23 C
Abuja
Wednesday, July 26, 2017

NNPC Pays N450bn Federation Account Debt

The Nigerian National Petroleum Corporation (NNPC) has finally offset its indebtedness of N450bn to the Federation Account. The Permanent Secretary, Federal Ministry of Finance, Mahmoud...

FG: YouWiN! Connect Series 1 to mobilise N2.5Billion under co-investment model for SMEs

The YouWiN! Connect Series 1, plans to mobilise up to N2.5bn annually as equity investment in start-ups and early stage SMEs through qualified fund...
IMF

World Bank Backs Nigeria’s ERGP, Kaduna State With $961m

The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...

World Bank Backs Nigeria’s ERGP, Kaduna State With $961m

The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...
CBN Governor

CBN Injects $195m into FOREX Market

…announces retail option Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of...
CBN Governor

CBN moves against Inflation…mops up N200 billion in Special OMO

In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of...
FG

Our Revenues are Not Yielding as Expected – FG

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has advised government agencies and parastatals not to depend totally on Federal Government’s...
Debt Office DMO Nwankwo

Nigeria’s Domestic Debt Servicing Gulp N474.06bn

The size of Federal Government’s loans has reflected on the debt servicing expenses as it spent N474.06 billion to service domestic debts in the...
Naira Dollar

Africa Losing $80bn Annually to Illicit Financial Flows

The Chair, International Anti-Corruption Conference Council, Akere Muna,has stated that Africa was losing between $50bn and $80bn annually through illicit financial outflows. Muna disclosed this...
Dogara

Reps uncover $15bn unremitted oil, gas revenue

House of Representatives Ad hoc Committee investigating allegedly missing 17 billion dollars crude oil and Liquified Natural Gas revenue has uncovered 15 billion dollars...

Bankers Should Face Trial for Stolen Funds -Osinbajo

Acting President Yemi Osinbajo has called for the prosecution of banks and their officials who aid corruption by hiding looted funds. He faulted those who...

Osinbajo Warns Banks Against Aiding Looters

Acting President, Yemi Osinbajo, has pushed for sanctions against banks aiding looting of funds from one country to another. He made the remark at the old...
CBN Governor

CBN to Further Flood Forex Market….As Rates Converge

In spite of the naira’s strong showing in the foreign exchange market last week, which saw the currency gain substantial ground against the United...

Again, Oil Prices Dip Below $50

Oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more...

Governors resolve to pay backlog of salaries

The 36 governors last night resolved to offset the backlog of salaries and pension arrears owed civil servants in the country as soon as...

NSMP Implementation Achieves 40% target – NSDC

The Federal Government has said that the implementation of the National Sugar Master Plan (NSMP) has reached 40.3percent between 2013 and 2016. The Executive Secretary,...
Buhari

With N49tn Import Bill, FG Looks Inwards for Goods and Services

The federal government has said it had spent a whopping N49 trillion on imports in 17 years, adding that it has resolved to chart a new...

Osinbajo Inaugurates Industrial Policy and Competitiveness Advisory Council

Acting President Yemi Osinbajo has inaugurated the Nigeria Industrial Policy and Competitiveness Advisory Council, which will spearhead the industrial agenda that will boost the...
Ahmed Idris AGF

FAAC Shares N415 billion to FG, states, LGAs 

The Federation Accounts Allocation Committee (FAAC) yesterday shared N415.730 billion among the three tiers of government- federal, states and local government areas (LGAs) for...
cbn

CBN Injects $186.5m for Invisible and SMEs segments

Following the conclusion of the Monetary Policy Committee Meeting, the Central Bank of Nigeria (CBN) has injected the sum of $186.5million into the invisible...

Recent Posts

Pin It on Pinterest