In Four Years, AMCON Gulped N654bn From 12 Banks As Sector Resolution Funds   With the growing assets due to business expansions, among other factors, Assets Management Corporation of Nigeria (AMCON) between 2020 and 2017 has collected N6654billion from 12 banks operating in the country. The 12...

Jonathan Handed to Buhari $28.6bn Foreign Reserves, $5.6bn Dividends and N4tr Budget in 2015 - Chidoka A former Minister of Aviation, Osita Chidoka, has countered the Minister of Transportation, Rotimi Amaechi, over comments that the money left behind by the administration of ex-president Goodluck Jonathan...

FG Trades N72.4bn Solid Minerals In Q3, 2021   The National Bureau of Statistics (NBS) has said Nigeria traded a total of N72.4 billion solid minerals in the third quarter (Q3) of 2021. “The total value of solid minerals trade in Q3 2021 stood at N72.4 billion,”...

FRC Targets N3trn Operating Surplus From MDAs In 2022   The Fiscal Responsibility Commission (FRC) is targeting no less than N3 trillion operating surplus from Ministries, Departments and Agencies (MDAs) next year. When realised, such funds will be remitted into the Federal Government Consolidated Revenue Funds in...

Senate Panel Insists PEF Hasn’t Remitted Interest On Fixed N34bn     The Senate’ Committee on Public Accounts has insisted that the Petroleum Equalisation Fund, now Nigeria Midstream and Downstream Petroleum Regulatory Authority, must account for the bank interest on the N34bn placed in a fixed deposit...

FG Raises N2.7trn Through FGN Bonds, N8.09bn Via Savings Bond In 2021   Data released by the Debt Management office (DMO) has showed that the federal government in 2021 raised N2.72 trillion through FGN Bonds as well as the N8.09 billion through Savings Bond. This is as...