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Thursday, June 4, 2020
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...

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...
Godwin Emefiele 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,...

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...
Godwin Emefiele CBN Governor

Again MPC Votes to Retain MPR at 14%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate(MPR) at 14 percent at its...

MPC: MAN wants CBN to reduce lending rate

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent...

Naira in upswing as CBN targets convergence

With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the...

Budget: Debt servicing gulps more than power, education

The Federal Government will spend N540bn more on debt servicing than it will spend on 10 key sectors of the economy, an analysis of...

BoI to raise N1trn for ERGP

The Bank of Industry (BoI) is planning a fundraiser of N1trillion from within and outside the country to finance industrial component of the Economic...

Soludo: Nigeria’s Economic Recession was Avoidable

A former Central Bank of Nigeria (CBN) Governor, Prof Charles Chukwuma Soludo, has said that the current economic recession being witnessed in Nigeria is...

Budget 2017: FG Brainstorms on Modalities for Funding

Five days after the National Assembly passed the 2017 budget, the Economic Management Team (EMT) chaired by acting President Yemi Osinbajo met in the...
Live Covid-19
United States 1,902,031
Cases: 1,902,031
Deaths: 109,146
Recovered: 688,670
Active: 1,104,215
Brazil 584,562
Cases: 584,562
Deaths: 32,568
Recovered: 266,132
Active: 285,862
Russia 441,108
Cases: 441,108
Deaths: 5,384
Recovered: 204,623
Active: 231,101
Spain 287,406
Cases: 287,406
Deaths: 27,128
Active: 260,278
United Kingdom 279,856
Cases: 279,856
Deaths: 39,728
Active: 240,128
Italy 233,836
Cases: 233,836
Deaths: 33,601
Recovered: 160,938
Active: 39,297
India 217,554
Cases: 217,554
Deaths: 6,091
Recovered: 104,155
Active: 107,308
Germany 184,425
Cases: 184,425
Deaths: 8,699
Recovered: 167,800
Active: 7,926
Peru 178,914
Cases: 178,914
Deaths: 4,894
Recovered: 72,319
Active: 101,701
Turkey 166,422
Cases: 166,422
Deaths: 4,609
Recovered: 130,852
Active: 30,961
Iran 160,696
Cases: 160,696
Deaths: 8,012
Recovered: 125,206
Active: 27,478
France 151,677
Cases: 151,677
Deaths: 29,021
Recovered: 69,455
Active: 53,201
Chile 113,628
Cases: 113,628
Deaths: 1,275
Recovered: 90,748
Active: 21,605
Mexico 101,238
Cases: 101,238
Deaths: 11,729
Recovered: 73,271
Active: 16,238
Canada 93,085
Cases: 93,085
Deaths: 7,498
Recovered: 51,048
Active: 34,539
Saudi Arabia 91,182
Cases: 91,182
Deaths: 579
Recovered: 68,159
Active: 22,444
Pakistan 85,264
Cases: 85,264
Deaths: 1,770
Recovered: 30,128
Active: 53,366
China 83,022
Cases: 83,022
Deaths: 4,634
Recovered: 78,319
Active: 69
Qatar 62,160
Cases: 62,160
Deaths: 45
Recovered: 37,542
Active: 24,573
Belgium 58,685
Cases: 58,685
Deaths: 9,522
Recovered: 15,959
Active: 33,204
Bangladesh 57,563
Cases: 57,563
Deaths: 781
Recovered: 12,161
Active: 44,621
Netherlands 46,733
Cases: 46,733
Deaths: 5,977
Active: 40,756
Belarus 45,116
Cases: 45,116
Deaths: 248
Recovered: 20,171
Active: 24,697
Ecuador 40,966
Cases: 40,966
Deaths: 3,486
Recovered: 20,019
Active: 17,461
Sweden 40,803
Cases: 40,803
Deaths: 4,542
Active: 36,261
South Africa 37,525
Cases: 37,525
Deaths: 792
Recovered: 19,682
Active: 17,051
Singapore 36,922
Cases: 36,922
Deaths: 24
Recovered: 23,582
Active: 13,316
United Arab Emirates 36,359
Cases: 36,359
Deaths: 270
Recovered: 19,153
Active: 16,936
Colombia 33,354
Cases: 33,354
Deaths: 1,045
Recovered: 12,288
Active: 20,021
Portugal 33,261
Cases: 33,261
Deaths: 1,447
Recovered: 20,079
Active: 11,735