National Assembly To Pass Appropriation Bill December - Lawan
The Senate President, Ahmad Lawan, has said that the National Assembly will pass the 2023 Appropriation Bill of N20.5 trillion before the end of December.
He made this known on Tuesday at a reception organised in his...
CBN’s Lending To Commercial Banks Drops by N350bn
Data obtained from the Central Bank of Nigeria (CBN) suggest that money deposit banks (DMBs) could be struggling to park excess cash holdings despite low access to funds by the real sector.
According to the financial data, DMBs’...
Insurance Industry Assets Hit N2.3trn - NAICOM
The total assets of the country’s insurance industry have increased to N2.3 trillion in the second quarter of 2022, growing by 11.9 per cent or N200 billion from the second quarter of 2021.
The non-life business assets stood at...
Analysts Kick As CBN Loans To FG Hit N22trn
The Federal Government borrowed N1.46tn from the Central Bank of Nigeria through Ways and Means Advances in August 2022.
The total FG’s borrowing from CBN rose from N20.61tn in July 2022 to N22.07tn in August 2022.
According to...
Fed Govt Plans N854.8bn For Pensions, Gratuities In 2023
The Federal Government plans to spend N854.8bn on pensions, gratuities and retirees’ benefits in the 2023 budget.
President Muhammadu Buhari disclosed this while presenting the 2023 appropriation bill to a joint session of the National Assembly in...
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...
