In Four Years, We Augmented LG Allocations With N33.25bn – Ogun Govt   The Ogun State Government has said it augmented councils’ allocations with N33.25 billion in the last four years to enable them to meet their obligations. The government maintained that it does not interfere with...

CBN Says FG’s Three-month Expenditure Exceeds Revenue by N1.43trn   The Federal Government’s expenditure exceeded revenue by N1.43tn in the first three months of 2023, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN revealed in its economic report for the third quarter...

Consumers, Companies’ Taxes Increase by 96% to N2.3trn   Government revenue got a boost as taxes from companies and consumers rose by 96.11 per cent to N2.31trn in the second quarter of 2023, signifying a huge jump between the first quarter and second quarter of the...

Naira Trades N738/$1 at I&E Window, Sells 918/1$ at Parallel Market Naira gained 4.79 percent of its value against the dollar at the Investors and Exporters (I&E) forex window on Wednesday. At the end of trading on Wednesday, the dollar was quoted at N738.18/$1 as against...

110 Top Executives, Others Sacked over N82bn Fraud - Report  The Financial Institutions Training Centre report has revealed that at least 110 top bank executives and junior staff members have been sacked for fraud-related cases in the past two years. These were contained in the ‘Reports...

Insurance Firms, Banks Others Contribute N1.72trn To Economy   Banks, insurance companies and other financial institutions contributed N1.72 trillion to the nation’s real Gross Domestic Product (GDP) in the first half of the year, H1’23. This represents 27 percent year-on-year YoY growth from the N1.35 trillion contributed...