Financial

No Plan To Review 2021 Spending Estimates - Finance Minister         The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday in Abuja, said...

Aviation Sector Contribution To GDP Contracts By 38.86%       The Gross Domestic Product report released by the National Bureau of Statistics has shown that air transport...

Total Credit To Economy Now N19.5trn - Emefiele         Total credit to the economy rose to N19.54 as of the end of November 13, according to...

Senate Seeks Zero Duty On Aircraft Importation, Spare Parts         The Senate at plenary on Tuesday called on the Federal Government to fully implement the Executive...

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted...

Major Food Prices Increased In October, Says NBS Report         The National Bureau of Statistics on Tuesday said the prices of some major selected food items...

101,567 Beneficiaries Received N3.18bn COVID-19 Survival Fund – FG         The Federal Government on Tuesday announced that 101,567 beneficiaries have been paid a total of N3.18bn...

Senate Okays FG’s N148.14bn Refund To Ondo, Osun, Others         The Senate on Tuesday approved the request of President Muhammadu Buhari’, seeking a refund of N148,141,969,161.24...

PIB Passes Second Reading In The House Of Reps       Finally, the age-long Petroleum Industry Bill, PIB has passed second reading at the House of Representatives. The...

FIRS Generates N4.178trn In 10 Months         The Federal Inland Revenue Service on Monday said as of the end of October this year, it had generated...

Controversy Over N4.6bn Payments Due To IPPIS – Fashola         The Minister of Works and Housing, Babatunde Fashola, said no money was missing or stolen under...

MPC: Experts Expect No Rise In Interest Rate         Financial experts have said they expect the lending rate to either be retained or reduced at the...

Fed Govt Processing $750m World Bank Loan For States         The Federal Government has said it is processing a World Bank loan of $750 million on...

How We’re Tackling Recession – Fed Govt         The Federal Government on Monday explained some of the measures being adopted to help get the country out...

Reps Demand N50bn Airlines Bailout         The House of Representatives has said Nigeria’s aviation sector needs about N50bn to cushion the effects of the COVID-19 pandemic...

Nigeria’s Per Capita Income May Hit 40-year Low – W/Bank       The World Bank said on Monday that Nigeria’s per capita income could fall in 2020...

Nigeria’s Economy On Track Despite Recession – FG         The Federal Government has said that Nigeria's economy is still on track despite another recession the country...

Fed Govt To Begin $195m Maritime Security Project Q1 2021       The federal government has disclosed that barring any unforeseen circumstance, the $195 million Integrated National...

Naira In Mixed Fortunes As External Reserves Drop To 5mths Low       Despite the renewed pressures on the external sector, Naira has appreciated in the Investors...

Income Tax Revenue Lags Behind Fed Govt Projections         Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged...