N20.51trn 2023 Budget: Rising Deficit, Declining Revenue Raise Concerns   The success of the N20.51 trillion 2023 budget depends on extensive fiscal and monetary measures to address the wide gap between Nigeria’s declining revenue and productivity levels and its ballooning expenditures. Economic and financial experts yesterday took...

Naira Sells N436.63/$1 at Spot Market, N731/$1 at Black Market The Naira appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange market on Thursday, October 6. Yesterday, the exchange rate of the local currency against the greenback closed at...

FEC Okays Proposed N19.76trn 2023 Budget   The federal executive council (FEC) has approved the proposed N19.76 trillion budget for the 2023 fiscal year. Femi Adesina, special assistant to the president on media and publicity, disclosed this while addressing state house correspondents on the outcome of the...

NSITF Pays N1.7bn Claims, Compensation To Rehabilitate Injured Workers   The Nigeria Social Insurance Trust Fund (NSITF) yesterday said it spent over N1.7billion as claims and compensations for rehabilitation of injured workers, death benefits as well as compensation for loss of man hour to their employers...

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...