Strategic Capital Investment Ltd Acquires Polaris Bank for N1.355 Trillion The Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. This was contained in a statement by the CBN’s Director, Corporate Communications, Osita Nwanisobi, on Thursday. In it, the CBN announced the...

FG Budgets N3.36trn For Controversial Fuel Subsidy In H1, 2023   The Federal Government has disclosed that N3.36trillion has been earmarked for fuel subsidy in the first half of 2023. This was made known by Zainab Ahmed, the Minister of Finance and Budget Planning, on Wednesday in...

FG Earmarks N30bn For Nigeria Air, New Projects   The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the...

Reps, Senators Face Probe Over Illegal Budget Passage   The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari  that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally. It was...

Nigerians Paid N1.23trn Tax To 36 States In 2021   Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020. This is according to data from the States’ Internally Generated Revenue report by...

'Next Govt To Inherit $716m Judgment Debts'     The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration. The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes Issued by Category as at...