The Federal, government says it will provide cheap funds to farmers at five percent interest rate to assist them in the procurement of agricultural equipment and seedlings to aid food production. The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele stated this on Thursday at the launch of Ogun State's produced Mitros rice at the agro services corporation headquarters, Asero, Abeokuta.

The Federal Government on Wednesday approved the release of N739 billions to Ministries, Departments and Agencies for implimentation of capital projects captured in the 2017 budget. The Minister of Finance, Mrs. Kemi Adeosun in a released memorandum to the Federal Treasury Department, dated December 20, 2017 directed the immediate release of the sum to the MDAs, thereby bringing the total capital vote releases for the fiscal year to N1.189 trillion.

The Nigeria Customs Service (NCS) has recorded its highest revenue collection ever of over N1 trillion as against N770 billion target set for 2017.

The Service Public Relations Officer, Mr Joseph Attah, announced this at a news conference in Abuja on Thursday.

According to him, the revenue realised this year is a historic figure ever made in the NCS.

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it would build a 4, 600 megawatts power generating plants in Abuja, Kaduna and Kano states. The Group Managing Director of the Corporation, Maikanti Baru stated this when the Governor of Niger state, Abubakar Bello paid him a courtesy visit.

NNPC Promises To End Fuel Queues By Weekend

Spokesperson of the Nigerian National Petroleum Corporation NNPC, Mr Ndu Ughamadu, on Thursday in Abuja assured that fuel queues will disappear by weekend.

The Group Managing Director of the NNPC, Dr. Maikanti Baruhas stated that in line with the presidential mandate on oil exploration in all the frontier basins, the NNPC was well-focused on the exploration in the Bida Basin and would carry out the job professionally.

He explained that once the geological mapping is completed, the NNPC’s Integrated Data Services Limited would be engaged to carry out the other aspects of the seismic activities, which would be completed by July 2018.

“We have contracted the geological mapping of the Bida Basin to Ibrahim Babangida University, Lapai and the job would be completed in three months,” Dr. Baru Stated.

Benin’s telecommunications regulator has withdrawn the operating licence of Nigerian mobile telecoms company Globacom’s local unit in a dispute over new terms, according to a document seen on Tuesday, according to Reuters. The regulator, ARCEP-Benin, said that it took the decision after negotiations with Glo Mobile Benin to renew its licence broke down earlier this month after the company refused new conditions imposed by the government.

The Nigerian National Petroleum Corporation, NNPC, is planning to build power plants with combined capacity of 4600 megawatts in Abuja, Kaduna and Kano States.

Group Managing Director of the NNPC, Dr. Maikanti Baru, disclosed this during a courtesy call by the Governor of Niger State, Alhaji Abubakar Sani Bello, Tuesday in Abuja.

The planned plants folows the recently approved contract for the construction of Ajaokuta-Abuja-Kaduna-Kano Gas Pipeline project, dubbed AKK Pipeline.

Workers in the power sector have berated Electricity Distribution Companies and Generation Companies for failing to provide the necessary working tools and improved working condition since the privatization of the sector. The workers under the aegis of National Union of Electricity Employees, NUEE stated their displeasure in a communiqué issued at the end of its National Executive Council, NEC, meeting in Lagos.

The construction of Dangote Tomato factory in Kaduna state has commenced after a protracted land dispute between the company and six communities on whose lands the factory is being constructed. The commencement of the construction work followed a recent crucial meeting between the officials of the company, officials of Kabau Local government and representatives of the six affected communities. The communities include Karreh, Gajagaja, Tudun Gaya, Kwadaro, kacita and Ganiwa all in Kubau Local Government of the state.