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Wednesday, July 26, 2017

EU Earmarks €15m for Fish Farming in West African Sub-region

The European Union has said it will provide up to €15million facility to countries in the West African sub-region, as part of effort to...

FG to Sell N135bn Bonds on July 12

The Debt Management Office (DMO) has announced the Federal Government's plans to sell N135 billion worth of bonds in its July 12 auction. The offer...

5 Companies Express Interest For 65% Shares in Etisalat Nigeria

According to Brandish, “no fewer than five” companies have expressed interest to buy Etisalat Nigeria, with Orange and Vodafone Group shown “concrete interest” for...
Ahmed Idris AGF

FAAC Shares N462bn for May 2017

The Federation Account Allocation Committee has shared a sum of N462.359 billion to the Federal Government, State Governments and Local Government Councils. The statutory allocation...

FG to Fund 11% 2017 Budget with Recovered Loot, Promises N350bn for Capital Projects

The Federal Government is to fund 11 per cent of the 2017 Budget with money recovered from the treasury looters as it promised to...
CBN Governor

CBN to Partner Microfinance Banks on Housing Deficit

Worried by the housing deficit facing the nation, the Central Bank of Nigeria (CBN) is planning to strengthen financial capacity of some microfinance banks...
NBS National Bureau of Statistics

Inflation Dips to 16.25% – NBS

The Consumer Price Index which measures inflation has dropped from 17.24 per cent in April to 16.25 per cent year-on-year, The National Bureau of...

Fitch Rates Nigeria’s $300m Diaspora Bond ‘B+(EXP)’

Fitch Ratings has assigned Nigeria’s $300m Diaspora Bond ‘B+(EXP)’ indicating that the relative stability in the foreign exchange market with reversal of the slide...

FG kick-starts 2018 Budget preparation

Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo, has flagged off preparatory activities for the 2018 Budget...

Nigeria’s Debt Hits N19tn

The Debt Management Office (DMO) Monday revealed that Nigeria’s total debt stock increased to N19.15 trillion at the end of first quarter 2017, from...
Lagos Governor Ambode

2016 Viability Index: Lagos Generates More IGR than 30 States Combined

Annual State Viability Index: 36 States Generate N801bn of IGR Against N2.6trn from Federation Account Lagos Generates More IGR than 30 States Combined … Economic Viable...

FG Resumes Payment into Excess Crude Account with $87m

The Minister of Finance, Mrs. Kemi Adeosun, has said that the federal government has commenced payment into the Excess Crude Account (ECA), in line...
Ahmed Idris AGF

FAAC Payments to States Fall by N1.453tn — Report

The payments from the Federation Account Allocation Committee to state governments plunged by N1.453tn between 2013 and 2016, the Nigeria Extractive Industries Transparency Initiative...
NDLEA officials

NDLEA Records 34,499 Drug-Related Arrests in 4 years- Report

    NDLEA Records 34,499 Drug-Related Arrests in 4 years- Report … Secures 7,317 Convictions, Kano is No. 1, Katsina, Plateau follow,  The National Drug Law Enforcement Agency...

Economic Recovery: Inflation rate drops-NBS… NASS to Pass Budget Soon

NBS: The economy seems to be on its way to recovery as inflation rate dropped in February falling to 17.78 percent. It is the lowest...

NIPOST Generates N8.8bn, Says NBS

The Nigerian Postal Service (NIPOST) generated N8.83 billion as revenue in 2016, the National Bureau of Statistics (NBS) has announced. In a report titled: ”Annual...
Road

Nigeria: 79,875 Cases of Road Accidents Reported in 3 Years

Road accidents… Ogun leads with 6422, Jigawa is least with 725 Not less than 79,875 (Seventy-nine thousand, eight hundred and seventy-five) cases of road accidents...

2017 Budget: FG Makes Clarification on Ambiguous Figures

The Federal Government has cleared air on ambiguous figures and issues raised by the public against the 2017 Appropriation Bill before the National Assembly. Speaking...

Inflation Refuses to Deflate, hits 18.72%

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), which measures inflation again rose by 18.72 per cent (year-on-year) in January from...

N6trn 2016 Budget: Non-Implementation Trails MDAs

Barely one month to the implementation of the capital budget for 2016, several Ministries Departments and Agencies(MDAs) are yet to come to terms with...

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