China Approves Loan For $2.6bn AKK Gas Pipeline         China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the Federal Government announced on Tuesday. Minister of Finance, Budget and National Planning, Zainab Ahmed, and Group Managing...

House Summons Finance Minister Over $36.1m World Bank Loan         The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, part of which was allocated...

Exports Suffer Setback As New CBN Policy Bites Hard       The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade. Already,...

Fuel Imports Gulped N700.46bn In Three Months – NBS         The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to the pre-COVID-19 level, the latest data from the National Bureau of Statistics...

Fed Govt Suspends Issuance Of Licenses For Free Trade Zones         The Federal Government has suspended the issuance of licenses for the operation of Free Trade Zones across the country. Minister of Industry, Trade and Investment, Adeniyi Adebayo, announced the suspension on Monday at the inauguration of...

NASS Kicks As NCC Raises Wage Bill By N12bn         The National Assembly (NASS) has queried the Nigerian Communications Commission over a sharp increase in its proposed wage bill between for 2021. The parliament also criticised the hike in the financial provision for consultancy services. While the...