Reps Amend Appropriation Bill, Increase 2024 Budget to N35.055trn The House of Representatives on Tuesday, July 23, amended the 2024 appropriation bill to increase the 2024 budget from N28. 777 trillion to N35.055 trillion. This followed the consideration of the report of the House Committee on...

World Bank Injects $500million into Women Empowerment Project The Minister of Women Affairs, Uju Kennedy Ohanenye, disclosed that the World Bank has approved a new loan of $500 million for the Nigeria Women Project. She said that the project aims to directly benefit a wider range...

Dangote Expresses Willingness to Give Up Refinery Alhaji Aliko Dangote on Sunday indicated his willingness to give up ownership of the multibillion-dollar Dangote refinery to the Nigerian National Petroleum Company Limited (NNPCL). Many Nigerians have at the weekend expressed concern over the new dimension the brawl...

Crude Oil Revenue Increases by N91bn in June – FG The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn in the same month. Latest oil production data obtained from the Nigerian Upstream Petroleum Regulatory Commission,...

CNG: FG Allocates N36bn to Convert 30,000 Vehicles The Federal Government will spend an average of N36bn to convert 30,000 petrol or diesel-powered vehicles to start running on Compressed Natural Gas in the next 90 days. The government said it had acquired 30,000 CNG conversion kits...

Nigeria Generates $1.2bn Annually from Hide, Skin Export – MACBAN Nigeria earns about $1.2bn annually through the export of hides and skin from the livestock sector, the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) declared on Sunday. MACBAN, an advocacy group centred on promoting the...