N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection
N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection
No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company...
Edun, Cardoso Seek Increase In World Bank Support for Nigeria
Edun, Cardoso Seek Increase In World Bank Support for Nigeria
Mr. Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, has called...
Cedrus Group: CBN Reforms Will Yield Results In Q2
Cedrus Group: CBN Reforms Will Yield Results In Q2
On Thursday, the Chief Executive Officer of Cedrus Group Africa, Olubusayo Adeniyi, stated that the reforms...
Rising Inflation Poses Risk To New Minimum Wage
Rising Inflation Poses Risk To New Minimum Wage
President Bola Tinubu has set up a committee to decide on the new minimum wage for Nigerian...
NRC Generates N287m From Cargo Haulage In Three Months – NBS
NRC Generates N287m From Cargo Haulage In Three Months – NBS
The Nigerian Railway Corporation (NRC) earned N286.78m from cargo transported by rail in the...
FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years
FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years
The federal government’s effort to subsidise electricity tariff for Nigerians has seen it cough...
NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan
NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan
The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and...
CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months
CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six...
CBN Won’t be Allowed to Print Money – Budget Minister
CBN Won't be Allowed to Print Money - Budget Minister
Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it...
NASS Raises Works Ministry Budget To Over N1trn
NASS Raises Works Ministry Budget To Over N1trn
The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed...
‘Tinubu’s Trips Gulped N3.4bn in Six Months’
'Tinubu’s Trips Gulped N3.4bn in Six Months'
President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of...
Military To Spend N5.8bn On Electricity Charges, Despite Payment Default
Military To Spend N5.8bn On Electricity Charges, Despite Payment Default
The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay...
EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles
EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles
The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on...
$2bn Debt: Airlines Get $62m As CBN Repays Banks
$2bn Debt: Airlines Get $62m As CBN Repays Banks
The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog...
Five States, FCT Attract $654.65m Foreign Investments
Five States, FCT Attract $654.65m Foreign Investments
Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in...
Nigeria’s Capital Inflow Drops to $654.65m in Q3, Lowest in a Decade
Nigeria's Capital Inflow Drops to $654.65m in Q3, Lowest in a Decade
By Zekeri Idakwo
Nigeria's capital importation has significantly dropped in the third quarter of...
NASS N197.93bn 2024 Budget more than that of Seven Universities Combined
NASS N197.93bn 2024 Budget more than that of Seven Universities
Combined
By Zekeri Idakwo
The 2024 Federal Government proposed budget for the National Assembly is more than...
In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks
In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks
The rising cost of living has pushed Nigerians to borrow about...
Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud
Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud
Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouk, on Tuesday denied involvement in...
Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 – Senate
Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 - Senate
The Senate has approved the extension of implementation of the supplementary appropriation bill...