Nigeria Gets $3.35bn In IMF’s $650bn SDR Allocation
The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about SDR 456 billion) to boost global liquidity.
The Washington-based institution which disclosed this...
NIPOST Launches N50 Stamp, Targets N60bn Revenue
The Nigeria Postal Service (NIPOST) has launched a new N50 denomination revenue stamp, projecting remittance of yearly revenue of more than N60 billion to the federal government.
Speaking at the launch of the revenue stamp on Tuesday in Abuja,...
$23bn Diaspora Remittances Raise Income Line For Households
In recent time, there have been moves to increase the volume and value of dollars remitted into the economy by Nigerians living abroad.
More dollar inflows have significantly improved income of many beneficiaries who rely on their families...
Loans From W/Bank, AfDB Rise To $14.35bn Under Buhari's Administration
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown.
This means that...
Senate Names Jonathan, Sambo, Others In N665.8bn Diversion, Demands Refund
The Senate has demanded a refund of funds totalling N665.8bn which were allegedly diverted by the Office of Accountant General of the Federation from the Solid Mineral Development Fund and Stabilisation Fund to ministries, departments...
Egbin Power Decries N388bn NBET Debt, Idle Capacity
Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid.
The company disclosed this on Tuesday during...
