Nigerian Lawmaker Rejects Water Resource Bill
The controversial National Water Resources Bill, 2020, re-emerged on the floor of the House of Representatives amidst suspicions from members. The leadership, however, assured the lawmakers that the n...
1 Jul 202255s
Nigeria Signs $2.7m Deal With Japan To Boost Deep Blue Project
The Federal Government has signed a $2.78m exchange of note agreement with the Japanese government for an economic and social development programme. The Assistant Director, Public Relations of the Nig...
1 Jul 20221min
Nigerian Lawmakers Approve Special Bank For Entrepreneurs
The House of Representatives has passed for second reading, a bill seeking to establish an Entrepreneurship Development Bank of Nigeria, with the aim of providing soft loans for small and medium-scale...
1 Jul 20221min
Nigerian State Partner Private Sector On Affordable Housing
The Lagos State Governor, Mr Babajide Sanwo-Olu, has reiterated the need for the government to partner with the private sector to ensure that residents have access to affordable accommodation. The gov...
1 Jul 20221min
Nigeria’s Accounts Allocation Declines by 30%
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period. The decre...
1 Jul 20221min
Nigerian Government Targets N3.8tn, N160bn In Non-oil, Oil Revenues
The Federal Government approved a new revenue boost scheme aiming to annually generate N3.8tn and N160bn from non-oil and oil ventures respectively. The Finance, Budget and National Planning, Zainab A...
1 Jul 20221min
Russia Blames Western Financial Agents For Debt Default
Russia has rejected claims that it has defaulted on its external debt for the first time in more than a century, telling investors to go to Western financial agents for the cash that Moscow claims wer...
29 Jun 202254s
Ecuador To Cut Fuel Prices
President Guillermo Lasso announced that Ecuador will cut fuel prices, which had sparked weeks of demonstrations, though not by as much as protesters have demanded. The country’s energy ministry warne...
29 Jun 202245s
