefit From USAID N60m Water Project   Imo and five other states are to benefit from the N60.4 million United States Agency for International Development (USAID) and Effective Water, Sanitation and Hygiene Services (USAID E-WASH) water and sanitation project. The agency...

Blackout Looms As Gencos Threaten Shutdown Over N600bn Charge

Blackout Looms As Gencos Threaten Shutdown Over N600bn Charge   Blackout is looming across the country as the electricity generation companies (Gencos) yesterday threatened to shut down power supply should the federal government refuse to disburse the N600billion intervention fund. This is coming as the African Development...

New Landing Equipment For Airports To Cost N7.58bn

New Landing Equipment For Airports To Cost N7.58bn   The Federal Government may be required to spend N7.58bn on new landing equipment at seven airports to improve aircraft movement in adverse weather conditions. Following the high number of delayed and cancelled flights during the harmattan season, the...

500,000 N-Power Beneficiaries Receive N360bn

500,000 N-Power Beneficiaries Receive N360bn   The Federal Government has paid 500,000 graduates who are engaged in its N-Power scheme a total of N360bn within two years. Speaking to journalists on the sidelines of an entrepreneurship show organised by Azuatalam Better Life Foundation in Abuja on Sunday,...

NOTAP Saved N79bn In Four Years

NOTAP Saved N79bn In Four Years   The National Office for Technology Acquisition and Promotion (NOTAP) has said it saved the sum of N79.69 billion in the last four years from capital flight. The Director General of the agency, Dr. Danzumi Ibrahim who said this on Thursday...

Operator Demands $50m For Lagos Cable Car Project

Operator Demands $50m For Lagos Cable Car Project   Transactions worth $40.1bn were secured at the second edition of the African Investment Forum, President of the African Development Bank, Dr Akinwumi Adesina, has said. Ropeways Transport, promoter of Lagos Cable Car Project, also sought $50m from financiers...