FG Offers Three-year Bond At 2.76% Per Annum     The Federal Government of Nigeria is offering a coupon of 2.759 per cent as annual return to investors for a three-year bond and 1.759 per cent for a two-year bond under government’s monthly savings bond issuance programme. The...

Fed Govt Releases Funds To DisCos For Mass Metering       The Federal Government has released funds to power distribution companies for the mass deployment of about six million free electricity meters to power consumers nationwide. It was gathered that some senior officials of power distribution companies met...

N5bn Airline Fund Small, Operators Say       Shocks have trailed the Federal Government’s approval of N4 billion intervention fund for airlines as some operators said it is too small to address any challenge facing the airline industry. Minister of Aviation, Senator Hadi Sirika had announced the approval...

Lagos Govt To Give Tax Break To Looted Businesses       Governor Babajide Sanwo-Olu of Lagos state has promised financial support and tax break to assist tenants and shop owners at the Circle Mall in Lekki after they were affected by the recent #EndSARS protests. He made the...

Fed Govt Seeks New $1.2bn Loan From Brazil       The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National...

Local Airlines’ Debt Burden Hits N22bn       Minister of Aviation, Hadi Sirika, yesterday, disclosed that the local airlines’ total debt burden to regulatory agencies stood at N22 billion. A breakdown showed the sum of N19.37 billion and $6,993,284 million (N2.7 billion) as unremitted Ticket Sales Charge...