FG Spends N400bn Yearly On Social Investments – SGF       The Federal Government is spending over N400bn annually on social investment programmes in its bid to lift millions of Nigerians out of poverty, the Secretary to the Government of the Federation, Boss Mustapha, has said. He disclosed...

Reps, Customs Disagree Over N1.3trn Revenue Projection       The House of Representatives’ Committee on Finance has dismissed a revenue of N1.3tn projected by the Nigeria Customs Service for 2022, vowing to raise the target. The Comptroller-General of NCS, Col. Hameed Ali (retd.), had in his presentation at...

Nigeria Entitled To $3.35bn In Fresh IMF Rights Allocation       The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that the organisation begun allocating Special Drawing Rights of about $650bn on Monday. This was contained in a press statement on the IMF website...

Nigerians In Diaspora Remit $65.34bn In Three Years       The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...

Local Aviation Loses N11.6bn Annually To Poor Ground Handling Rates       Perennial underpricing and poor rates in the ground handling sub-sector of aviation yearly is costing the entire industry a shortfall of $28.35 million or N11.6 billion ($1:N410). A rough estimate in revenue, according to industry benchmark...

MDAs Couldn’t Account For N4.97trn In 2019 - Auditor-general       The Auditor-General of the Federation, Adolphus Aghughu, has said ministries, departments and agencies of the Federal Government failed to account for a total sum of N4.97tn in 2019. Aghughu said the MDAs failed to substantiate the sum...