FG’s Expenditure Exceeds Revenue by N6tn in Six-Month The Central Bank of Nigeria latest data has revealed that Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23tn. According to the second quarter economic report on fiscal sector development compiled from the...

In One Month, Pension Assets Drop By N2bn   The total assets under the contributory pension scheme lost nearly N2bn in one month. This was contained in the National Pension Commission’s latest report titled, ‘Unaudited report on pension funds industry portfolio for the period ended 30 September...

Fed Govt Eyes N834trn To Meet Net Zero Target   The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting the country’s Energy Transition Plan. A...

Export Processing Terminal Will Boost Nigeria’s $2.5bn Non-oil Export - NPA   The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Belo-Koko yesterday in Lagos, stated that the Export Processing Terminal at Lilypond in Ijora, would further enhance Nigeria’s non-oil exports currently in the region...

Telecoms Sector Records $70bn Investment, Employs 500,000 – NCC     The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has stated that the telecommunication sector sustains 500,000 jobs. He added that the sector’s contribution to Gross Domestic Product had also grown from insignificance to...

Floods: FG Receives N109.3bn Support, Constructs Mini-dams   The Federal Government has received $249m (N109.3bn at Tuesday’s official exchange rate of N439.02/$) from the African Development Bank ($244m) and the International Fund for Agricultural Development ($5m) for flood impact mitigation and food production. It has also commenced...