Federal Government
The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by journalists. This was according to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics. The deductions were made between 2019 and 2023 from the allocations given to state […]
The Nigerian government has officially acknowledged the emergence of a ginger blight epidemic in four states across the country, resulting in substantial financial losses for ginger farmers amounting to over N12 billion. This declaration was made during the inauguration of the National Ginger Blight Epidemic Control Taskforce in Abuja. It was revealed that the fungal […]
In a significant move aimed at addressing Nigeria’s infrastructure funding shortfall of $25 billion annually, President Bola Tinubu has greenlit the establishment of the Renewed Hope Infrastructure Fund. This transformative initiative, announced by the Minister of Information and National Orientation, Mohammed Idris, following today’s Federal Executive Council meeting at the Presidential Villa in Abuja, marks […]
In response to the prevailing economic challenges faced by Nigerians, the Bank of Industry (BOI) has introduced a palliative food programme aimed at providing relief to the populace. Recently inaugurated by the Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, at the BOI headquarters in Lagos, this initiative underscores the government’s commitment to supporting […]
The Senate Ad-hoc Committee, investigating the acquisition and expenditure of the N30 trillion Ways and Means loans from the Central Bank of Nigeria during the administration of former President Muhammadu Buhari, has disclosed the discovery of certain irregularities in the loan procurement process. As a result, the committee has announced its intention to summon the […]
Zenith Bank Plc has announced the appointment of as its Group Managing Director/Chief Executive Officer (CEO), effective June 1, 2024, pending approval by the Central Bank of Nigeria (CBN). The appointment was disclosed in a statement released to the Nigerian Exchange Limited (NGX) and signed by Michael Osilama Otu, the Company Secretary of Zenith Bank […]
The World Health Organisation, KNCV Nigeria, and other experts on Tuesday called on governments at all levels to increase investments in tuberculosis to achieve Nigeria’s goal of eradicating the disease by 2030. They made the call at a press conference in Abuja ahead of the 2024 World Tuberculosis Day. They noted that the persistently low […]
The Federal Government has declared that it would withdraw the operating licences of power distribution companies that were intentionally not supplying electricity to consumers across the country, leading to widespread blackouts in Nigeria. It stated that despite efforts by the Federal Ministry of Power and electricity generating companies, some Discos were not distributing the power […]
President Bola Tinubu has arrived in Abuja, the nation’s capital, after a two-day official visit to Qatar. Tinubu arrived on Monday evening and was received by Vice-President Kashim Shettima and other top government officials at the Nnamdi Azikwe Internationa Airport, Abuja. Other government officials who welcomed the president included Femi Gbajabiamila, Tinubu’s chief of staff […]
President Bola Tinubu on Sunday in Doha Qatar, vowed to deal with anyone who asks for bribes to undermine investors confidence in the country. The president assured the international business community that Nigeria is ready for serious business as his administration will deal decisively with any and all entrenched interests in the country who undermine […]
