Foreign Portfolio Investments Decline To Four-year Low At N729.2bn       Foreign portfolio investments (FPIs) in Nigeria dropped to a four-year low at N729.20 billion in 2020 as foreign investors’ appetite for Nigerian investments remained subdued by macroeconomic risks. Nigeria’s latest FPI report obtained at the weekend showed...

In 8 Months, FG Earned N2.4bn From Infrastructure Concessions         Within the past eight months, the federal government has earned at least N2.4 billion from the concession of infrastructure concessions through a public-private partnership model, records have shown. The Economic Confidential reports that the federal government through...

NCC Remits N144.312bn Spectrum Fees To FG       The Nigerian Communications Commission (NCC) has so far remitted N144.312billion spectrum fees to the consolidated revenue fund (CRF) of the Federal Government over the last seven years, according to a document obtained at the weekend. Over the same period,...

CBN, NSIA To Invest N50bn In Nigeria Commodity Exchange         The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are to invest a fresh N50 billion in the Nigerian Commodity Exchange (NCX), Abuja. The Governor of the CBN, Mr. Godwin Emefiele, disclosed this...

No Aviation Agency Benefited From N5bn Palliative, Says NCAT Rector         The Rector of the Nigerian College of Aviation Technology (NCAT), Zaria, Capt Abdulsalam Mohammed, has said none of the aviation agencies benefited from the N5 billion COVID-19 stimulus package the federal government recently released to...

CBN Boosts Economy With N8.8trn To Battle COVID-19         The Central Bank of Nigeria (CBN) has injected more than than N8.8 trillion into the economy since the advent of COVID-19 in March last year. Its Governor Godwin Emefiele who dropped the hint in Abuja at the end...