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Senate Approves New Chinese Bank For $23bn Railway Project   Senate on Tuesday rescinded its decision on the financier of the Kaduna-Kano railway project in the country from the China Exim Bank to the China Development Bank and harmonised the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

Global Oil Price Rises as OPEC+ Cuts Production Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations of the Organisation of Petroleum Exporting Countries, as well as OPEC allies, jointly referred to as OPEC+. Oil...

In Three Months, FG Borrowed N3.17trn   The money borrowed by Federal Government in the first quarter stood at more than N3.17 trillion, records have revealed. Data obtained by The Nation Economic Intelligence showed that the government had raised N3.17 trillion in the past three months through...

External Reserves Drop By $1.46bn In Two Months - CBN   The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The reserves ended February 27, 2023 at $36.67bn. Figures obtained from the CBN’s data on movement...