Despite N1.52trn Bailout, National Grid Collapses 98 Times Under Buhari   Nigeria’s available power generation capacity fell by 981.8 megawatts between 2015 and August 2022 despite the over N1.51tn intervention in the sector by the Federal Government since the current administration came on board in 2015. This...

FG Raised N2.44trn Via Bonds To Bridge Budget Deficit In 9 Months     The Federal Government in nine months of 2022 raised a sum of N2.44 trillion through the FGN bond market to finance N6.26trillion 2022 budget deficit, the Debt Management Office (DMO) FGN Bond auction...

NAMA To Spend N45bn On TRACON Rehabilitation, Safe Tower Upgrade   The Nigerian Airspace Management Agency (NAMA) has disclosed that it has started the rehabilitation of the Total Radar Coverage of Nigeria (TRACON), safe tower upgrade as well as the completion of multilateration for low flying...

FG Approves N11.8bn For The Establishment Of Aviation Maintenance Centre The Federal Government has approved N11.8 billion for the purchase of equipment and the establishment of a fire fighting truck maintenance center in Katsina State as well as an aircraft maintenance center in Abuja, the...

FEC Okays N592m For Procurement Of MRI Diagnostic Machine At OAU Ile-Ife The Federal Executive Council meeting presided over by President Muhammadu Buhari on Wednesday, approved a total sum of N592, 271, 792.48 for the procurement of magnetic resonance imaging (MRI) equipment for the Obafemi...

CBN Approves N2.1trn For Manufacturing, Agric, Healthcare   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector of the economy, the bank announced at the weekend. The intervention fund sheet of the apex bank said the funds, which came under the...