I don't Understand How NBS Get Their Inflation Figures - Buhari   President Muhammadu Buhari has expressed doubt on the credibility and accuracy of the routine inflation figures released by the National Bureau of Statistics (NBS). Speaking in the Channels TV interview...

Buhari, Experts Disagree On Borrowings As Debt Servicing Gulps 76% Of Revenue   The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum represents 76.2 per cent of the N5.51tn revenue generated...

Nigerians To Pay VAT For Digital Services, Says Finance minister   Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and...

CBN’s Quarterly Forex Intervention Declines By $930m   The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter of 2021 to $4.03bn from $4.96bn in Q2. The CBN disclosed this in its report on...

Fed Govt Plans N250bn Lifeline For MSMEs   The Federal Government plans to disburse N250bn as loans to Medium-scale, Small and Micro Enterprises to boost job creation across the country. According to the National Development Plan 2021–2025 (Volume II), the Federal Government...

Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession   The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to...