Fed Govt Floats N150bn Long-Term Bonds       The federal government, through the Debt Management Office (DMO), has re-issued N150 billion long-term bonds for public subscription. According to the agency, the offers which are in three segments are in accordance with the DMO (Establishment) Act 2003 and the...

FG Spent 72% Of Revenue On Debt Servicing       The Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the Federal Government spent a total of N2.34tn on debt...

Fed Govt To Auction N150bn Bonds In July       The Debt Management Office, on Monday, disclosed that the Federal Government will offer N150bn bonds for subscription in July. A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50bn...

Fed Govt Unveils Initiative To Boost Foreign Capital Inflow       The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, has said the federal government is committed to improving the inflow of foreign capital into the country. She pointed out that capital inflows dipped by...

FG Launches 1.5MW Solar Grid For Ministries       The Federal Government yesterday launched a 1.52MWp/2.28MWh solar micro-grid system to improve the infrastructural aesthetics of the country, improve productivity and provide employment. The project, which was approved by the Federal Executive Council (FEC) in March 2019, will reduce...

Five Months After, Operators Await N17bn Aviation Bailout Balance     Five months after the N5 billion out of a N22bn aviation industry palliative was released, the balance of N17bn has not been disbursed by the federal government. Operators that include airlines, ground handling companies, among others may...