FG Raises N4.46trn Bonds To Bridge Budget Deficit
As the federal government intensified borrowing from local investors to bridge the 2023 budget deficit, the government through the Debt Management Office (DMO) raised a total of N4.46 trillion from the bond market in eight months of...
Electricity: Niger, Togo, Benin Owing Nigeria N12.6bn For 2023 Q1
Amidst growing tension between Nigeria and its northern neighbour, Niger Republic, official report has indicated that Niger together with Togo and Benin Republic indebtedness to Nigeria on electricity supply has hit $16.11 million (about N12.60...
In One Month, Transportation Cost Increased By 98% – NBS
The average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit rose, according to the National Bureau of...
Workers Transferred N822bn To New Operators, Dump PFAs - PenCom
No fewer than 203,127 workers have changed their Pension Fund Administrators and moved N822.37bn from their Retirement Savings Accounts since the National Pension Commission (PenCom) opened the window of transfer.
PenCom disclosed this in its transfers...
FG To Settle N187.32bn Contractors’ Debt This Year
The administration of President Bola Tinubu will likely spend about N187.32bn to settle debts owed to local contractors this year.
The debts were listed as promissory notes in a document titled, ‘Schedule of promissory notes issued by category...
Appraising Tinubu's Move to Reform Nigeria's Tax System
By Zekeri Idakwo
During the week, President Bola Ahmed Tinubu inaugurated a 40-man Committee on Fiscal and Revenue Reforms. According to the Chairman of the Committee, Taiwo Oyedele, "Nigeria loses N20 trillion yearly to tax gap". This is...
