Uganda To Borrow $2bn To Fund Budget   Uganda said it plans to borrow 6.9 trillion shillings ($1.89 billion) from external lenders in the 2020/2021 (July-June) fiscal year to partly finance its budget, which could come under pressure as veteran leader Yoweri Museveni seeks re-election. A finance...

Spending N37bn On National Assembly Renovation Ridiculous - TUC   The Trade Union Congress of Nigeria has described as ridiculous the proposal to renovate the National Assembly complex at a cost of N37bn. The TUC stated this in its Christmas and New Year message, which was jointly...

Non-oil Exports Doubled To N2trn In 2019 — FG   Federal Government said the nation’s non-oil exports doubled from about N1 trillion to N2trn between 2018 and 2019. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this at a media briefing in Lagos on Monday...

Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria   A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the country have failed to sanction them several years after they were announced. Industry experts said...

FIRS Records N4.8trn 10-year Revenue Shortfall   Within a 10-year period covering 2010 and 2019, the Federal Inland Revenue Service recorded a revenue shortfall of N4.88tn, figures obtained from the FIRS have indicated. The FIRS data showed that during the 10-year period, the service generated about N43.41tn...

CBN Disburses N611.5bn To Commercial Farmers   The total amount disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to N611.5bn as of the end of November 2019. The Central Bank of Nigeria disclosed this in its November 2019 economic report Part of...