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...

Workers Transferred N663bn RSA To Other PFAs - PenCom   No fewer than 168,768 workers have changed their Pension Fund Administrators (PFAs) and moved N663.761bn Retirement Savings Accounts (RSA) since the National Pension Commission (PenCom) opened the window of transfer. The window of transfer allowed workers to...

World Bank Says Nigeria Spent 96% Of Revenue On Debt Servicing In 2022   The World Bank says Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on servicing debt in 2022. This was according to the...

Bayelsa, Ondo, Lagos Record Highest Rate Of Inflation - NBS   Bayelsa, Ondo and Lagos states recorded the highest rate of inflation in March 2023. This was according to the latest National Bureau of Statistics data on inflation across the country, which was released on Saturday. According to...