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Sunday, June 7, 2020

NNPC Pays N450bn Federation Account Debt

The Nigerian National Petroleum Corporation (NNPC) has finally offset its indebtedness of N450bn to the Federation Account. The Permanent Secretary, Federal Ministry of Finance, Mahmoud...

FAAC Shares N462bn for May 2017

The Federation Account Allocation Committee has shared a sum of N462.359 billion to the Federal Government, State Governments and Local Government Councils. The statutory allocation...

FG: YouWiN! Connect Series 1 to mobilise N2.5Billion under co-investment model for SMEs

The YouWiN! Connect Series 1, plans to mobilise up to N2.5bn annually as equity investment in start-ups and early stage SMEs through qualified fund...

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...
Godwin Emefiele CBN Governor

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...
Godwin Emefiele CBN Governor

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...
NBS National Bureau of Statistics

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...
Godwin Emefiele CBN Governor

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...
Godwin Emefiele CBN Governor

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...
Nigeria Customs Service

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...
NBS National Bureau of Statistics

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...
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...
Live Covid-19
United States 1,988,545
Cases: 1,988,545
Deaths: 112,096
Recovered: 751,897
Active: 1,124,552
Brazil 676,494
Cases: 676,494
Deaths: 36,044
Recovered: 302,084
Active: 338,366
Russia 467,673
Cases: 467,673
Deaths: 5,859
Recovered: 226,731
Active: 235,083
Spain 288,390
Cases: 288,390
Deaths: 27,135
Active: 261,255
United Kingdom 284,868
Cases: 284,868
Deaths: 40,465
Active: 244,403
India 247,195
Cases: 247,195
Deaths: 6,950
Recovered: 119,293
Active: 120,952
Italy 234,801
Cases: 234,801
Deaths: 33,846
Recovered: 165,078
Active: 35,877
Peru 191,758
Cases: 191,758
Deaths: 5,301
Recovered: 82,731
Active: 103,726
Germany 185,696
Cases: 185,696
Deaths: 8,769
Recovered: 169,100
Active: 7,827
Iran 169,425
Cases: 169,425
Deaths: 8,209
Recovered: 132,038
Active: 29,178
Turkey 169,218
Cases: 169,218
Deaths: 4,669
Recovered: 135,322
Active: 29,227
France 153,634
Cases: 153,634
Deaths: 29,142
Recovered: 70,806
Active: 53,686
Chile 127,745
Cases: 127,745
Deaths: 1,541
Recovered: 95,631
Active: 30,573
Mexico 113,619
Cases: 113,619
Deaths: 13,511
Recovered: 81,544
Active: 18,564
Pakistan 98,943
Cases: 98,943
Deaths: 2,002
Recovered: 33,465
Active: 63,476
Saudi Arabia 98,869
Cases: 98,869
Deaths: 676
Recovered: 71,791
Active: 26,402
Canada 95,057
Cases: 95,057
Deaths: 7,773
Recovered: 53,614
Active: 33,670
China 83,036
Cases: 83,036
Deaths: 4,634
Recovered: 78,332
Active: 70
Qatar 67,195
Cases: 67,195
Deaths: 51
Recovered: 42,527
Active: 24,617
Bangladesh 63,026
Cases: 63,026
Deaths: 846
Recovered: 13,325
Active: 48,855
Belgium 59,072
Cases: 59,072
Deaths: 9,580
Recovered: 16,190
Active: 33,302
Belarus 47,751
Cases: 47,751
Deaths: 263
Recovered: 23,015
Active: 24,473
Netherlands 47,335
Cases: 47,335
Deaths: 6,011
Active: 41,324
South Africa 45,973
Cases: 45,973
Deaths: 952
Recovered: 24,258
Active: 20,763
Sweden 43,887
Cases: 43,887
Deaths: 4,656
Active: 39,231
Ecuador 42,728
Cases: 42,728
Deaths: 3,608
Recovered: 21,020
Active: 18,100
United Arab Emirates 38,268
Cases: 38,268
Deaths: 275
Recovered: 21,061
Active: 16,932
Colombia 38,027
Cases: 38,027
Deaths: 1,205
Recovered: 14,382
Active: 22,440
Singapore 37,910
Cases: 37,910
Deaths: 25
Recovered: 24,559
Active: 13,326
Portugal 34,351
Cases: 34,351
Deaths: 1,474
Recovered: 20,807
Active: 12,070