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Senate Passes N98.5bn FCT Supplementary Budget

Senate Passes N98.5bn FCT Supplementary Budget The Senate on Tuesday, June 11, passed the sum of N98.5billion as the Federal Capital Territory (FCT) Supplementary Appropriation Bill, 2024. The passage of the Bill was a sequel to the consideration of the report of the Senate committee on...

NAFDAC Seizes ‘Illegal Drugs’ Worth Over N107m in FCT

NAFDAC Seizes ‘Illegal Drugs’ Worth Over N107m in FCT The National Agency for Food and Drug Administration and Control (NAFDAC) says it has conducted a raid on drug hawkers at motor parks and markets in the federal capital territory (FCT). In a statement on X, the...

Five States, FCT Attract $654.65m Foreign Investments

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...

25 States, FCT Enact Laws Regarding Contributory Pension Schemes

25 States, FCT Enact Laws Regarding Contributory Pension Schemes No fewer than 25 states and the Federal Capital Territory (FCT) have enacted laws on the implementation of the Contributory Pension Scheme (CPS) as of last month, the Director-General, of the National Pension Commission (PenCom), Mrs....

Nigerians Have no Business Being Poor – Tinubu

Nigerians Have no Business Being Poor - Tinubu President Bola Tinubu on Thursday in Abuja, said that neither Rivers State nor Nigeria has any business being associated with poverty, insecurity or under-development, assuring that under his leadership, the narrative will be permanently and positively changed. Welcoming...

States, FCT External Debt Rise To N3trn

States, FCT External Debt Rise To N3trn The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over 40 per cent following the recent floating of the naira by the Central Bank of Nigeria. On Tuesday, June...