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...

Fed Govt Approves N5bn Bailout For Aviation Sector         The Federal Government has said it will soon commence the disbursement of the N5 billion bailout it approved for the operators in the aviation sector. Minister of Aviation, Senator Hadi Sirika disclosed this on Monday at the opening...

FG Bars Foreign Firms From Contracts Below N5bn       The Federal Government on Tuesday declared that contracts not above N5bn would no longer be awarded to any foreign firms in the country. It said the decision was part of a way of patronising the indigenous firms in...

Zamfara To Supply Gold To CBN For N5bn       The Central Bank of Nigeria (CBN) will give the Zamfara State Government N5 billion to supply gold to the apex bank, Governor Bello Muhammad Matawalle, has disclosed. He said his administration had established a gold reserve for the...

Presidency Cost Down By N5bn In 2021 Budget     The expenditure ceiling for the Presidency in the 2021 pre-bilateral proposal has been trimmed by N5.3 billion, with a peg at N10bn. It was contained in a budget circular by the Ministry of Finance, Budget and National Planning....

Lagos Pledges N5bn Bailout For SMEs     The Governor of Lagos State, Babajide Sanwo-Olu, has said that the state is introducing measures to absorb the shocking effects of the COVID-19 pandemic on Micro, Small and Medium Enterprises in the state. These measures, which include an additional N5bn...