Nigeria’s Debt Stock To Hit N34trn With New Loans       The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government. The House of Representatives yesterday approved the external loan...

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’...

Fed Govt Earns $5m Annually From Shea Butter Exports       Nigeria currently earns over $5 million yearly from shea butter exports. The country, however, is targeting about $100 million annual earnings from the commodity. The Federal Capital Territory (FCT) Minister of State, Dr. Ramatu Aliyu, disclosed this...

FCTA Disburses N2.495bn To Area Councils       The Federal Capital Territory Administration (FCTA) said it has disbursed the total sum of N2.495, 241,552.54 billion to the six area councils in the Federal Capital Territory (FCT) and other stakeholders, as its share of statutory allocation for the...

Buhari Seeks Approval For Revised FCT’s 2020 Budget       President Muhammadu Buhari yesterday requested the Senate to consider and approve the revised 2020 budget of the Federal Capital Territory (FCT). The President’s letter was read on the floor of the upper chamber by Senate President, Ahmad Lawan,...