Plans of having a national airline and a sound Maintenance Repair and Overhaul (MRO) facility in the country crystallized, on Wednesday morning, when Minister of State, Aviation, Hadi Sirika, said a Transaction Advisers for the projects would be unveiled, on Thursday, at the 4th Aviation
BUSINESS
Jaiz Bank Plc and Islamic Corporation for the Development of Private Sector, ICD, the development arm of Islamic Development Bank, IDB, yesterday, signed a $20 million deal to finance Small and Medium Scale Enterprises, SMEs, in the country. The line of financing will cover sectors such as industry, communications, technology, health, manufacturing, agriculture among
The Federation Accounts Allocation Committee has suspended the revenue crisis that made it impossible to share the statutory allocation on Tuesday to pave way for the disbursement of funds to the three tiers of government. The meeting had ended in a deadlock on Tuesday following disagreement about the revenue figures remitted into the federation account […]
The Senate has pledged to fight for local pipes manufacturers in procurement contracts in the oil and gas industry following complaints of non patronage by government agencies and oil majors contrary to Local Content Act of 2010. The Chairman of the Senate Committee on Local Content Senator Solomon Adeola (APC, Lagos West) made the pledge […]
Mr Ben Akabueze, Director General, Budget Office of the Federation, said on Monday that the Federal Government released about N2.45 trillion for capital projects from the 2016 and 2017 budgets. Akabueze disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja. N6.06 trillion was the total budget for 2016, including N1.75 […]
Reports from the National Bureau of Statistics (NBS) revealed that the Internally Generated Revenue (IGR) by state for the full year of 2017 racked up N931.23 billion compared to N831.19 billion recorded in the previous year. The bureau also stated in the Internally Generated Revenue report for 2017, released, on Monday, in Abuja, that the […]
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