Govt Agencies Budget N12.2bn For Sewage, Cleaning, Fumigation Services
Some agencies of the Federal Government have proposed to spend N12.2bn on sewage, cleaning and fumigation in the 2022 fiscal year, data obtained from the budget proposal have shown.
President Muhammadu Buhari has in October presented to...
Fed Govt’s Deficit Spending Rises By 51% To N5trn
The deficit spending of the Federal Government, FG, rose by 51 per cent, year-on-year, YoY, to N5.1 trillion in seven months to July 2021, driven by rising non-discretionary spending on security and COVID-19 mitigation measures.
The rise...
Fed Govt May Extend 2021 Budget Implementation To Next Year
The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following the inability of many ministries and agencies to conclude their procurement process until the last...
Nigeria’s Exchange Rate Strategy Discourages Investors, Increases Inflation – W/Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country
The bank disclosed this in the November edition of its Nigeria Development Update.
While highlighting the role...
FG Lists N418m New Savings Bonds
The Federal Government has listed its latest issuances under its Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Exchange (NGX) Limited. The listing of the two tranches of the FGNSB issued earlier this month paved the way...
Diaspora remittances to Nigeria rose from $5m per week in June 2020 to over $100m per week in October 2021.
The (CBN) Governor, Godwin Emefiele, made this known this while giving his keynote address at the 56th Chartered Institute of Bankers of Nigeria Annual...
