W/Bank, AfDB Approved $2.83bn For Nigeria In 2021   The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021. However, the financing is not limited to the Nigerian government, as it also covers Nigerian agencies and firms. This was according...

Fed Govt To Spend 94% Of 2022 Revenue On Debt Servicing - Report   August&Co, a global research and credit rating institution, estimates that Nigeria will incur N4.7 trillion on debt serving this year. The amount is 94 per cent of its N5 trillion revenue projection for...

Rising Governance Cost, Recessions, Others Raise FG Spending By 183%   Rising governance cost, economic recessions necessitating higher government spending may have combined with other factors to raise Federal Government spending by 183 per cent in seven years. The Federal Government increased projected expenditure in its annual...

Foreign Portfolio Investments Declines By 40% To Five-year Low   Foreign portfolio investments in Nigerian stock market dropped by 40.4 per cent in 2021 to its lowest level in five years as the active participation of foreign investors in Nigerian market declined by 11 percentage points...

The Federation Accounts Allocation Committee (FAAC) has shared a total of N699.824 billion – being revenue that was generated in December – among the federal government, states and local government areas. This represents a N23.878 billion increase over the N675.946 billion distributed in the preceding...

IMF To Launch $50bn Lifeline For Nigeria, Others   The International Monetary Fund has said it is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries to help them build resilience to balance of payments shocks and set them on the path...