Senate To AGoF: Sanction Officers Involved In $274.2m External Loan Losses
The Senate has asked the Accountant General of the Federation, Ahmed Idris, to identify and sanction his officers who were allegedly responsible for the $274.2m (N54.1bn) which Nigeria lost on external loans transaction.
The red...
External Reserves Decline By $180m In Two Weeks
The country’s external reserves lost $180m in two weeks, the latest figures obtained from the Central Bank of Nigeria showed on Sunday.
According to the figures, the reserves, which stood at $33.28bn on July 1, dropped to $33.09bn...
Fed Govt Floats N150bn Long-Term Bonds
The federal government, through the Debt Management Office (DMO), has re-issued N150 billion long-term bonds for public subscription.
According to the agency, the offers which are in three segments are in accordance with the DMO (Establishment) Act 2003 and the...
Power Firms Still Unable To Deliver Despite N1.5trn Funding
The power firms, mostly private entities, may have gotten about N1.5 trillion funds from the Central Bank of Nigeria (CBN) in the past seven years, helping the sector stay afloat.
However, experts and power consumers are worried...
In Five Years, Nigeria Lost $10.8bn In Telecom Sector
Nigeria lost $10.8bn in the last five years to capital flight in the telecommunications sector amid lingering foreign exchange scarcity in the country.
In its ‘National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications...
Two Million Farmers To Recieve N12.3bn Subsidy From FG
Over 2.2 million farmers are to receive about N12.3bn as agricultural subsidy from the Federal Government in coming weeks, it was gathered on Sunday.
Presidency officials confirmed that President Muhammadu Buhari had already approved a N6.15bn agricultural...
