NAMA To Spend N45bn On TRACON Rehabilitation, Safe Tower Upgrade   The Nigerian Airspace Management Agency (NAMA) has disclosed that it has started the rehabilitation of the Total Radar Coverage of Nigeria (TRACON), safe tower upgrade as well as the completion of multilateration for low flying...

FG Approves N11.8bn For The Establishment Of Aviation Maintenance Centre The Federal Government has approved N11.8 billion for the purchase of equipment and the establishment of a fire fighting truck maintenance center in Katsina State as well as an aircraft maintenance center in Abuja, the...

FEC Okays N592m For Procurement Of MRI Diagnostic Machine At OAU Ile-Ife The Federal Executive Council meeting presided over by President Muhammadu Buhari on Wednesday, approved a total sum of N592, 271, 792.48 for the procurement of magnetic resonance imaging (MRI) equipment for the Obafemi...

CBN Approves N2.1trn For Manufacturing, Agric, Healthcare   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector of the economy, the bank announced at the weekend. The intervention fund sheet of the apex bank said the funds, which came under the...

FG Spent $11.6m On Armoured Vehicles Amid Forex Scarcity   While the country battled with shortage of foreign exchange, the Federal Government spent $11.56m on remodelling and refurbishing 107 armoured vehicles which were donated by the Hashemite Kingdom of Jordan. The Second Quarter and Half-Year 2022 Budget...

Insurance Industry Assets Hit N2.3trn - NAICOM   The total assets of the country’s insurance industry have increased to N2.3 trillion in the second quarter of 2022, growing by 11.9 per cent or N200 billion from the second quarter of 2021. The non-life business assets stood at...