The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This is because the negotiated amount may surpass the budgeted amount in the original 2024...

The NIRSAL Microfinance Bank (NIRSAL-MFB) has teamed up with the Nigerian Financial Intelligence Unit (NFIU)   to recover N450.9 billion outstanding loans issued to farmers through the  Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme...

The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received via two major development...

The Federal Government  has said the introduction of Compressed Natural Gas (CNG) buses under the Presidential CNG Initiative (PCNGi) will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation. Finance...

Beneficiaries of the Federal Government’s N50,000 grant for nano business owners have started receiving credit alerts. Minister for Industry, Trade and Investment Dr Doris Uzoka-Anite, who confirmed this at the weekend, said no fewer...

In a significant move to leverage gas for economic growth, President Bola Tinubu is expected to commission three critical gas infrastructure projects soon. According to a statement issued on Friday, May 3, by special...

Shell Nigeria Gas (SNG) and the government of Oyo State have inked a pact to construct a gas supply and distribution infrastructure aimed at servicing industrial and commercial entities within the state. This endeavor,...

President Bola Tinubu has secured an additional $600 million foreign investment for the expansion of the nation’s ports infrastructure to accommodate more container shipping services in Nigeria’s ports. The new $600 million investment, which...

The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth are undermining African economic potential. According to a statement from...

THE Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has said that low investments, non-channelisation and dredging of navigable waterways have over the years hindered water transport in Nigeria. Speaking at this year’s...