DMO To Raise N1.2trn Via FGN Bonds In Q1, 2023   The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through FGN bonds in the first quarter of the year 2023. The DMO disclosed this in its...

National Assembly To Approve N22.7trn Debt Restructuring Tuesday   The Senate President, Ahmad Lawan, has declared the Senate is ready to approve the N23.7tn debt restructuring request made by President Muhammadu Buhari in December last year. The senate also blamed the Minister...

CBN Report Reveals Economy Contracted In November   Economic activities contracted in November as the Purchasing Managers’ Index fell below 50.0, according to reports obtained from the Central Bank of Nigeria. The CBN stated in reports of members of the Monetary Policy...

Subsidy: Fed Govt Borrowing To Import Fuel - Minister   The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of...

FG, States, LGCs Share N990.189bn In Dec 2022   The Federation Account Allocation Committee (FAAC), at its first meeting for year 2023 shared a total of N990.189 billion to the three tiers of government, as Federation Allocation for the month of...

OPEC Says Nigeria’s Oil Output Rises By 4% To 1.235 mb/d   Nigeria’s oil output rose by four per cent month-on-month, MoM, to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in November 2022. On Year-on-Year, YoY performance,...