Alleged N20bn Diversion: Reps Probe NNPCL Officials
The House of Representatives, on Thursday, set up an ad hoc committee to investigate the Nigerian National Petroleum Company Limited over the alleged diversion and conversion of N20bn by its officials in the guise of payment to consultants.
This...
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
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
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Senate on Tuesday rescinded its decision on the financier of the Kaduna-Kano railway project in the country from the China Exim Bank to the China Development Bank and harmonised the terms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
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...
