In Five Years, Telecoms Sector Attracted $3.9bn Foreign Investments       Between 2015 and 2020, Nigeria’s telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct). The 2021 Telecommunications Industry report released by Agusto & Co, which revealed this, observed that this accounted for an average of...

Economic Growth May Regress If We Don’t Borrow — Ahmed       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the 5.01 percent Gross Domestic Product (GDP) growth recorded in the second quarter of 2021 will regress if the federal government does not...

Fed Govt Presents Budget October, Targets €3bn From Eurobonds       President Muhammadu Buhari may present the 2022 Appropriation Bill to a joint session of the National Assembly on a yet-to-be determined date in October. The Minister of Finance, Budget and National Planning, Zainab Ahmed, gave the hint...

We Spent N1.5trn On COVID-19 Management, Says Fed Govt       The federal government yesterday revealed that it spent over N1.5 trillion in managing the effects of COVID-19 in the country. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this during a media briefing...

65 Govt Agencies Have Never Been Audited - Reps       The House of Representatives Public Accounts Committee has said that 65 agencies have never been audited since they were created. Chairman of the committee, Oluwole Oke, said this at the opening of ‘National Workshop on Auditor-General’s Queries:...

Credit To Private Sector Increases By 6.68% To N32.8trn       With a significant percentage given to large corporates, multinationals and high end medium enterprises and no noticeable impact on the real sector, which concerns production, purchase, flow of goods and services, credit to private sector maintain...