Foreign Portfolio Investments Rose By 10% In H1, 2022   Foreign investors’ participation in the nation’s investment market saw a modest recovery in the first half with proportionate increase in inflows from global investors. The latest report on foreign portfolio investments (FPIs) obtained at the weekend showed...

FG To Implement Telecoms, Beverage Taxes Next Year   The Federal Government through the Budget Office of the Federation has revealed that it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023. This is despite backlashes from the Minister of...

Foreign Investment Outflow On NGX Rises To N122.97bn   As uncertainty continued to mount over general elections and global economic unrest, foreign investment outflow on the Nigerian Exchange Limited (NGX) increased to N122.97billion in first half (H1) of 2022, representing an increase of 5.4 per cent...

Fed Govt Pays N405bn Interest On CBN Loans   The Federal Government paid an interest of N405.93bn from January 2022 to April 2022 on the loans it got from the Central Bank of Nigeria through the Ways and Means Advances. This is according to data obtained from...

FG Says 1.9m Vulnerable Nigerians’ll Get N38bn Grants   More than 1.9 million vulnerable Nigerians are to benefit from about N38bn being disbursed as grants of N20,000 each to beneficiaries under the Grant for Vulnerable Groups programme of the Federal Government. Data released in Abuja on Friday...

NDLEA Seized Over N130bn Worth Of Drugs In 17 Months   The National Drug Law Enforcement Agency (NDLEA) says that between January 2021 to May 2022, the agency has seized over 3.5million kilograms of hard drugs. The Director, Media and Advocacy, NDLEA, Femi Babafemi, in an exclusive...