Fuel Subsidy: FG To Begin 40% Pay Rise For Workers By April Ending   Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH can report. The President,...

BoI Group Assets Rise to N2.38trn   The Bank of Industry Group (BoI) revealed that its total asset rose by 39.2 per cent to N2.38trn as of the end of 2022 financial period. It said in a statement on Monday that the growth was achieved following the...

External Reserves Fell to $35bn in Two Weeks - CBN   The Central Bank of Nigeria report has revealed the country’s external reserves fell by $112.78m in two weeks to $35.42bn Figures obtained from the CBN’s data on the movement of external reserves on Monday showed that...

NRC Debt Servicing Hit N111bn, Generates N12bn – Report The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last two years while making only N11.61bn...

Buhari Says Marginal Oilfields Sale Generated N203bn   President, Muhammadu Buhari says the Federal Government under his watch made over N203bn from the sale of petroleum prospecting licenses to 161 firms in its last marginal fields bid round. “We implemented a marginal fields bid round and saw...

N2bn Debt: AMCON Takes Over Firm’s Assets   The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over N2 billion debt. The move by the corporation followed an order of Honourable Justice I. N. Buba of the Federal High Court...