Economic Realities Will Determine Salary Review - RMAFC Boss   The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mohammed Shehu, has said the commission will do what is best for the country when reviewing the pay for politicians, judges, and public officers. Earlier, media...

FG to Support Ondo Farmers with N400m Agricultural Fund The state Commissioner for Agriculture and Forestry, Olayato Aribo, has disclosed that the Federal Government will spend more than N200 million on the distribution of inputs to farmers in the state and N200 million on the...

FG Recorded N13.33bn Revenue Loss From Gas Flaring Fines   The Federal Government recorded a revenue shortfall of N13.33bn from gas flaring penalties issued against oil and gas firms in January and February 2023. It was earlier reported that the Federal Government would impose $49m (N22bn) fine...

Banks’ Credit To Economy Rises By 11% To N84trn   Banks’ net domestic credit to the economy has hit N84 trillion representing an 11 percent Month-on-Month, MoM, rise fromN75.49 trillion in May. The breakdown, according to the Money and Credit Statistics of the Central Bank of Nigeria,...

Why June Inflation Figure Drop Below Expectation – NBS   The National Bureau of Statistics (NBS) has stated that the inflation figure released for the month of June did not reflect the anticipated rise by experts as the market survey used to calculate the indices stopped...

'Subsidy Removal Expected To Generate Fiscal Savings Of N2trn By Year End' The removal of the PMS subsidy is expected to provide fiscal savings of N2 trillion in 2023 and this, together with earnings from improved oil exports and non-oil sources would buoy government’s revenue. According...