FG Eyes $1bn from Sales of Dollar-denominated Bonds The Federal Government of Nigeria has introduced its Series I Domestic USD Bond, aiming to raise a minimum of $500m from both local and international investors. In an auction circular released, the government said it aims to double...

Senate to Probe NNPC, Dangote over $1.5bn Refinery Project The Senate has questioned the $1.5bn approved in 2021 for the turn-around maintenance of the Port Harcourt Refining and Petrochemical Company with little or no result. It also vowed to probe allegations of sabotage to the supply...

Senate Scores FG Low on Implementation of 2024 Budget The Senate has scored the executive low in the implementation of the capital component of the 2024 budget, saying there is a need for the government to get Ministries, Department and Agencies of the Federal Government...

FG to Install 90,000 km Terrestrial Fibre-optic Infrastructure, Says Edun The Federal Government has announced its readiness to establish Nigeria as the third-largest terrestrial fibre-optic infrastructure nation in Africa, with the proposed installation spanning 90,000 km. The Minister of Finance and Coordinating Minister of the Economy,...

Standard Chartered Bank Pledges $3bn to Finance NLNG Dividend Initiative The Standard Chartered Bank has indicated interest to finance key infrastructure projects in Nigeria, including the Lagos-Calabar coastal highway, Port Harcourt-Maiduguri rail line rehabilitation, as well as the provision of $3 billion in innovative financing...

W'Bank Says Cash Transfer Scheme Shows Low Impact on Households  The World Bank says the conditional cash transfer scheme of the Federal Government had little impact on household consumption, financial inclusion or employment of beneficiaries. The scheme was also noted to have had minimal impact on...