Banks’ Expenditure On Communications, IT Rises To N82bn   Ten commercial banks spent N81.92bn on communications as well as Information Technology services in the first half of 2022. According to the financial reports of the banks, this was a 58.69 per cent increase from the N51.62bn spent...

Report Reveals Nigeria Spent N75bn On Hazardous Imports   A non-governmental organisation, Sustainable Research and Action for Environmental Development (SRADev) has said that between 2020 to 2021, Nigeria spent N75bn on the importation of highly hazardous pesticides. The Executive Director, SRADev, Dr Leslie Adogame, said this while...

Fed Govt Earmarks $7bn For Poverty Reduction   The Federal Government says it has earmarked about $7 billion within the last seven years in its efforts to pull 100 million Nigerians out of poverty through its National Social Investment Programme in the country. The Minister of Humanitarian...

Fed Govt’s Earnings From Spectrum Sales Rise To $1.09bn   The Federal Government through the Nigerian Communications Commission (NCC) is set to make at least $1.09bn (N476bn) from the sale of four 5G spectrums. This is after the NCC revealed in a new ‘Information Memorandum on 3.5...

FG Earmarks N30bn For Nigeria Air, New Projects   The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the...

'Next Govt To Inherit $716m Judgment Debts'     The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration. The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes Issued by Category as at...