CBN,NDIC, SEC Partner To Simplify Bank Recapitalisation The Central Bank of Nigeria (CBN) the Securities and Exchange Commission (SEC) and the Nigeria Deposit Insurance Corporation (NDIC) have joined forces to streamline the bank recapitalisation process, aiming to enhance efficiency and transparency within the financial sector. In...

Oil Production Fell by 160,000bpd in Q2 – NBS Nigeria’s daily oil production shrank by 160,000 barrels per day in the second quarter of 2024. This was contained in a report released by the National Bureau of Statistics (NBS). Within these three months, the NBS stated that...

The Central Bank of Nigeria (CBN) has just revealed its plan to issue N2.20 trillion in treasury bills during the fourth quarter (Q4) of 2024, matching the amount set to mature from September to November this year. 

The International Monetary Fund (IMF) is advising the Federal Government of Nigeria to sustain its ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift the majority of citizens out of poverty. 

REA Announces Completion Of N28.7bn Projects From 2023 Budget   The Rural Electrification Agency (REA) yesterday said it has completed N28.7 billion projects out of its N31.7 billion allocation in 2023. Its Acting Managing Director, Engr. Abba Aliyu said this during the presentation of REA 2023...

'FG Spending Exceeds Revenue by 225%' A report by BudgIT, an accountability firm, has revealed that the Federal Government spent three times its revenue in 2023, resulting in a deficit of N13.50tn. In its analysis of the 2023 fiscal accounts from the Office of the Accountant-General...