EFCC Recovers N13bn Illegal Fuel Subsidy Payments   The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the subsidy regime between 2017 and 2021. This was based on the National inherent risk assessment of money laundering and terrorist financing...

N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari   President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with the 2022 supplementary appropriation bill. It is the eighth and final budget of his regime. Buhari signed the 2023 budget at the...

2023 Budget: Buhari to Forward Borrowing Plan to NASS   President Muhammadu Buhari has said he will forward the comprehensive Borrowing Plan for 2023 to the National Assembly for consideration. The President made this known after signing the 21.83 trillion naira 2023 Appropriation Bill into law on...

JUST IN: Buhari Signs N21.83trn 2023 Budget into Law   President Muhammadu Buhari has signed the 2023 Budget of N21.83 trillion into law. The President who took advantage of the first working day of 2023 to take the significant steps also signed the 2022 Supplementary Appropriation Bill...

External Reserves Drop By $3.43bn In 2022   Nigeria’s external reserves dropped by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the reserves which stood at $40.52bn as of the end...

FG Opens 2023 Borrowings With Two Savings Bonds   The Federal Government will today open application list for its first debt issuance in 2023 with the launch of two tranches of its monthly retail bond issuance, otherwise known as Federal Government of Nigeria Savings Bond (FGNSB). The...