IMF: 93% of FG's Revenue In 2022 Will Be Spent On Interest The International Monetary Fund projected that Nigeria might pay 93 percent of its revenue to repay its debts by 2022. The Fund also predicted that by 2026, 139 per cent of the nation's income...

We Are Working On Incremental Fuel Subsidy Removal - FG The minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has hinted that the executive arm of government is proposing an incremental removal of fuel subsidy, as she stated that subsidy is a problem...

Real Sector Operators Call For Forbearance - 2021 Finance Act Operators in the Nigerian real sector have called on the ministry of Finance and Budget Planning to consider a period of moratorium on the implementation of the amendments in the 2021 Finance Act which imposes...

CBN Increases Currency In Circulation By N418bn   The Currency in Circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures obtained from the Central Bank of Nigeria. The CBN data showed that currency in circulation had increased by 19.06...

'Local Insurers Lose $60m Yearly To Foreign Vessels'   An Executive Partner, Alfam Insurance Plc, Gbolaham Adu, has said indigenous insurance companies lose about $60m of potential annual revenue to their foreign counterparts. According to him, this is because foreign-owned tankers lifting crude in the nation do...