Court Dismisses AMCON's Suit Against Nigerian Senator Over Alleged N600m Debt           A Federal High Court in Abuja on Thursday lambasted the Asset Management Corporation of Nigeria (AMCON) for fraudulently obtaining an order to seize houses belonging to one Senator Buhari Abdulfatai over alleged N600M debt. Justice...

Import Index Rose By 1.07% In Q2 – NBS           The All- commodity group import index on average grew marginally by 1.07 per cent, driven mainly by products of the chemical and allied industries, wood and articles of wood, wood charcoal and articles, paper making material;...

Nigeria Recorded N2.29trn Fiscal Deficit In Q1, 2021             Nigerian economy took a battering in the first quarter of 2021 as the country recorded a fiscal deficit of N2.293 trillion or 6.43 percent of the year’s quarterly GDP. The Budget Office of the Federation (BoF) in its...

W/Bank Says Nigeria, 39 Others May Not Attain Pre-COVID-19 GDP Levels By 2026             The World Bank has said that Nigeria and 39 other countries may not return to pre-COVID-19 levels of Gross Domestic Product per capita even by 2026 despite projected rates of economic growth. It...

Senate Passes MTEF/FSP, Okays Buhari’s N4.89trn Borrowing Plan             The Senate on Wednesday passed the 2022-2024 Medium Term Expenditure and Fiscal Strategy Paper, retaining all the assumptions and projections submitted to it by president Muhammadu Buhari in July. The red chamber retained the exchange rate of N410.15...

House Of Reps Receives MTEF Report           The House of Representatives on Wednesday recieved the report of its Committee on Finance on the Medium Term Expenditure Framework and Fiscal Strategy Paper(MTEF) for 2022 to 2024. The MTEF/FSP is the template on which the annual budget preparation is...