Despite FG’s Revenue Crunch, NIS Projected Passport Revenue Falls By 96%   The Nigeria Immigration Service has dropped its projected passport revenue from N27.18bn for 2021 to N1.03bn for 2022, an analysis of the proposed budgets of government-owned enterprises has shown. While N24.43bn was proposed as passport...

Nigeria Air To Begin operations April 2022   The proposed national carrier will begin flight in April next year, the Minister of Aviation, Hadi Sirika, has said. The development came three years after the Federal Government announced plans to establish a new national carrier, following the liquidation...

AMCON Empowered To Sell Debtor-firms, VIPs’ Assets As Buhari Signs Bill   President Muhammadu Buhari has signed into law the Asset Management Corporation of Nigeria (Amendment) Act, amending the AMCON Act No.4, 2010. The development means AMCON has now been empowered to take possession, manage, and sell...

Fed Govt To Pay Consultants N895m For N27bn Rivers Road Construction   The Federal Executive Council, presided over by President Muhammadu Buhari on Wednesday approved contracts worth N27.4bn for projects in the Ministry of Works and Housing, and the Federal Capital Territory. The council also approved the...

Reps Okay FG $16.23bn, €1.020bn, Other Loans     The House of Representatives has approved the proposed federal government’s $16.23 billion, €1.020 billion and other loans for project financing under the external borrowing rolling plan. The loan was approved after receiving the report of the House Committee on...

Nigeria To Broaden Economy Through Multilateral Financing - Buhari     President Muhammadu Buhari has given an assurance that the Nigerian government will continue to support efforts to broaden the economy through multilateral financing. The President, according to a release issued on Monday by his spokesman, Garba Shehu...