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Friday, January 19, 2018

FG Allots N256.23m In November Savings Bond Sales

The Federal Government allotted N256.23 million in its November, 2019 and 2020 savings bond sales, according to the Debt Management Office (DMO). The allotment results,...
Buhari

FG Earned N250.56bn VAT Revenue In Q3 – NBS

The National Bureau of Statistics released the Value Added Tax sectoral distribution report for the third quarter of this year with the country recording...
Lagos Governor Ambode

Lagos Settles Bond Subscribers With N141bn

The Government of Lagos State has disclosed that it had paid a total sum of N141.59 billion to bond holders in its various fixed...

NSEs Market Capitalisation Falls By N61 Billion

Price losses outweighed gains on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as most blue chip stocks depreciated in price, causing...
Buhari

Presidency Welcomes New GDP Figures

... Says Nigerian Economy Continues to Improve Steadily with Rise in Q3 Figures  In a clear indication of ongoing progress, the Nigerian economy has improved...
Buhari

FG To Generate N311bn From Asset Sale, Privatisation

The Federal Government is aiming to generate of N311bn from privatisation of public properties and the sale of national assets next year to partly...

New Airport Terminals Require $500m Extra To Correct Defects

About $500 million (N152.5 billion) extra is required to fix design anomalies in the on-going airport terminal buildings in four locations in the country...

Power Distributors To Pay Interest On N120bn Debt

Power distribution companies are going to start paying interest on the debt they owe the electricity Market Operator since the commencement of the Transitional...
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...

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