National Assembly Passes N13.58trn Budget For 2021         The National Assembly, Monday passed the 2021 Appropriation Bill to the tune of N13, 588, 027,886, 175 trillion as an aggregate expenditure. The approval was done during an emergency session convened for the purpose of passing the budget. The approved...

2021 Economy Outlook And CBN’s Solutions         The year 2021 is literally here. Suddenly it has become the year for a magic which was initially expected for 2020, but which disappointed due, obviously, to the public health crises of COVID-19 that practically pressured all economies, including...

Inflation May Peak At 15.62% In Q2, 2021 — CBN Report       The inflation rate in Nigeria is expected to further rise from the current 14.23 per cent to 15.62 per cent in the next six months, a monthly Central Bank of Nigeria (CBN) survey of...

Nigeria To Earn More Oil Revenue In 2020 Than Estimated - NEITI       Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more before the year ends, the Nigeria Extractive Industries Transparency Initiative (NEITI) has stated. The...

Budget: Fed Govt To Spend N12.657trn In 2021     The federal government is to spend the sum of N12. 658 trillion in 2021, going by the 2021 budget which is being prepared by the Federal Ministry of Finance. According to the Budget Call Circular referenced HMFBNP/2000/EXP/S.800/1/3/35 by...

NAICOM Sets Insurance Recapitalisation Deadline to September 30, 2021 The National Insurance Commission (NAICOM) has set September 30, 2021 as new deadline for insurance and re-insurance firms' recapitalization in the country. The development is contained in a new circular made available to Economic Confidential in Abuja. The...