CBN Loans Banks N595.34bn in Two Months   The Central Bank of Nigeria monthly economic report has revealed that banks borrowed N595.34bn from the CBN between January and February. The report showed that while N333.59bn was borrowed through the Standing Lending Facility in January, the amount reduced...

Senate Probe Health Ministry On Alleged N5.7bn Donor Funds Mismanagement   The Senate Public Account Committee has summoned senior management staff of the Ministry of Health to appear before it in order to explain how they managed the N5.7 billion grant from an international donor agency. Our...

VAIDS: FIRS, JTB Commence Enforcement On Defaulters   Following the expiration of the amnesty by the Voluntary Assets and Income Declaration Scheme (VAIDS), the Joint Tax Board (JTB), in collaboration with the Federal Inland Revenue Service (FIRS), would commence a “full scale Enforcement Exercise” on defaulting...

Nigeria’s $15.9bn Eurobonds Debts, MPC Worries Over Rising Figures The Monetary Policy Committee members of the Central Bank of Nigeria (CBN) have expressed concerns about the country's ability to service and repay its external and local debts due to the growing level of Nigeria's debt According...

In Three Months, FAAC Allocation Drops To N2.1trn   The Federation Account Allocation Committee allocation to the federal, state and local governments declined to 2.18tn between January to March 2022. Data collated from different reports of the National Bureau of Statistics showed that in January 2022, the...

Foreign Investments Into Nigeria Declines By $6.91bn — NBS   The National Bureau of Statistics, NBS, has said foreign investments into Nigeria had declined by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57billion in the corresponding quarter of 2022. The bureau...