FEC Okays N89.6bn For Road, Aviation Projects       The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved about N89.6bn worth of contracts under the Ministries of Works and Housing and Aviation. It also okayed the Draft National Policy on the over 2.3...

In Two Months, NNPC Spent N219.4bn On JV Oil Assets, Projects       The Nigerian National Petroleum Corporation spent a total of N219.4bn on oil and gas assets being developed through joint ventures with private firms as well as government priority projects in the first two months...

Dangote Cement Issues N50bn Bonds For Projects Expansion       Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new N300 billion Multi-Instrument Issuance Programme. The company said on Wednesday that the...

FG Plans More Sukuk Bonds To Fund Projects       The Federal Government plans to upscale its alternative financing programme by issuing more Sukuk bonds to fund projects, building on the back of huge successes recorded on previous issuances. It had raised N362.6 billion in three previous issuances...

2021 Budget: 316 Projects Worth N39.5bn Duplicated — BudgIT       The 2021 national budget has been found to contain over 316 duplicated capital projects worth N39.5 billion, according to investigations by BudgIT, a public finance transparency advocacy firm. A report of analysis of the 2021 budget made...

CBN Disbursements On 3.1m Projects Rise To N6.01trn         The Central Bank of Nigeria’s financial disbursements on about 3.1 million projects have risen to N6.01tn, the apex bank has said. It was learnt that the over three million projects were financed through 29 interventions, while the bank...