FG Offers 9.2% Return For New Three-year Savings Bonds   The Federal Government has opened application list for the June tranches of its monthly retail bond issuance, otherwise known as Federal Government of Nigeria Savings Bond (FGNSB). The Debt Management Office (DMO), which oversees government’s debt issuance...

 Despite Unstable Power, Discos Generated N2.4trn   The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the National Bureau of Statistics (NBS) has revealed. According to the NBS, revenue generated by the DisCos in 2015 stood at N278.89...

NEPZA, FIRS Sign Pact On Tax Administration In Free Trade Zones   The Nigeria Export Processing Zones Authority (NEPZA) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) for effective administration of taxes in the free trade zones. Signing the MoU on...

Nigeria’s Public Debt Increases By N2.04trn in Q1, 2022   The Debt Management Office (DMO) said on Tuesday that Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December 2021. This shows an increase of N2.04tn within a...

Nigerians Spent N74bn To Import Motorcycles In Q1, 2022   As the Lagos State Government clamps down on commercial motorcyclists and while some states try to regulate their activities, the National Bureau of Statistics (NBS) has said N74 billion was used to import motorcycles in the...

FG Suspends $950m Eurobond Borrowing Over Pricing   The Federal Government has shelved plans to raise about $950m selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising, The Minister of Finance, Zainab Ahmed, has said. Ahmed had said in April...