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W/Bank Pledges $72m For States’ Land Administration Records

W/Bank Pledges $72m For States’ Land Administration Records       The World Bank has expressed willingness to give each state of the federation a grant of two million dollars to enable them to update their property records. This, however, is based on the condition that benefiting states capture...

Domestic Airlines Lose N3bn Daily Over Lagos Curfew

Domestic Airlines Lose N3bn Daily Over Lagos Curfew         Domestic airlines are said to be losing about N3 billion daily to the curfew in Lagos as they have been forced to reduce flights by over 70 per cent in Lagos. The curfew is fast spreading to other...

Telecom Operators Invested N471.9bn In 2019 – NCC

Telecom Operators Invested N471.9bn In 2019 - NCC       The capital investment of mobile network operators and other telecom service providers in 2019 stood at N471.91bn, growing by seven per cent; the latest report by the Nigerian Communications Commission has shown. The capital investment of operators increased...

FEC Okays $3.02bn For PH-Maiduguri Rail Line

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...

Lagos Atop As States’ IGR Drops By 11.7%

Lagos Atop As States’ IGR Drops By 11.7%       The Internally Generated Revenue of the states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019. The National Bureau of Statistics disclosed on Tuesday in its report published on...

FEC Endorses N126bn Road Projects

The Federal Executive Council has endorsed the award of twelve road projects at a total cost of N126 billion. The Minister of Power, Works and Housing, Babatunde Fashola, stated this while briefing State House correspondents after the FEC meeting chaired by Acting President, Yemi Osinbajo....