Nigeria Secures $500m Loan To Support Energy Transition Programme
The African Development Bank (AfDB) Group has approved a loan of $500 million to Nigeria to finance the first phase of the economic governance and energy transition support programme (EGET-SP).
EGET-SP is an initiative aimed at accelerating...
EFCC Recovers N231.62bn in One Year
The Economic and Financial Crimes Commission (EFCC) has recovered over N231.623billion during the first year of the administration of President Bola Ahmed Tinubu.
Other recoveries include US$70,260,544.18; £29,264.50(GBP); Euro 208,297.10; $3,950.00 (Canadian); $740.00 (Australian); 35,000.00 (Rand); 42,390.00 (UAE Dirhams); 247.00...
Nigeria’s Spending on Jet Fuel Importation Drops by 87% to N31bn - NBS
Nigeria’s spending on kerosene type jet fuel importation fell quarter-on-quarter (QoQ) by 87 percent to N31 billion in the first quarter of 2024 (Q1’24) from N239.18 billion in Q4’23.
Meanwhile, according to a...
FCT Generated Over N126.5bn Revenue in Six Months
The Federal Capital Territory Internal Revenue Service, FCT-IRS, has said it generated over N126.5 billion in the first half of 2024, H1’24, a 53.5 percent increase over the N82.45 billion collected in the corresponding period of 2023.
Speaking...
FG Seeks $500m World Bank Loan For Water Resource Management
The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation.
This loan is expected to address the country’s water security challenges and...
SERAP Sues CBN Over Failure to Account for N100bn 'Bad Notes'
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the over N100 billion ‘dirty and...
