$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks. Reports have put CBN’s forward contract obligations to banks at $7bn....

N585m Saga: Payment into Individual Account Illegal - AGF Disowns Betta Edu The controversy surrounding the attempt by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, to send public funds into a private account reached a new height on Saturday afternoon as...

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...