Local content project gulps N2tn
The Federal Government has spent a total of N2tn ($4bn) on the development of local content in the last 12 years. A document on the
Author : Our Reporter
Defence, health ministries get lion’s share, N’Assembly passes N21.8tn budget
The National Assembly on Wednesday increased the 2023 budget proposal from N20.51tn to N21.82tn and passed it. The President, Major General Muhammadu Buhari, (retd) had
Reps halt proposed auction of $1bn oil assets
The House of Representatives has asked the Federal Government, through the Nigerian Petroleum Development Company, to suspend the planned auction of Oil Mining Licence 11
Senate rejects Buhari’s request to restructure N22tn loan
The Senate on Wednesday rejected the request by the President, Major General Muhammadu Buhari, (retd.), to restructure the N22.7tn Ways and Means advances collected by
Reps want NNPC to suspend sale of oil mining licence
The House of Representatives has urged the Nigerian Petroleum Development Company (NPDC) to suspend its planned auction of the oil mining licence (OML) 11 asset.
NDLEA arrests 18940,secures 3,324 convictions in 2 years
The National Drugs Law Enforcement Agency (NDLEA)says it has arrested no fewer than 18,940 people for different drug related offences in the last two years.
Infrastructure deficit: Open old Abuja int’l terminal to domestic airlines, extend Lagos operating time- Mshelia
As domestic airlines’ capacity continue to overwhelm existing infrastructure leading to abysmal passenger facilitation, Chairman West Link Airline, Captain Ibrahim Mshelia has tasked the Federal
CBN: Banks’ annual loans to businesses hit N6.69tr
The value of new cash deposits attracted by banks to their vaults in the last one year rose to N6.69 trillion, the Central Bank of
Govt raises hope on salary increase for workers in 2023
Plans are underway for an upward review of salary structures for civil servants by the Federal Government, Labour and Employment Minister Dr. Chris Ngige hinted
Credit to private sector adds N6.4trn in 11 months, crosses N41trn mark
With banks increasing interventions in the real sectors, credit to private sector increased to N41.58 trillion in November 2022 from N40.84 trillion in October, the
