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Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

2019 budget: Federal government unsure of how to bridge funding gap

The federal government says it is caught between a rock and hard place on how to raise additional N102.84 billion to bridge the funding gap created in the 2019 budget as a result of the increase of N90.3 billion by the National Assembly.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

#HAPPYBDPMB: A dozen reasons for Muhammadu Buhari’s reelection

On Monday December 17, 2018, President Muhammadu Buhari who is seeking re-election for a second term of office will be marking his 76th birthday and, in his own words, “still going strong.”
Vice President Yemi Osinbajo

Yemi Osinbajo orders Julius Berger to hasten work on Ijora Bridge

Vice President Yemi Osinbajo said he has ordered Julius Berger, the contractor handling the repair of Ijora Bridge in the Apapa area of Lagos State, to hasten work on the bridge and reopen it to traffic as soon as possible.
Train Lagos Railway

Lagos-Kano train service resumes Friday

The Nigerian Railway Corporation said that it would resume the Lagos-Kano Mass Transit Train Services on Friday.
Max Air

MaxAir expands operations to Port Harcourt, Yola routes November 5

MaxAir Limited, the latest airline to join Nigeria’s domestic air market, has announced its decision to expand operations to Port Harcourt and Yola routes as part of its expansion drive.

Nigeria to extend rail line to Niger Republic – Rotimi Amaechi

The Minister of Transportation, Rotimi Amaechi, said on Wednesday that the Itakpe-Ajaokuta-Warri standard gauge rail lines would commence commercial activities in August.

Experts express concern over federal govt’s proposed $5.5bn loan

Nigerians, especially economic experts, on Monday expressed concern over the Federal Government’s intention to borrow 5.5 million dollars to fund some capital projects captured in the 2017 budget.

Finance minister confirms N350bn release for capital projects

The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget.

Local contractors excluded from $20bn rail projects

The Federal Government is breaching its own local content policy in the construction of over $20 billion rail tracks across the country, as indigenous firms are being excluded from the execution of the projects.

Recent Stories

Shareholders condemn SEC’s suspension of Oando annual general meeting

The Pramatic Shareholders Association of Nigeria (PSAN) has condemned the Securities and Exchange Commission's (SEC) suspension of the 42rd Annual General Meeting of Oando Plc which was scheduled to take place on Tuesday, June 11, 2019.

Senator Ndume: Senate president election was free, fair

Sen. Ali Ndume (APC-Borno) on Tuesday, described the conduct of the senate president election for the 9th National Assembly as ”free and fair.”

Court remands four suspects in Ilorin prison over alleged murder

An Ilorin Magistrates’ Court on Tuesday ordered the remand of four men at the Oke-Kura Prison, Ilorin, for the alleged murder one Isiaka Sikiru.

Nigeria’s Pelfaco signs oil production sharing deal with Congo Republic

Nigerian private oil and gas company Pelfaco signed a production sharing deal with Congo Republic’s state energy firm on a 32-million barrel oil field on Tuesday, Congo’s oil ministry said.
Ahmad Lawan, majority leader of the senate, says the national assembly will not become President Muhammadu Buhari’s “rubber stamp” if he is elected senate president.

President Buhari congratulates new National Assembly presiding officers

President Muhammadu Buhari has congratulated heartily the newly elected presiding officers of the Ninth National Assembly.