Jigawa, Akwa-Ibom Lead as States Record $910m Forex Gain
No fewer than 13 state governments recorded significant Foreign exchange revaluation profits worth N71.59 billion in three months.
This was disclosed through data obtained from the third quarter budget implementation report (July to September) on each state’s...
Akwa Ibom, Rivers, Delta Lead As States Share N9.3trn In Three Years
The 36 states in Nigeria shared a total of about N9.3tn as federal allocation between June 2019 and December 2022, a period of 43 months, which formed the bulk of the second tenure...
Oil spills: Court orders CBN to release 82 billion judgment debt to Akwa Ibom communities
An absolute garnishee order has been granted to the Central Bank of Nigeria by Justice Taiwo Taiwo of the Federal High Court in Abuja, ordering the release of N81.9 billion...
Rivers, Lagos Lead as Public Debt Climbs to N33.1tn
Nigeria’s total public debt had a 0.58 per cent marginal increase from N32.916 trillion as of December 31, 2020 to N33.1 trillion ($87.239 billion by March 31, 2021, latest figures from the Debt Management Office...
'Ministry To Spend 70% Budget On East-West Road'
The Permanent Secretary of the Ministry of Niger Delta Affairs, Dr Babayo Ado, has disclosed that the Federal Government is working to ensure the completion of the East-West Road.
He said the ministry would spend 70 per cent...
Inflation Reverses 19-month Trend, Drops Marginally To 18.12%
Headline inflation fell to 18.12 percent in April representing 0.05 percent point year-on-year (YoY) decline when compared to 18.17 percent recorded in March.
This also represents the first decline in inflation since August 2019 when inflation rate stood...
