N3bn Saga: Betta Edu Confirms Authorising Payment of N585 Public Funds into Private Accounts The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has confirmed making a request to the Accountant General of the Federation, Oluwatoyin Sakirat Madein, to send public funds into a...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in the third quarter (Q3) of 2023. Foreign investors brought in their investments only into Lagos, FCT, Abia, Ogun, Akwa-Ibom and Ekiti...

JUST IN: Tinubu Signs N28.7trn 2024 Budget Into Law   President Bola Tinubu on Monday afternoon signed into law the 2024 Appropriation Bill at the State House, Abuja. Tinubu signed the N28.7tn budget document earlier approved by the National Assembly hours after he arrived in Abuja from...

FDI Drops By $471m in Five Years – NBS   Foreign Direct Investments (FDI) into Nigeria declined by $470.8m in the last five years. This followed analyses of different Capital Importation reports published by the National Bureau of Statistics (NBS). According to Investopedia, FDI is an ownership stake...

UPDATE: Key Fundamentals of N28.7trn 2024 Appropriation Bill Passed by Senate   The Nigerian Senate has passed the 2024 Appropriation Bill. The Senate also increased the bill by a total of N1.2tn, moving the budget from the N27.5tn submitted by President Bola Ahmed Tinubu to N28.7tn. The budget...

JUST IN: Senate Passes N28.7tn 2024 Appropriation Bill   The Nigerian Senate has passed an appropriation bill of N28.7tn for 2024. The Red Chamber passed the bill at the plenary held on Saturday. President of the Senate, Godswill Akpabio, assured that the bill will be transmitted to President...