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...

2023 Budget: Reps Commence Second Reading, Debate Estimates   The House of Representatives will on Wednesday (today) commence the second reading of the 2023 Appropriation Bill, with members expected to debate the general principles of the Federal Government for the next fiscal year. Deputy Speaker of the...

IMF Lowers Nigeria’s Economic Growth Projection To 3.2%   The International Monetary Fund (IMF) has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 percent projected in its July 2022 report. The Washington-based institution disclosed this on Tuesday...