FG allocates N8bn to defence agency amid weapons importation

The Federal Government has allocated a total sum of N7,940,323,192 to the Defence Industries Corporation of Nigeria in the 2025 Appropriation Bill, to revamp the nation’s arms production capabilities. Established in 1963 to manufacture weapons locally, DICON’s performance has been repeatedly questioned as Nigeria continues to rely heavily on foreign countries for arms and ammunition.

Read More

  • Related Posts

    EFCC nabs man for buying bank account details, N2m fraud

    Operatives of the Economic and Financial Crimes Commission have arrested one Olawole Sunday, a suspected internet fraudster, accused of purchasing bank account details from individuals to perpetrate financial crimes. A statement on Monday by the EFCC’s head of Media and Publicity, Dele Oyewale, said Sunday’s fraudulent scheme involved recruiting young individuals to open multiple bank
    Read More

    Operatives of the Economic and Financial Crimes Commission have arrested one Olawole Sunday, a suspected internet fraudster, accused of purchasing bank account details from individuals to perpetrate financial crimes. A statement on Monday by the EFCC’s head of Media and Publicity, Dele Oyewale, said Sunday’s fraudulent scheme involved recruiting young individuals to open multiple bank

    Read More

    Trump defends tariffs on Nigeria, China, others

    President Donald Trump has defended his administration’s sweeping tariff increases on multiple countries, including Nigeria and China, insisting the United States is finally reclaiming its economic power after years of being taken advantage of. The new tariffs, according Trump on Monday, target imported goods across various sectors, and Trump warned nations not to retaliate or
    Read More

    President Donald Trump has defended his administration’s sweeping tariff increases on multiple countries, including Nigeria and China, insisting the United States is finally reclaiming its economic power after years of being taken advantage of. The new tariffs, according Trump on Monday, target imported goods across various sectors, and Trump warned nations not to retaliate or

    Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Presidency debunks sack of INEC boss, Mahmood Yakubu

    BREAKING: Exchange rate drops to N1,629 on official market 

    Alleged N19.4 billion fraud: Procurement Director testifies against Ex-Aviation Minister, Sirika 

    Soybean prices surge beyond N950.00 in the commodities market, eyes analysts’ forecast for 2025