FG Impose Ban on New Projects in 2025 Budget   The Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to exclude new projects from their budget submissions for 2025 unless these can be linked to the completion of ongoing initiatives. This is according to the...

70% Of NNPC’s AKK Gas Pipeline Delivered, Project Not Abandoned – Kyari   The Nigerian National Petroleum Company Limited (NNPC) has spent $1.1 billion (about N506.6 billion) on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, delivering 70 per cent of the trunk welding. The Group Chief Executive Officer...

Economists Advocate Islamic Finance to Project Fundings     The Federal Government has been advised to formulate a policy and introduce programmes that will leverage revenue of Sukuk and ensure self funding projects to free government resources for other purposes. Participants of a Five Day International Workshop and...

AfDB Develops 3-year Project For Revenue Generation In Extractive Industry           The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual...

NSIA Investments In Fertiliser Projects To Hit N221bn     Financial statements on the Nigerian Sovereign Investment Authority (NSIA) website indicate that since the inception of the Presidential Fertiliser Initiative (PFI) in 2017, it has committed over N107 billion to fertiliser production, even as it plans to...

AfDB Okays $210m For Nigeria’s Power Transmission Projects   The board of the African Development Bank has approved $210m (N64.26bn at the official exchange rate of N306 to $1) for power projects across the country being handled by the Transmission Company of Nigeria. The TCN said on...