Inflation Soars To 21.82% Amid Naira Redesign   Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent...

FG Raises N724.9bn Bond Auction in February - DMO The Debt Management Office says it has raised N724.9 billion Federal Government bond auction in February 2023, stating that it was a 100% increase compared to the previous year. The auction, which was held on February 13, 2023,...

Report Reveals NLNG Paid Buhari Regime $5.3bn Dividend   The Federal Government has received about $5.28bn as dividends from the Nigeria Liquefied Natural Gas Limited (NLNG) under the regime of President Muhammadu Buhari. The latest data contained in the Facts and Figures 2022 report of the NLNG,...

Fed Govt To Grant N5.5trn Tax Waivers In 2023   The Federal Government has budgeted N5.51tn for tax expenditures in 2023. This was according to the 2023 fiscal framework document obtained by our correspondent. According to Tax Foundation, tax expenditures are a departure from the “normal” tax code...

FG Projects 82% Of Revenue For Debt Servicing – IMF The International Monetary Fund (IMF) says the Federal Government has projected to spend 82 per cent of its revenue on interest payments in 2023. According to the IMF, external debt (including that of the private sector)...

Challanges Faced With Redesign Naira Notes - Emefiele Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday blamed the unpleasant situation created by the Naira swap on the limited capacity to print enough new Naira notes. Emefiele said this factor led to...