Financial

Beans, Garri Prices Drove Annual Food Inflation       The prices of beans and garri drove annual food inflation in May, the National Bureau of Statistic has...

Insurance Industry Assets Now N2.02trn       Insurance companies’ gross written premium rose to N520bn as of the end of 2020, while their assets hit N2.02tn as...

Nigeria Earned N79.96bn From Solid Minerals – NEITI       The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria earned N79.96bn from the solid minerals sector in...

In Two Months, External Reserves Fall By $1.4bn     The country’s external reserves fell by $1.4bn in two months, the latest data from the Central Bank...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure...

Rising Inflation Pushed 7million Nigerians Below Poverty Line – W/Bank       The World Bank has said rising prices pushed about seven million Nigerians below the poverty...

Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on...

Cutting Governance Cost’ll Not Solve Revenue Problems - Akabueze       The Director General of the Budget Office of the Federation, Ben Akabueze, on Tuesday said cutting...

Tax defaulters to pay 50% of disputed amount into court account before hearing Tax defaulters who plan to institute legal cases against the Federal Inland...

NSITF Chiefs Appear In Senate Today Over Alleged N61.1bn Diversion       The management of the Nigeria Social Insurance Trust Fund is expected to appear before the...

2020 Finance Act Improving Tax Collection – CITN     Newly elected president of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Adesina Adedayo, has lauded...

W/Bank Okays $3bn For Vaccines In Africa, Others       The World Bank has announced that it has approved $3bn in funding to cover vaccination in 32...

Seme Customs Impound N410m Worth Of Contraband       The Seme Command of the Nigeria Customs Service said it has impounded contraband worth over N409.9 million smuggled...

'Nigerian Govt’s Reliance On CBN Financing Worrisome'       The Nigerian government’s reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly...

In Six Years, Buhari Regime Has Borrowed $2.02bn From China       The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from...

Investments In FG’s Treasury Bills Weaken, Sales Fall 19% To N1.35trn       Investors’ interest in the Federal Government’s monetary instrument, the Nigeria Treasury Bill (NTB) has...

NCoS Admits Receiving N1bn In Error From Unknown Contractor     Reps panel gives service two weeks for fresh evidence The House of Representatives Committee on Finance, heard...

PenCom Bans Charges On Micro Pension       To avert depletion of the micro pension fund, the National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs)...

W/Bank Upgrades Nigeria’s Economic Growth Forecast To 1.8%       The World Bank yesterday upgraded its economic growth forecast for Nigeria in 2021 to 1.8 per cent,...

PenCom Stop Charges On Artisans’ Savings Below N5m       The National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension...