Manufacturing Sector Leads $8.41bn Investment Announcements In Q1, 2021
The Nigerian Investment Promotion Commission (NIPC) has reported $8.41 billion new investment announcements in Nigeria in the first quarter of 2021 (Q1 2021), with the manufacturing sector attracting 60 percent, reflecting the gradual return of investors’...
Akwa Ibom, Lagos, Rivers, Lead In N4.19trn Subnational Domestic Debts
The domestic debts owed by state governments and the Federal Capital Territory rose to N4.19tn at the end of the third quarter of 2020, with Lagos, Rivers and Akwa Ibom as the three most indebted,...
26 States Set For N878bn Deficit In 2021
Amidst a nationwide push against the recessionary economy, about 26 states of the nation are planning to spend about N878 billion in excess of what their revenue expectations can carry. This indicates that they also plan to...
FAAC Allocation In 2020 Not Bad
Federation Accounts Allocation Committee (FAAC) revenue to the Federal Government, 36 states and 774 local governments fell by just five percent to N7.14 trillion in eleven months (January to November) from N7.46 trillion in the same period of 2019.
Going...
FERMA Gets N8.1bn From FG To Repair Ten Roads
The Federal Executive Council on Wednesday approved a total of N8.1bn for the Federal Roads Maintenance Agency to carry out emergency repairs of 10 roads across the country.
The Minister of Works and Housing, Babatunde Fashola, disclosed...
Ibom Deep Seaport First Phase To Gulp $2bn, Says Commissioner
Akwa Ibom State Commissioner for Economic Development and Ibom Deep Sea Ports, Mr Akan Okon, has said the construction of the first phase of the Ibom Deep Seaport and Industrial City in the state would...
