Category : Search result: N20 trillion plan


FG to Clear N4tr Road Contractors' Debt by Dec 20

The Federal Government has set a December 20 deadline to settle all outstanding payments owed to road contractors, following protests over N4 trillion in delayed project financing. Minister David Umahi announced the presidential directive.

72 Data Centres Needed for Nigeria's $1 Trn Economy

Digital Realty CEO Ikechukwu Nnamani says Nigeria requires 72 edge data centres to power a $1 trillion economy by 2030. He highlights a severe infrastructure gap and lack of AI-ready facilities.

Wike Appoints Galadima as SSA on Development Control

FCT Minister Nyesom Wike appoints retired director Mukhtar Galadima as Senior Special Assistant on development control and planning. Read about his 30-year experience and Wike's master plan enforcement.

16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline

CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.

MAN Warns Against SSB Tax Hike, Cites Job Risks

Manufacturers Association of Nigeria warns proposed sugar-sweetened beverage tax increase could undermine local production, threaten jobs, and distort investments. Urge lawmakers to reconsider.

Putin's Ukraine Ultimatum: Cede Land or Face War

Russian President Putin demands Ukraine cede occupied territories for peace, threatening continued military action. US proposes new peace plan as conflict escalates. Read the latest developments.

Deadly Russia-Ukraine strikes amid peace plan talks

Russia and Ukraine trade deadly attacks as US President Trump's peace proposal faces European resistance. Six killed in Kyiv, three in Rostov. Updated plan aims to uphold Ukrainian sovereignty.

Tinubu: 1,000 Businesses Planned for Every Ward

President Bola Tinubu announces a plan to establish 1,000 active businesses in each of Nigeria's 8,809 wards to stimulate grassroots economic growth, job creation, and skills acquisition.

Fintiri Inaugurates National Livestock Council

Adamawa State inaugurates the National Council on Livestock Development, a major step to boost Nigeria's economy, ensure food security, and reduce herder-farmer conflicts.

Trump's Ukraine Peace Plan Faces Geneva Test

US President Trump signals flexibility on Ukraine peace proposal as Geneva talks approach. Kyiv seeks changes to plan requiring territorial concessions and NATO restrictions. Read latest developments.

US Peace Plan for Ukraine-Russia War Unveiled

White House confirms Trump administration's peace proposal for Ukraine conflict, calling it beneficial for both sides despite concerns it favors Moscow. Read details.

NACO Coordinator Olusegun Awolowo Dies at 62

Nigeria mourns the passing of Olusegun Awolowo, National Coordinator of Nigeria AfCFTA Coordination Office. Tributes pour in for the dedicated public servant who served three presidents. Learn about his legacy.

Ex-NEPC Boss Olusegun Awolowo Passes Away at 62

Nigeria mourns Olusegun Awolowo, former NEPC executive director and grandson of Chief Obafemi Awolowo, who died at 62. Read about his legacy in Nigerian trade and public service.

N20bn Money Laundering Case Adjourned to Dec 16

Federal High Court Lagos adjourns Taiwo Ibitola Taiwo's N20 billion money laundering case to December 16, 2025. The businesswoman faces fraud and conversion charges over family inheritance.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

UN Endorses Trump's Gaza Plan, Authorises Force

The UN Security Council has endorsed a US-drafted resolution backing President Trump's Gaza peace plan, authorising an international stabilisation force. Read the full details and reactions.

UN Council to Vote on Trump-Backed Gaza Stabilisation Plan

The UN Security Council is set for a crucial vote on a US-drafted resolution endorsing Donald Trump's Gaza peace plan, including an international force. A failure to act could lead to renewed fighting. Read the full details.

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