World Bank Reviews $157bn Support To Nigeria, Others   The World Bank Group (WBG) has assessed its $157 billion support given to Nigeria and other developing economies to fight COVID-19 pandemic. Nigeria got $3.4 billion support from the bank in May to strengthen the economy and...

FG Raises CBN, PPPRA, Others’ 2022 Revenue Targets By N754.31bn   The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and Agencies in the 2022 fiscal period by N754.31bn. The N754.31bn indicates an increase of 71.09 per cent from the approved N1.06tn in...

Stock Market Investors Gain N95bn The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following renewed buying interest in 27 stocks. The NGX All-Share Index increased by 0.45 per cent to close at 40,896.96 basis points...

Global Oil Surge Pushes Daily Petrol Subsidy To N8.28bn   The rapid rise in global oil prices to record highs has pushed the subsidy cost being incurred by the Federal Government to N8.28bn daily, an analysis of data collated by our correspondent has shown. The data also...

FG Cuts JV Cash Call Arrears By Additional $300m, Outstanding Balance Slumps To $1.163bn   The federal government through the Nigerian National Petroleum Corporation (NNPC) has made an additional payment totalling $300,964,270 out of the Joint Venture (JV) cash call arrears owed some International Oil Companies...

Nigeria, Others Piled Up $860bn Debts In 2020 - W/Bank   Low income countries, including Nigeria, piled up a debt of $860 billion last year, following COVID-19 outbreak, the World Bank has said. In a report, the World bank said: “Governments around the world responded to the...