FGN Bond: Tight Monetary Policy Threatens FG’s N720bn Borrowing Plan
The Federal Government’s plan to borrow about N720 billion through FGN bond auctions in the third quarter, Q3’22, has come under fresh threat following increasing investors’ appetite for higher yields...
MDAs’ Retirees Get Paid N980bn Arrears
The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies (MDAs) from the inception of the Contributory Pension Scheme in 2004 to December 2021.
The Director-General, National...
NGX Group Posts N820.17m Profit In H1, 2022
The Nigerian Exchange Group (NGX Group) has announced its unaudited results for the half year (H1) ended June 30, 2022 with N820.17million profit, representing an increase of 82.4 per cent from N...
FG's Debt Servicing To Hit N10.43trn
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper.
This is a 182.66 per cent increase from the N3.69tn...
Nigeria Loses N891bn To Gas Flaring In 18 Months
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency (NOSDRA) released...
FG Says N21trn Required To Bridge 28m Housing Deficit
The amount required to fund the housing sector in Nigeria and bridge the estimated 28 million housing deficit across the country is N21tn, the Federal Government has stated through its Bank...
