FRC Facilitates Over N600bn Revenue Increment   The Fiscal Responsibility Commission (FRC) said it has facilitated over N600 billion revenue increment for the federal government. The chairman of the commission, Chief Victor Muruako, disclosed this during the opening of a five-day capacity building session for the chairmen...

FAAC Shares N590.546bn Revenue To FG, States, LGCs For February, 2022   The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued...

CBN's MPC Blames Rising Inflation on Fuel, Hikes In Electricity Tariff The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has blamed the hike in energy prices for the rising inflation rate experienced within the country in February 2022. In a communique released...

CBN Retains Monetary Policy Rate At 11.5 Percent   The Monetary Policy Committee (MPC) has decided by a vote of six members against four to retain all monetary instruments around the Monetary Policy Rate at 11.5 per cent. The apex bank held the asymmetric corridor of +100/-700...

In One Year, EFCC Recovers N152bn, $386m; Records 2,220 Convictions By Abdulrahman Abdulraheem The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Monday said the Commission had within the last year, secured an unprecedented conviction record of 2, 220 and...

Gencos Put NBET Debts At N1.64trn, Counters Purchase Agreements Power generation companies on Sunday said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company Plc that only five Gencos had active Power Purchase Agreements in Nigeria. Speaking...