Financial

Currency In Circulation Rises To N2.84trn - CBN   The currency in circulation rose by N58.36bn to N2.84tn in September from N2.79tn in August, the latest...

PTAD Pays N7bn As Pension Gratuities In Two Years   The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, has said that over N7...

World Bank Reviews $157bn Support To Nigeria, Others   The World Bank Group (WBG) has assessed its $157 billion support given to Nigeria and other developing...

Why Debt Service To Revenue Ratio Is High – Fed Govt   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has blamed Nigeria’s...

Power Firms’ Quarterly Revenue Hits N181bn On Tariff Hike   Buoyed by the hike in electricity tariff, the revenue collected by power distribution companies in Nigeria...

Omo-Agege Says National Assembly'll Pass 2022 Appropriation Bill Before Dec 16   The Deputy President of the Senate, Senator Ovie Omo-Agege, has declared that the National...

FG Raises CBN, PPPRA, Others’ 2022 Revenue Targets By N754.31bn   The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and Agencies...

CBN Backs Lagos Rail Project With N60bn Fund   The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lagos...

Nigeria Mulls Return To Eurobond Market For Additional Borrowing   The Federal Government is considering a return to the Eurobonds market for the balance of its...

Reps Summon Ahmed, Emefiele, Others Over Stalled Customs Project   The House of Representatives has mandated its Committee on Customs and Excise; Finance; Banking and Currency...

COVID-19 Pushes Global Debt To $256trn – IMF   The COVID-19 pandemic pushed global debt to a record $255 trillion in 2020, according to the International...

Reps Pass 2022 Budget For Second Reading   The House of Representatives on Thursday passed the 2022 budget of N16.39 trillion for second reading. This followed the...

Reps Give Banks 14 Days To Remit N10bn Customs Duties To FG     The House of Representatives Committee on Customs has given two weeks ultimatum to...

National Development Plan Implementation To Gulp N350trn – FG The Federal Government has said that the 2021 National Development Plan will require a total of...

Reps Fault Budget Deficit, Loans, Threaten MDAs     The House of Representatives on Wednesday began the second reading of the 2022 Appropriation Bill during which members...

IMF Increases Nigeria’s 2021 Growth Prospect To 2.6%   The International Monetary Fund has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent...

Senate Concludes Debate On 2022 Budget The Senate will on Wednesday (today) conclude its debate on the general principles of the 2022 Appropriation Bill which...

Fed Govt To Auction N150bn Bonds In October The Debt Management Office said on Tuesday that the Federal Government will offer N150bn bonds for subscription...

Fed Govt Targets $150bn From Special Agro-Processing Zones   The federal government on Tuesday said the proposed Special Agro-Processing Zones (SAPZs) by the African Development Bank...

Senate Probes Budget Office Over N19bn Payment Without Approval   The Senate on Tuesday commenced investigation into alleged illegal payment of N19bn to four federal agencies,...