Senate President Threatens MDAs With Zero Allocation   The President of the Senate, Ahmad Lawan, has issued a one-week ultimatum to Federal Government’s Ministries, Departments and Agencies which have not appeared before relevant committees of the red chamber to defend their budget proposal for 2022, to...

FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1trn Losses   The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose their owners under...

Nigeria Lagging Behind In $2trn Islamic Finance Market - Minister   Zainab Ahmed, Minister of Finance, Budget and National Planning says the penetration of Islamic financing in Nigeria is low and remains insignificant in the over $2 trillion global market, despite potentials to drive a more...

FCT Minister Presents N64bn Proposal For 2022 Budget   The Minister of Federal Capital Territory, Malam Mohammed Bello, has disclosed that the FCT would spend the sum of N64,861,604,695.00, for its 2022, National Priority Projects. Mr Anthony Ogunleye, Chief Press Secretary to the minister, in a statement...

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence   The Senate Committee on Trade and Investment on Monday suspended the budget defence of the Federal Ministry of Trade and Investment over what it described as vague documentation of N177m being the 20 per cent...

Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production   The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the country. According to Afreximbank, the grant is for the establishment...