Currency In Circulation Rises To N2.84trn - CBN   The currency in circulation rose by N58.36bn to N2.84tn in September from N2.79tn in August, the latest figures obtained from the Central Bank of Nigeria showed on Sunday. The currency in circulation rose to N2.81tn in July from...

PTAD Pays N7bn As Pension Gratuities In Two Years   The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, has said that over N7 billion has been paid as pension gratuities in the last two years. Dr Chioma revealed this at the weekend at the...

World Bank Reviews $157bn Support To Nigeria, Others   The World Bank Group (WBG) has assessed its $157 billion support given to Nigeria and other developing economies to fight COVID-19 pandemic. Nigeria got $3.4 billion support from the bank in May to strengthen the economy and...

Why Debt Service To Revenue Ratio Is High – Fed Govt   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has blamed Nigeria’s high debt service to revenue ratio on the large expenditure base of the country. Ahmed, in an interview with Bloomberg on...

Power Firms’ Quarterly Revenue Hits N181bn On Tariff Hike   Buoyed by the hike in electricity tariff, the revenue collected by power distribution companies in Nigeria rose by 42.3 per cent in the first quarter of this year, compared to the same period of 2020. The revenue...

Omo-Agege Says National Assembly'll Pass 2022 Appropriation Bill Before Dec 16   The Deputy President of the Senate, Senator Ovie Omo-Agege, has declared that the National Assembly would pass the 2022 Appropriation Bill presented to it last Thursday by President Muhammadu Buhari before December 16, this...