World Bank Backs Nigeria’s ERGP, Kaduna State With $961m
The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...
World Bank Backs Nigeria’s ERGP, Kaduna State With $961m
The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...
FG to Fund 11% 2017 Budget with Recovered Loot, Promises N350bn for Capital Projects
The Federal Government is to fund 11 per cent of the 2017 Budget with money recovered from the treasury looters as it promised to...
CBN Injects $195m into FOREX Market
…announces retail option
Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of...
CBN to Partner Microfinance Banks on Housing Deficit
Worried by the housing deficit facing the nation, the Central Bank of Nigeria (CBN) is planning to strengthen financial capacity of some microfinance banks...
Nigeria hires foreign investigators to trace illicit funds
The Federal Government has hired a leading global investigation agency to trace destinations of illicit funds emanating from Nigeria.
The Minister of Finance, Mrs. Kemi...
Inflation Dips to 16.25% – NBS
The Consumer Price Index which measures inflation has dropped from 17.24 per cent in April to 16.25 per cent year-on-year, The National Bureau of...
Investor, Exporter Forex Window Hits $2.2b
The Central Bank of Nigeria has said that dollar inflows into the economy through the newly introduced Investor and Exporter (I&E) Forex Window have...
CBN moves against Inflation…mops up N200 billion in Special OMO
In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of...
NCS Records N136bn Revenue from Apapa
The Nigeria Customs Service (NCS) has recorded about N136.6 billion revenue, with the large haul coming from the Apapa Command which intercepted among other...
Fitch Rates Nigeria’s $300m Diaspora Bond ‘B+(EXP)’
Fitch Ratings has assigned Nigeria’s $300m Diaspora Bond ‘B+(EXP)’ indicating that the relative stability in the foreign exchange market with reversal of the slide...
FG kick-starts 2018 Budget preparation
Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo, has flagged off preparatory activities for the 2018 Budget...
VAT Revenue Decreases to N204.7bn- NBS
The Government's revenue through Value Added Tax (VAT) had decreased from N207.35 billion in the fourth quarter of 2016 to N204.77 billion in the...
FIRS Generates N778bn in Q1 2017
The Federal Inland Revenue Service (FIRS) has said that it generated N778.19 billion revenue in the first quarter of 2017.
This is according to a...
Our Revenues are Not Yielding as Expected – FG
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has advised government agencies and parastatals not to depend totally on Federal Government’s...
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...
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...
Nigeria’s Debt Hits N19tn
The Debt Management Office (DMO) Monday revealed that Nigeria’s total debt stock increased to N19.15 trillion at the end of first quarter 2017, from...
