Fed Govt Excessive Borrowing From CBN Threatens Exchange Rate, Others   The Federal Government’s excessive borrowing from the Central Bank of Nigeria through the Means and Ways Advances window can have adverse effects on the apex bank’s monetary policy and subsequently harm domestic prices and exchange...

Senate Begins Probe On N14.7bn PHCN Privatisation Fund In Secret Accounts     The Senate Committee on Public Accounts has begun investigation of N14.7bn proceeds of privatisation of the defunct Power Holding Company of Nigeria allegedly hidden in commercial banks by the Bureau of Public Enterprise. The committee...

N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments - MAN   The Manufacturers Association of Nigeria said on Thursday that the introduction of excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages will make Nigeria lose investments to other countries. The Minister of...

Fed Govt Rakes In N8.6trn From Customs, FIRS In 2021   The federal government has realized the sum of N8.6trn as taxes for the year 2021. Data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2...

FG Releases N31.97bn For Retirees’ Accrued Pension Rights     The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies. PenCom, in a statement on Thursday titled ‘Federal government releases funds for payment of accrued...

Buhari, Experts Disagree On Borrowings As Debt Servicing Gulps 76% Of Revenue   The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum represents 76.2 per cent of the N5.51tn revenue generated during the period under review. The...