Financial

Capital Importation Drops By N1.68trn – CBN   Foreign investors appear to have boycotted the Nigerian market as capital importation has dropped by $4.08bn (N1.68tn) in...

Fed Govt Excessive Borrowing From CBN Threatens Exchange Rate, Others   The Federal Government’s excessive borrowing from the Central Bank of Nigeria through the Means and...

Senate Begins Probe On N14.7bn PHCN Privatisation Fund In Secret Accounts     The Senate Committee on Public Accounts has begun investigation of N14.7bn proceeds of privatisation...

N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments - MAN   The Manufacturers Association of Nigeria said on Thursday that the introduction of excise duty of...

Fed Govt Rakes In N8.6trn From Customs, FIRS In 2021   The federal government has realized the sum of N8.6trn as taxes for the year 2021. Data...

FG Releases N31.97bn For Retirees’ Accrued Pension Rights     The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees...

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...

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...

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...

Bank Of Agric Distressed Over Bad Loans, Others – Auditor Ceneral   The Office of the Auditor-General of the Federation has said the Bank of Agriculture...

Osinbajo, Panel To Meet NLC Over Subsidy Removal, Transport Palliative   The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government is...

PFAs Invest Additional N693bn Pension Funds In Banks   The Pension Fund Administrators invested N693bn funds under the Contributory Pension Scheme in banks in nine months,...

Banking Industry Credit Rises to N23.5trn   The Central Bank of Nigeria has stated that banking industry credit in 2021 reached N 23.5 trillion with Other...

Buhari Appoints Chief Economic Adviser   President Muhammadu Buhari has approved the appointment of Chief Doyin Salami as Chief Economic Adviser to the President (CEAP). The president’s...

Nigeria’s Debt Vulnerable, costly - W/Bank   The World Bank has disclosed that Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. According...

N188.64bn Generated At Onne Port In 2021 - Customs   The Area ll Command of the Nigeria Customs Service in Onne Port has said it collected...

CBN, SEC, Others To Lift Financial Sector With Fresh N1.54trn Investment     Federal Government Ministries, Departments and Agencies, especially financial services regulators are to invest N1.54tn...

Discos Remit Only N265.03bn of N519.77bn Invoices To NBET In Six Months   Electricity Distribution Companies (Discos) only managed to remit N265.03 billion of the expected...

Customs, Immigration, 13 Others Fail To Remit N127.1bn – Audit Report   The Office of the Auditor General of the Federation has disclosed that 15 Ministries,...

Banks’ll Increase Credit To Economy In 2022 - CBN   The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector will...