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...
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 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 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...
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...
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...
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...
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 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,...
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...
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 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...
