Fed Govt To Auction N150bn Bonds In May
The Debt Management Office on Tuesday disclosed that the Federal Government would offer N150bn bonds for subscription in May.
A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50bn...
AfDB To Invest $3bn In Africa’s Pharmaceutical Industry
The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years.
President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common...
NSIA Revenue Increases By 343% To N160bn
The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn.
It said this was disclosed in its Audited...
Nigeria Earned N496bn From VAT In Three Months — NBS
The federal government’s Value Added Tax (VAT) collections rose to N496.39 billion in the first quarter of 2021 from the N454.69bn realised in the fourth quarter of 2020, according to the National Bureau of Statistics...
Senate Moves To End MDAs Frivolous Spending
The Senate on Monday stated its commitment to amend the Fiscal Responsibility Act this year.
The Chairman, Senate Committee on Finance, Senator Solomon Adeola, stated this on Monday at an investigative hearing undertaken by his panel with federal ministries...
Govt-owned Agencies Didn’t Remit N2trn To Federation Account - Senate
The Senate Committee on Finance has raised the alarm that some government-owned agencies has failed to remit over N2tn to the federation account from 2014 till date.
The Chairman of the Committee, Senator Solomon Adeola, stated...
