FG To Inject N300bn Into Auto Industry   The Federal Government plans to inject N300bn into the nation’s vehicle assembly plants as part of measures to accelerate the development of the automotive industry. Already, contributions into a support fund initiated to facilitate the vehicle production finance scheme...

Personnel Costs: FG Overpays N196bn To 450 MDAs   A total of N195.94bn was overpaid as personnel costs to 450 Ministries, Departments and Agencies of government enrolled on the Integrated Personnel and Payroll Information System. Details of the overpayment, which were discovered by the Auditor-General for the...

FG Renews 25 Oil Block Licenses, Earns $1 Billion   Nigeria has renewed 25 oil block licenses with a total earning of $1 billion in the last one year. Data made available to Daily Trust yesterday by the regulatory agency - Department of Petroleum Resources (DPR) -...

DMO Restricts FG Borrowing To N1.9 Trillion   The Debt Management Office has set the maximum limit of $6.25bn (N1.906tn) for the Federal Government’s borrowing in the 2018 fiscal year. The DMO, in the 2017 Report of the Annual National Debt Sustainability Analysis released on Wednesday, said...

Accrued Rights: PFAs Yet To Feel Impact Of N54bn Released By FG   Pension Fund Administrators (PFAs) are yet to feel the impact of the N54 billion released by the federal government last year for payment of accrued rights of pensioners for 2016 and 2017. A reliable...

FG To Enlist 300,000 new N-Power Beneficiaries   The Federal Government has concluded arrangements to engage additional 300,000 beneficiaries in the second batch of its N-Power Volunteers Corp from August 1. The Senior Special Assistant to the Vice-President on Media and Publicity, Mr Laolu Akande, disclosed this...