Monetary

FG Approves N320bn Intervention Fund For Tertiary Institutions

FG Approves N320bn Intervention Fund For Tertiary Institutions   The Federal Government has approved the sum of N320,345,040, 835. (Three hundred and twenty billion, three hundred and forty-five million, forty thousand, eight hundred and thirty five Naira only) as the 2023 intervention funds for public tertiary...

FG Secures $800m From World Bank As Palliatives For Poor Nigerians

FG Secures $800m From World Bank As Palliatives For Poor Nigerians The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects of the plan to remove...

Maritime Operators To Get $700m For Vessel Acquisition – Fed Govt

Maritime Operators To Get $700m For Vessel Acquisition – Fed Govt   The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Bashir Jamoh, said this...

Senate Approves New Chinese Bank For $23bn Railway Project

Senate Approves New Chinese Bank For $23bn Railway Project   Senate on Tuesday rescinded its decision on the financier of the Kaduna-Kano railway project in the country from the China Exim Bank to the China Development Bank and harmonised the terms on the Federal Government’s 2016-2018...

Buhari’s Administration: Chinese Loans Rise By 209%, Hit $4bn

Buhari's Administration: Chinese Loans Rise By 209%, Hit $4bn   Federal Government’s borrowing from China has grown by 209.15 per cent under Muhammadu Buhari administration. This is as total bilateral loans rose by 219.91 per cent from $1.58bn as of June 2015 to $5.07bn as of December...

Customs Rake In N54bn Revenue In Three Months

Customs Rake In N54bn Revenue In Three Months   The Nigerian Customs Services (NCS) says it generated over N54 billion revenue from its operations in Area 2 Command, Onne Port, Rivers State, between January and March, 2023. The Comptroller, Baba Imam, who stated this during a briefing...