In Five Years, Presidential Panels Gulp N15bn   About N14.79bn was earmarked for presidential committees supervised by the Office of the Secretary to the Government of the Federation between 2018 and 2022. This came as President Muhammadu Buhari inaugurated at least 10 committees and councils in 2022...

Immigration Generates N438bn From Passport Issuance, Others   The Nigeria Immigration Service (NIS) has generated N438.78bn as revenue from 2017 to date. This came as the total sum of Internally Generated Revenue (IGR) by the agency almost doubled from N38.53bn in 2017 to N74.69 (budgeted IGR) in...

Credit To Private Sector Increases By N6.4trn In 11 Months   With banks increasing interventions in the real sectors, credit to private sector increased to N41.58 trillion in November 2022 from N40.84 trillion in October, the latest Central Bank of Nigeria (CBN) “Money and Credit” statistics...

World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200 Programme. The global bank stated that despite CBN's good intentions, the policy has created an additional foreign exchange window further worsening...

FG Approves N386.75bn for Works, Power, Transport Ministries The Federal Executive Council has approved a total of N386.75 billion for various projects in the federal ministries of Power, Police Affairs, Environment, Works and Housing and Transportation. The various ministers on Wednesday revealed the respective memorandum approved...

Court Orders Interim Forfeiture of $899,900, N304.5m, 15 Properties Recovered From Ex-AGF, Ahmed Idris   A Federal Capital Territory High Court has ordered the interim forfeiture of monies and properties recovered from a former Accountant General of the Federation, Ahmed Idris, by the Economic and Financial...