Fed Govt Earmarks N59bn For Rural Roads Development       The Minister of State for Budget and National Planning, Clem Agba, has disclosed that a total of N34 billion has been set aside by the federal government for the development of rural roads, with additional N17 billion...

Six Banks Earn N14.2bn From Account Maintenance Fee       A breakdown of the half year unaudited financial statements of six banks that have their result to the Nigerian Exchange Limited has shown that they realized N14.2 billion, up from the N9.8bn from account maintenance fee. The amount...

Fed Govt Generates N864.71bn CIT In Six Months       The National Bureau of Statistics (NBS) yesterday said the Federal Government raked in a total of N864.7 billion Company Income Tax (CIT) in the first six months of 2021. The Economic Confidential learnt from the “Company Income Tax...

Ogoni Oil Spill : Ten Years After Judgment, Shell Agrees To Pay N45.9bn       The people of Ogoni in Rivers State got justice on Wednesday as the multinational oil company, Shell Petroleum Company, agreed to pay N45.9bn for the losses suffered as a result of oil...

FG Approves $2.5m, N498.2m For Four Power Projects     The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the country. This is just as it also okay the interim report on greenhouse emission reduction for the nation. Minister...

Insecurity Fuels 22% Food Inflation, Surveillance Gulps N476bn       The Federal Government may have spent N475.8bn on surveillance to curtail the high level of insecurity threatening both the economy and lives of Nigerian citizens. Analysis of the Federal Government budgets between 2017 and 2021 showed that the...