IMF, World Bank Partner On $5.2bn To Support Ukraine   The International Monetary Fund (IMF) and World Bank Group have announced they will respond to Ukraine’s request for urgent financing with about $5.2bn cumulatively. They disclosed this in a joint statement titled, ‘Joint IMF-World Bank Group statement...

Russia-Ukraine: FG Approves $8.5m To Evacuate Stranded Nigerians   The federal government has approved the release of $8.5 million for the evacuation of Nigerians stranded in Ukraine. To this end, President Muhammadu Buhari has directed that the sum be released to the Ministry of Humanitarian Affairs, Disaster...

TETFUND : N12bn spent on training Nigerian researchers in 2021 Tertiary Education Trust Fund (TETFUND) announced that it had spent N12 billion on training researchers across twelve universities in Nigeria by 2021. This falls within the agency's mandate to support the country's educational sector. Kashim Imam,...

N12.95m Bribe: World Bank Suspends Nigerian Firm, MD The World Bank has sanctioned a Nigerian consultancy company, AIM Consultants Limited, and its Managing Director, Amin Moussalli, for alleged bribery and corruption. The firm was involved in the Nigeria Erosion and Watershed Management Project. It was sanctioned for...

$1.04bn Spent on Fuel Imports in 2021 - CBN The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020. This is  according to data from the Central Bank of Nigeria (CBN). As the country’s...

JUST IN: FAAC: FG, States, LGS Share N574.668bn for January  The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668 billion January 2022  Federation Account Revenue to the Federal Government, States and Local Government Councils.    This was contained in a communiqué issued on Thursday at...