CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue With the amount spent on debt servicing in the first four months of 2022 outweighing the revenue of the country, analysts have projected that the Central Bank of Nigeria (CBN) financing of government through ways...

PenCom Okays N13.21bn For Annuity Retirees The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022. This is according to data obtained from the commission’s quarterly report on ‘Retiree life annuity’. It stated that, “The commission granted approval...

N109bn Fraud: EFCC Set to Arraign ex-Accountant General of the Federation The Economic and Financial Crimes Commission (EFCC) is set to arraign the former Accountant General of the Federation, Ahmed Idris, before a Federal Capital Territory (FCT) High Court. The EFCC had arrested Idris in May...

JUST IN: Finally, Nigeria's Debt Servicing Surpasses Revenue by N310bn The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first quarter of 2022. This is contained in the 2022 fiscal performance details between January and April released by the...

AfDB Board Okays Over $1bn For Emergency Food Production Plan   The African Development Bank (AfDB) Group’s Board of Directors has approved 24, fast-track programmes to help the continent mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19...

$10bn Spent Annually On Education, Medical Tourism - Emefiele   The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism. Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he said education and health sectors...