'Why Fed Govt Expenditure Fell To N781bn In August'     The Federal Government’s expenditure fell by 18.76 per cent to N781.61bn in August as a result of compression in capital spending relative to their budget. A member of the Monetary Policy Committee, Prof. Adeola Adenikinju, disclosed this...

W/Bank Disagrees With CBN On Multiple Exchange Rates   The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank, Shubham Chaudhuri, said this to our...

Senate Panel Rejects Buhari’s $700m Loan Request   The Senate Committee on Local and Foreign Debts on Wednesday rejected President Muhammadu Buhari’s loan request to the National Assembly for the Sustainable Urban and Rural Water Supply, Sanitation and Hygiene project under the Ministry of Water Resources. The...

PenCom Recovers N19.29bn Unremitted Pensions   The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Figures obtained from PenCom’s quarterly report on Tuesday showed...

Amid Complaints, eNaira App Hits 100,000 Downloads In 24hrs   The eNaira speed wallet applications recorded over 100,000 downloads from the Google Store in 24 hours after the digital currency was launched on Monday, even as some users complained about some glitches. Aside from the Google Store,...

Nigeria’s Per Capita Income Same In 40 Years, Says W/Bank     The World Bank’s Country Director for Nigeria, Shubham Chaudhuri says the country’s per capita income is at the same level as 1981. Speaking on Monday during a panel session at the 27th Nigerian Economic Summit (NES#27),...