High Inflation: Naira lost 10% value in 2022 - World Bank The World Bank says Nigeria's currency, naira lost 10.2 per cent of its value in 2022. This came as rising food and fuel prices were responsible for high inflation in the country in 2022. The...

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Senate Approves New Chinese Bank For $23bn Railway Project   Senate on Tuesday rescinded its decision on the financier of the Kaduna-Kano railway project in the country from the China Exim Bank to the China Development Bank and harmonised the terms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...

Fresh Audit Report Indicts 37 Fed Govt Agencies   The Senate on Tuesday started the consideration of the 2016 Auditor General report as the Panel on Public Accounts indicted 37 Ministries, Departments and Agencies (MDAs) for violation of financial procedure. The consideration of the report, which started...