FG Raises CBN, PPPRA, Others’ 2022 Revenue Targets By N754.31bn   The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and Agencies in the 2022 fiscal period by N754.31bn. The N754.31bn indicates an increase of 71.09 per cent from the approved N1.06tn in...

CBN Backs Lagos Rail Project With N60bn Fund   The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lagos with N60bn intervention fund. The Director, Development Finance, CBN, Yusuf Philip, disclosed this in Lagos on Thursday, during an inspection of...

Nigeria Mulls Return To Eurobond Market For Additional Borrowing   The Federal Government is considering a return to the Eurobonds market for the balance of its $6.1bn external borrowing after it successfully raised $4bn in September. The Director-General of the Debt Management Office, Mrs Patience Oniha, gave...

Reps Summon Ahmed, Emefiele, Others Over Stalled Customs Project   The House of Representatives has mandated its Committee on Customs and Excise; Finance; Banking and Currency to invite Governor of the Central Bank of Nigeria, Godwin Emefiele; Controller-General of the Nigeria Customs Service, Col. Hameed Ali...

COVID-19 Pushes Global Debt To $256trn – IMF   The COVID-19 pandemic pushed global debt to a record $255 trillion in 2020, according to the International Monetary Fund (IMF). The Director, Fiscal Affairs Department of the Fund, Mr. Victor Gaspar, disclosed this during a virtual press conference,...

Reps Pass 2022 Budget For Second Reading   The House of Representatives on Thursday passed the 2022 budget of N16.39 trillion for second reading. This followed the conclusion of debate on on the general principles of the budget. The Senate, had also on Wednesday, passed the 2022 Appropriation...