FEC Considers 2023 Budget Estimates   The 2023 draft budget estimates proposal topped items for consideration this Wednesday at the Federal Executive Council (FEC) meeting presided by President Muhammadu Buhari The budget, estimated at N19.76 trillion, is expected to be presented to the National Assembly, on Friday,...

DMO Offers Two FG Savings Bonds For Subscription   The Debt Management Office (DMO), has announced the offering of two Federal Government of Nigeria (FGN) savings bonds for subscription. The first offer is a two-year FGN savings bond, which will be due on October 12, 2024 at...

467 Financial Institutions Liquidated Till Date - NDIC   The Nigeria Deposit Insurance Corporation (NDIC) yesterday disclosed that it has successfully liquidated 467 financial institutions till date, that is, of both depositors and creditors. The insured financial institutions, according to the Corporation, comprise of 49 Deposit...

World Bank Projects 102% Revenue, Debt Service For Nigeria     The World Bank has said that public debt in Nigeria is concerning due to the rising debt service-to-revenue ratio. According to the bank, the debt service to revenue ratio could stand at 102.3 per cent by the...

NNPC Profit Rises to N674bn in 2021 - Kyari The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that the NNPC as a corporation profit after tax rose from N287bn in 2020 to N674bn in 2021. Kyari, who disclosed this at...

N3.92trn Fuel Subsidy Higher Than Health, Education, Defence Budgets   The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual federal budgets for health, education and defence during the 30-month period. Findings show...