Military To Spend N5.8bn On Electricity Charges, Despite Payment Default   The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay electricity charges. The amount is despite the military fingered among the government agencies that occasionally owed the Distribution Companies debt which...

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on local travels, analysis of the 2024 budget has shown. The commission also budgeted N113.4m on training for local travels while N389.6m...

$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks. Reports have put CBN’s forward contract obligations to banks at $7bn....

N585m Saga: Payment into Individual Account Illegal - AGF Disowns Betta Edu The controversy surrounding the attempt by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, to send public funds into a private account reached a new height on Saturday afternoon as...

N3bn Saga: Betta Edu Confirms Authorising Payment of N585 Public Funds into Private Accounts The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has confirmed making a request to the Accountant General of the Federation, Oluwatoyin Sakirat Madein, to send public funds into a...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in the third quarter (Q3) of 2023. Foreign investors brought in their investments only into Lagos, FCT, Abia, Ogun, Akwa-Ibom and Ekiti...