The Federal Government has threatened that effective from 2023, Ministries, Departments and Agencies (MDAs) that failed to adopt the reviewed Standard Bidding documents would be sanctioned. Director General of the Bureau of Public Procurement (BPP), Dr. Mamman Ahmadu, who made this disclosure at a stakeholders’ Workshop on the Review of Draft Standard Bidding […]
The Debt Management Office (DMO) on Monday offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on behalf of the Federal Government. It stated that the offer, which opened the same day it made the announcement, is of 10-year tenor due for maturity in December 2032 and the bonds were issued by […]
Phillips Consulting Nigeria, one of Nigeria’s leading economic research and investment consulting firms, in its ‘Nigeria’s Aviation Industry: Customer Satisfaction Survey Report 2022’ just published, has identified airlines’ safety standards, pricing affordability and timeliness of flights as among the key criteria air travellers in the country are considering before choosing airlines for travels. In the […]
The Managing Director of the Nigerian Ports Authority (NPA), Muhammed Bello-Koko, has hinted of strategic efforts being made by the management of the authority to ensure smart ports in the country by 2030. The NPA boss unveiled this plan at an event in Lagos, said to achieve the target the NPA board and management would […]
The House of Representatives and Federal Road Safety Corps (FRSC) have commended Dangote Coal Mines Limited for supporting the government through its multi-million Naira social schemes and for adopting innovations that have remarkably reduced the rate of auto crashes in the country. Speaking at an interaction session involving the company’s host community’s leaders and youths […]
The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, on Tuesday advised terminal operators, shipping companies and other stakeholders in the maritime sector to strictly comply with the government’s National Action Plan on Agro- Export Development (NAP-AD) to ensure the achievement of its objectives. Bello-Koko, who made the call at the commissioning of […]
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Federal Government will disburse $120 million to international airlines plying the Nigerian routes next Monday, October 31, to partly offset their trapped funds in the country. The governor disclosed that the decision was taken at a meeting between the leadership of […]
The Lagos Chamber of Commerce and Industry (LCCI) has flawed Federal Government’s plans to finance the N10.78 trillion deficit estimates in the 2023 proposed budget through new commercial loans and drawdown on bilateral and multilateral loans. The Chamber, in a statement issued on Sunday and signed by its Director-General, Dr. Chinyere Almona, described the fiscal […]
The National Insurance Commission (NAICOM) has reported that Nigeria’s insurance industry’s total assets grew to about N2.3 trillion in the second quarter (Q2) of 2022, representing 11.9 percent quarter-on-quarter growth. The commission gave these figures in its latest bulletin on ‘Insurance Market Performance’ which also reflected that the total in Non-Life Insurance stood at N1.2 […]
……Proposes N20.51Trn Budget For Fiscal 2023 President Muhammadu Buhari said on Friday that oil subsidy would be discontinued in fiscal 2023 to ensure improved efficiency in public finance and enable the administration to commit savings from the subsidy to other critical sectors with huge potentials to ameliorate the current socio-economic hardships of ordinary citizens […]