Nigeria Faces Serious Debt Sustainability Risk - LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns that Nigeria faces serious fiscal sustainability risk over its national debt profile.
LCCI noted that the country’s debt-to-GDP ratio, which the government is using as a measure...
COVID-19: Financial Institution'll Fund N1.8trn Stimulus Package – FG
The Federal Government on Thursday said about N1.8tn of its N2.3tn COVID-19 economic stimulus package would be funded by financial institutions.
It also disclosed that about N288bn from the N500bn of the package funded through the 2021...
Customs Impound Explosives, Contrabands Worth N3.1bn
The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service (NCS), yesterday, said it has impounded 42 drums of explosives in the form of calcium carbide and other contraband worth N3.1billion smuggled into Nigeria from Benin Republic.
The...
States’ Cash Cruch: CBN Kicks As Govs Beg FG To Postpone $2.1bn Support Repayment
State governors on Thursday at the monthly meeting of the National Economic Council appealed to the Federal Government to postpone the repayment of the $2.1bn budget support facility to states which...
19 States Lack Automated IGR Collection System – Fed Govt
Only 17 states out of the 36 states of the federation have fully automated their Internally Generated Revenue collection systems, the Federal Government said on Thursday.
This implies that 19 states lack automated IGR collection systems.
The...
Senate Approves FG’s Request For $1.5bn, €995m External Loans
The Senate yesterday gave the federal government the nod to borrow a total of $2.7 billion out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in May last...
