In One Year , Airfares Rose By 96.87%   The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau noted that the average fare paid by air passengers...

Strategic Capital Investment Ltd Acquires Polaris Bank for N1.355 Trillion The Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. This was contained in a statement by the CBN’s Director, Corporate Communications, Osita Nwanisobi, on Thursday. In it, the CBN announced the...

FG Budgets N3.36trn For Controversial Fuel Subsidy In H1, 2023   The Federal Government has disclosed that N3.36trillion has been earmarked for fuel subsidy in the first half of 2023. This was made known by Zainab Ahmed, the Minister of Finance and Budget Planning, on Wednesday in...

FG Earmarks N30bn For Nigeria Air, New Projects   The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the...

Reps, Senators Face Probe Over Illegal Budget Passage   The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari  that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally. It was...

Nigerians Paid N1.23trn Tax To 36 States In 2021   Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020. This is according to data from the States’ Internally Generated Revenue report by...