28.5 C
Abuja
Saturday, November 18, 2017
Buhari

Nigeria Makes N212.73bn From Agricultural Exports In 2016

Nigeria realised N212.73 billion from agricultural product exports at the end of the fourth quarter of 2016. The was disclosed in excerpts of a...

‘External Reserves To Hit $40bn In 2018’ – Emefiele

As the external reserves inched up to $34.3 billion last week, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has...
CBN Governor

7m Jobs Created By CBN’s Interventions

The Central Bank of Nigeria (CBN), has scored itself high in promoting inclusive growth and sustainable development as its intervention programmes have created over...

NNPC Loses N18.56bn To Sabotage In One Month

The Nigerian National Petroleum Corporation, NNPC, has lost a total sum of N18.56billion monthly as indicated in a latest report from the corporation. In  its...

Investment Inflow Into Africa To Reach $75bn – Osinbajo

Vice-President Yemi Osinbajo described the continent of Africa as a land of immense opportunities, noting that Foreign Direct Investment inflow into the region was...

Nigeria Loses $100bn Export Revenues

Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, has revealed that Nigeria lost over $100 billion of national export revenues between 2015 to...

Federation Account recorded N797.51bn VAT Revenue In 10 Months.

Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Honourable Minister of Finance, Mrs....

Devt Bank Expends N5bn To 3 Micro Finance Banks

The Development Bank of Nigeria (DBN) has commenced lending to eligible Participating Financial Institutions (PFIs) for on-lending to Micro, Small and Medium Enterprises (MSMEs). At...

30 States Generate N516bn, Spend N1.4trn On Wages

Thirty states of the federation generate a cumulative internal revenue just enough to settle one-third of their workers’ salaries and allowances, Daily Trust investigations...
AGF Ahmed Idris FAAC

FG, States And Lgc’s Share N558.082 Billion As Revenue For The Month Of September...

The sum of  N558.082 has been shared as FACC allocation among the Federal, States and Local Government Councils  for  the month of September  2017. The...

Nigeria’s Gas Flare Rate Hikes To 12% – NNPC

The Nigerian National Petroleum Corporation has announced an increase of 1.97 per cent in the country’s gas flare rate. According to the national oil firm,...

Legacy Debts Take $3bn Of $5.5bn Foreign Loans –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun stated that the Federal Government would apply the sum of $3bn in refinancing the legacy debts of...

Gas Production In Nigeria Hits Seven Billion Cubic Feet Daily

Nigeria’s gas production has reached seven billion cubic feet per day (cf/d), according to the Nigerian National Petroleum Corporation (NNPC). The Group Managing Director, Dr....

Connecting All States By Rail To Cost $36bn– Amaechi

The Minister of Transportation, Rotimi Amaechi, has said that the $36bn being sought by the Federal Government for rail lines construction across the country...
Naira Dollar

Naira Falls To N360.13 Per Dollar

The naira has depreciated marginally to N360.13 per dollar in the Nigeria Autonomous Foreign Exchange Window (NAFEX)​. The local currency had closed at N360.08 last...

Federal Agencies Remit Less Than N1.695tr

The Senate ad-hoc committee probing misuse and under remittance of Internally Generated Revenue (IGR) has uncovered over N1.695 trillion unremitted by Federal Government agencies. The...

N’Assembly Expresses Dissatisfaction Over Poor Capital Releases

Members of the House of Representatives are unimpressed with what they term “poor capital releases” for the 2017 budget just as President Muhammadu Buhari...

Budget: FG to Spend N8.60tn In 2018

The Federal Government has increased national budget by N1.16tn in 2018, according to projections contained in the 2018-2020 Medium Term Expenditure Framework and Fiscal...

World Bank Denies Disagreeing With Adeosun On Foreign Borrowings

The World Bank Group, has denied that the Bank disagreed with the Minister of Finance, Mrs. Kemi Adeosun, over the borrowings by the Nigerian...

Oil Prices Rise To $59 As US Inventories Fall

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude...

Recent Posts

Pin It on Pinterest