Monetary

FG Says Nigeria Lost N3trn During 2022 Flood   Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, has disclosed that the...

Extend Deadline of Old Notes Till February, Islamic Group Tells FG An Islamic group, Muslim Rights Concern, MURIC, has appealed to the Federal Government to...

FG Earmarks N21bn To Modernise Railway Operations   The Federal Government has earmarked the sum of N21.09bn for railway modernisation, rehabilitation and maintenance of ongoing railway...

PFAs Generate N266bn From Fixed Income Securities   The Pension Fund Administrators (PFAs) recorded N266.13bn gain from investment of pension funds in fixed-income securities in the...

At the launch of the e-Naira, a lot of Nigerians were not enthusiastic about the innovation as they were skeptical about its workability in the country.

Railway Debt Servicing Gulps N246bn   The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank...

EFCC Recovers N13bn Illegal Fuel Subsidy Payments   The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the...

N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari   President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with...

In Five Years, Presidential Panels Gulp N15bn   About N14.79bn was earmarked for presidential committees supervised by the Office of the Secretary to the Government of...

Immigration Generates N438bn From Passport Issuance, Others   The Nigeria Immigration Service (NIS) has generated N438.78bn as revenue from 2017 to date. This came as the total...

Credit To Private Sector Increases By N6.4trn In 11 Months   With banks increasing interventions in the real sectors, credit to private sector increased to N41.58...

World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200...

FG Approves N386.75bn for Works, Power, Transport Ministries The Federal Executive Council has approved a total of N386.75 billion for various projects in the federal...

Court Orders Interim Forfeiture of $899,900, N304.5m, 15 Properties Recovered From Ex-AGF, Ahmed Idris   A Federal Capital Territory High Court has ordered the interim forfeiture...

Senate Probes Accountant-General Over Alleged N978bn From SWVs   The Senate on Tuesday began probing the Office of the Accountant-General of the Federation over the N978billion...

How We Seized 5,500 Tons Of Drugs Worth N450bn In 22 Months - Marwa     The Chairman of the National Drug Law Enforcement Agency, NDLEA, Brig....

Buhari Says FG Generated $547m From 5G Auction   President Muhammadu Buhari has disclosed that the auctioning of the 5G spectrum generated $547 million into federal...

Customs Impounds Indian Hemp, Rice, Others Worth Over N1bn   The Federal Operations Unit, FOU Zone A of the Nigeria Customs Service (NCS) said it has...

Stamp Duty: Presidency Knocks Kazaure Over N89trn Claim   Following controversies trailing a claim of a missing N89.09trn allegedly siphoned from stamp duty charges, the Presidency...

Lawmakers Pass NCC’s N559bn Budget   The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission (NCC) following the presentation...