Fraud Allegations: FG Fires Acting AGF, Anamekwe   The Federal Government has fired the acting Accountant-General of the Federation (AGF), Chukwuyere N. Anamekwe. According to sources, he was replaced two weeks ago with Okolieaboh Ezeoke Sylvis, a former TSA (Treasury Single Account)...

Debt Profile: Revenue Generation Is Nigerian Govt’s Main Challenge – DMO   The Debt Management Office (DMO) says revenue generation is a major constraint of the Federal Government and impacts the country’s debt situation negatively. The Director-General of the DMO, Patience Oniha,...

In Three Months, Aviation Fuel Import Rose By 287% To N293bn   The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N292.56 billion on the importation of aviation fuel, known as Jet A1 in the first three months of...

Oil Prices Could Hit $380 Per Barrel, JP Morgan Warns   The price of oil may rise to an all-time high of $380 per barrel if the United States and European sanctions lead Russia to reduce its crude supply in retaliation. This...

We Recovered N1.4trn Bad Debt - AMCON Boss   The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and...

FG Raised N1.84trn Via Bond To Bridge 2022 Budget Deficit In H1, 2022   The federal government in first half (H1) of 2022 raised a total of N1.84 trillion through the FGN bond market to finance the N6.26trillion 2022 budget deficit,...