JAMB Remits N3.51bn 2021 Operating Surplus     The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus. The 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of...

President Muhammadu Buhari has said 1.5 trillion dollars is the cumulative estimated amount needed by Nigeria over a ten-year period, to achieve an appreciable level of the National Infrastructure Stock. President Buhari gave the figure in Glasgow at a COP 26 high-level...

DMO To Issue N250bn Sukuk For Road Projects   The Debt Management Office says it is set to issue another sovereign sukuk this year for an expected amount of N200bn to N250bn to finance critical road projects across the country. It disclosed this in a statement on...

Reps To Invite CBN As Accountant-General Pegs Exchange Rate At N425     The House of Representatives’ Committee on Finance has resolved to invite the Central Bank of Nigeria over an allegation by the Office of the Accountant-General of the Federation that the apex bank collects charges...

Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years     The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years, according to data collated from the National Bureau of Statistics. According to the NBS, PAYE...

Merchant, Commercial Banks’ Borrowing From CBN Drops By 33.2% In October   Following the improvement in business activity in the country, commercial and merchant banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 33.2 per cent to N505.3billion in October as against N756.37billion in...