We Have Improved Infrastructure, Revenue Despite High Borrowing – DMO   The Debt Management Office (DMO) has said that criticism of the federal government’s borrowings have failed to take into account the level of infrastructure and improved generation strategies. In a statement on its website Sunday, which...

Banks’ Forex Ban: Dollar Scarcity, Inflation, Firms’ Closure Imminent, Experts Warn   Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the sale of foreign exchange to Deposit Money Banks by December this year. The economists, who...

FAAN Remits 16.7bn To FG, Proposes N188bn 2022 Budget   The Federal Airports Authority of Nigeria (FAAN) has remitted N16.7 billion into the consolidated revenue fund of the Federation Account for the year 2021, the authority has disclosed. The Managing Director of FAAN, Capt Rabiu Yadudu, said...

Reps To Invite Ministers, NNPC, Others In Refineries, Fuel Consumption Probe   The House of Representatives Ad Hoc Committee on the State of Refineries in Nigeria is billed to invite top Federal Government officials, regulators, marketers, workers’ unions, oil companies, and other stakeholders in the petroleum...

Insecurity: Private Sector Raises Fresh N100bn To Support FG   The Coalition Against COVID-19 has disclosed plans to provide N100bn to the Federal Government to assist security agencies tackle the current spate of insecurity in the country. The Chairman of the United Bank for Africa, Tony Elumelu...

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has said funding FCT budget entirely from Internally Generated Revenue (IGR) sources was possible, with the collaboration of other revenue generating agencies. This is contained in a statement issued on Sunday, in Abuja, signed by Mustapha Sumaila,...