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...

FG Approves N1.42trn For Infrastructure   The Federal Government will spend N3.53 trillion on infrastructure and human capital development. Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed made this known in Abuja at the Town Hall Meeting on the achievements of the government in infrastructure...

FG Saved Over $10bn From Stoppage Of Illegal Maritime Activities   The Federal Government saved over $10billion on illegal maritime activities between September 2021 and January, this year, a senior official of the Federal Ministry of Finance (FMoF) has said. The source, who craved anonymity, told The...

Cash Transfer: Minister Says Some Nigerians Haven’t Seen N5,000 Before The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouk, has dismissed as “elitist assertion” comments that the regime’s N5,000 monthly national conditional cash transfer to some poor and vulnerable people is insufficient...