NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year. NNPCL disclosed this...

CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months   Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex bank’s Balance of Payment compilation spanning...

 CBN Won't be Allowed to Print Money - Budget Minister Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget...

NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also...

'Tinubu’s Trips Gulped N3.4bn in Six Months'   President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of assuming office. The figure is 36 per cent more than the N2.49bn earmarked for the President’s travel expenditure in the 2023...

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default   The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay electricity charges. The amount is despite the military fingered among the government agencies that occasionally owed the Distribution Companies debt which...