Thursday, July 28, 2022

Why Reps Probe 5-Year Fuel Subsidy, Allege N2.9tr Diversion

Why Reps Probe 5-Year Fuel Subsidy, Allege N2.9tr Diversion The House of Representatives has set up an ad hoc committee to investigate the petroleum products...
Central Bank of Nigeria

Credit to Private Sector Hits N3.01trn In Five Months

Credit to Private Sector Hits N3.01trn In Five Months   With the Central Bank of Nigeria (CBN) retaining 65 per cent minimum Loan-to-Deposit Ratio (LDR), among...
Zainab Shamsuna Ahmed, Finance Minister

FG’s Borrowing From Local Investors Rises By 21% In H1, 2022

FG’s Borrowing From Local Investors Rises By 21% In H1, 2022   The Federal Government borrowed N4.2 trillion from local investors in the first half of...
David Malpass, World Bank President

World Bank Says Fuel shortage, Inflation’ll Weaken Nigeria’s Economic Growth

World Bank Says Fuel shortage, Inflation’ll Weaken Nigeria’s Economic Growth   The World Bank has said that fuel shortage and rising inflation will likely restrain economic...

TETFund: N185bn Spent On Training 35,000 Nigerian Scholars

TETFund: N185bn Spent On Training 35,000 Nigerian Scholars A total of N185 billion has been expended on the training of 35,000 Nigerian scholars by the...
National Bureau of Statistics

All-commodity Terms Of Trade Drops By 0.14% in Q1, 2022

All-commodity Terms Of Trade Drops By 0.14% in Q1, 2022   The National Bureau of Statistics (NBS) said that the All-commodity Terms of Trade (TOT) index...
Zainab Ahmed, Minister of Finance

Report Says Nigeria’s Budget Transparency Increased By 45%

Report Says Nigeria’s Budget Transparency Increased By 45%   The transparency level of the federal government’s budget has moved upwards to 45 per cent, a report...
David Malpass, World Bank President

States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank

States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank   The World Bank has said that Nigerian states will likely lose N18.8bn...
Bonds

Investment In FGN Savings Bonds Rise By 53% To N7.5trn

Investment In FGN Savings Bonds Rise By 53% To N7.5trn   Investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5...
Director General of DMO, Patience Oniha

Debt Servicing Doubles, Hits N896bn In Three Months – DMO

Debt Servicing Doubles, Hits N896bn In Three Months – DMO   Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn. As a result, the...
Bad Roads

FG, World Bank, AFD to spend $575m On Rural Roads

FG, World Bank, AFD to spend $575m On Rural Roads   The Federal Government has signed a tripartite agreement with the World Bank and the French...
David Malpass, World Bank President

Nigeria’s Public Debt, Others Hit 50-year High – World Bank

Nigeria’s Public Debt, Others Hit 50-year High – World Bank   The World Bank Group has said that public debt in Nigeria and other low- and...
Central Bank of Nigeria

FG’s Spending On Pension, Gratuity Drops To N356bn – CBN

FG’s Spending On Pension, Gratuity Drops To N356bn - CBN   The Federal Government’s expenditure on pension and gratuity fell slightly by N3.48bn in 2021, according...
Central Bank of Nigeria

Nigeria’s Forex Reserves To fall, CBN Plans $1.7bn Arrears Payment

Nigeria’s Forex Reserves To fall, CBN Plans $1.7bn Arrears Payment   Nigeria’s forex exchange reserve will fall in 2022 as the Central Bank of Nigeria (CBN)...
Fuel Subsidy

Subsidy Overtakes Nigeria’s Health, Education, Welfare Budgets

Subsidy Overtakes Nigeria's Health, Education, Welfare Budgets   The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health,...
Court Judiciary Justice

Nigeria Loses $1.7bn Court Case Against JP Morgan

Nigeria Loses $1.7bn Court Case Against JP Morgan   Nigeria has lost a $1.7 billion London court case against JP Morgan Chase & Co for the...
The Managing Director of FAAN, Capt Rabiu Yadudu

Nigeria Lost N1.04trn Aircraft Repairs In Foreign Countries – FG

Nigeria Lost N1.04trn Aircraft Repairs In Foreign Countries – FG   Nigeria lost $2.5bn (about N1.04tn at the official exchange rate of N415.63/$) to other countries...
Aisha Umar Dahir, PenCom DG

Contributory Pension Gains N640bn In Four Months, Now N14trn

Contributory Pension Gains N640bn In Four Months, Now N14trn   Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn in...
David Malpass, World Bank President

World Bank Predicts More Hardship For Nigerians Over Rising Inflation, Power Cut, Fuel, Food...

World Bank Predicts More Hardship For Nigerians Over Rising Inflation, Power Cut, Fuel, Food Shortage   The World Bank has predicted more hardship of Nigerians and...
Insurance

Nigerian Insurance Sector Records 15.68% Growth In Q1, 2022

Nigerian Insurance Sector Records 15.68% Growth In Q1, 2022     The Nigerian insurance sector grew by 15.68 per cent in the first quarter of the 2022...