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FG to Expend N2.3bn on Senate Building, Conference Centre for University of Abuja

The Federal Executive Council has approved the sum of N2.3 billion for the construction and furnishing of a new Senate Building and 1000-capacity Conference Centre for the University of Abuja. This is coming days after some lecturers and their family members were abducted by...

FG to Spend N1.55bn on Customs Operational Vehicles

The Federal Executive Council has approved the sum of N1.55 billion for the procurement of 46 operational vehicles for the Nigeria Customs Service. This was disclosed by the Minister of State for Budget and National Planning, Clement Agba. "Today, the Council approved the procurement...

JAMB Remits N3.51bn 2021 Operating Surplus

JAMB Remits N3.51bn 2021 Operating Surplus     The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus. The 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of...

Nigeria Needs $1.5trn in Ten Years to Bridge Infrastructure Gap – Buhari

President Muhammadu Buhari has said 1.5 trillion dollars is the cumulative estimated amount needed by Nigeria over a ten-year period, to achieve an appreciable level of the National Infrastructure Stock. President Buhari gave the figure in Glasgow at a COP 26 high-level...

DMO To Issue N250bn Sukuk For Road Projects

DMO To Issue N250bn Sukuk For Road Projects   The Debt Management Office says it is set to issue another sovereign sukuk this year for an expected amount of N200bn to N250bn to finance critical road projects across the country. It disclosed this in a statement on...

Reps To Invite CBN As Accountant-General Pegs Exchange Rate At N425

Reps To Invite CBN As Accountant-General Pegs Exchange Rate At N425     The House of Representatives’ Committee on Finance has resolved to invite the Central Bank of Nigeria over an allegation by the Office of the Accountant-General of the Federation that the apex bank collects charges...