RMAFC Holds Meeting On Revenue Allocation           The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has said it will hold a meeting from today in Lagos and six other States as part of the revenue allocation formula review process. In a statement Sunday, RMAFC said a two-day...

FG Lists Fresh Savings Bonds On NGX           The Federal Government at the weekend listed its latest monthly issuances of savings bonds on the Nigerian Exchange (NGX) Limited, paving the way for investors to trade on the bonds issued in September 2021. The Debt Management Office (DMO),...

IMF Cautions As Crypto Market Value Surpasses N820trn         Financial experts with the International Monetary Fund (IMF) have called for caution and regulation as the total market value of all the crypto assets surpassed $2 trillion (N820 trillion) – a 10-fold increase since early 2020. The experts,...

Senate Summons FAAN MD Over N1.5bn Indebtedness To NiMeT           The Senate has summoned the Managing Director of the Federal Airport Authority of Nigeria, Rabiu Yadudu, to explain his agency’s alleged failure to remit N1.5bn meant to be the the internally generated revenue of the Nigeria...

COVID-19: World Bank Okays $11.5bn For Nigeria, Others           The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations. The World Bank said this in its ‘Annual Report 2021: From crisis to green, resilient, and inclusive recovery’. The bank...

Nigeria Spent N445bn On Debt Servicing In Q2, Debts Hit N35trn           Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown. From April to June 2021, Nigeria spent N322.7bn on domestic...