Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    GCR Upgrades Rand Merchant Bank Nigeria Rating to AA

    June 19, 2026

    AI Future Depends on Resilient Telecom Infrastructure – Adebayo

    June 19, 2026

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    June 19, 2026
    Facebook X (Twitter) Instagram
    Trending
    • GCR Upgrades Rand Merchant Bank Nigeria Rating to AA
    • AI Future Depends on Resilient Telecom Infrastructure – Adebayo
    • Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks
    • XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone
    • Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases
    • BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn
    • OPEC Estimates 23% Global Energy Demand Growth
    • Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, June 19
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FCTA Approves N1.94bn for Procurement of Earth-Moving Machines

    FCTA Approves N1.94bn for Procurement of Earth-Moving Machines

    Olu AnisereBy Olu AnisereMarch 19, 2025 News No Comments2 Mins Read
    FCTA Approves N1.94bn for Procurement of Earth-Moving Machines
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FCTA Approves N1.94bn for Procurement of Earth-Moving Machines

    The Federal Capital Territory Administration (FCTA) has approved N1.94 billion for the procurement of earth-moving machinery for its Department of Development Control.

    Chief Felix Obuah, Coordinator, Abuja Metropolitan Management Council (AMMC) disclosed this in Abuja on Wednesday, after the FCT Executive Committee meeting chaired by FCT Minister, Mr Nyesom Wike.

    According to him, the procurement of the earth-moving equipment will ease the work of the department of development control under AMMC.

    “Today, we sought the approval for the procurement of some critical earth-moving machines and equipment for the Department of Development Control under AMMC.

    “The procurement was in favour of Matrak Nigerian Ltd and was approved by the Council with a due period of three weeks.”

    Obuah identified the machinery as SEM CAT Wheel Loader (SEM656), CAT Wheel Loader (950 GC), CAT Excavator (320 GX), CAT Excavator (323 GX) and CAT Dozer (D6 GC). 

    He explained that the equipment was not targeted for demolition, but for the smooth operation of the development control and AMMC. “This will enable us to perfect our job for the interest of our city,” Obuah said. # FCTA Approves N1.94bn for Procurement of Earth-Moving Machines.#FCTA Approves N1.94bn for Procurement of Earth-Moving Machines#

    No Explosion at Port Harcourt Refinery, NNPC Clarifies

    fcta
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    GCR Upgrades Rand Merchant Bank Nigeria Rating to AA

    AI Future Depends on Resilient Telecom Infrastructure – Adebayo

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    Add A Comment

    Comments are closed.

    Editors Picks

    GCR Upgrades Rand Merchant Bank Nigeria Rating to AA

    June 19, 2026

    AI Future Depends on Resilient Telecom Infrastructure – Adebayo

    June 19, 2026

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    June 19, 2026

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026
    Latest Posts

    GCR Upgrades Rand Merchant Bank Nigeria Rating to AA

    June 19, 2026

    AI Future Depends on Resilient Telecom Infrastructure – Adebayo

    June 19, 2026

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    June 19, 2026

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.