Fed Govt Approves N5bn Bailout For Aviation Sector         The Federal Government has said it will soon commence the disbursement of the N5 billion bailout it approved for the operators in the aviation sector. Minister of Aviation, Senator Hadi Sirika disclosed this on Monday at the opening...

Stock Market Records N2.7trn Gain In Two Months         Equity trading on the Nigerian Stock Exchange recorded a gain of N2.75tn in the last two months (September and October 2020) following investors’ high demand for undervalued stocks. Economic Confidential gathered that despite the #EndSARS protests and the...

MDAs Must Remit Operating Surplus To Federation Account - Lawmakers       The House of Representatives has called ministries, departments and agencies to remit all Internally Generated Revenue due to the Federal Government coffers for proper funding of the 2021 budget. Chairman of the House Committee on Healthcare...

Oil Price Rises By 2% After Falling To $36       The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election. Brent, against which Nigeria’s oil is priced, had fallen more...

Fed Govt Recorded N409.39bn Fiscal Deficit In August – CBN       The Federal Government recorded a fiscal deficit of N409.39bn in August, even as its total federally collected revenue rose by 2.7 per cent to N767.55bn. The federally collected revenue generated in August was, however, below the...

Foreign Reserves Declined To $35.69bn In October       The country’s foreign reserves fell to $35.689bn as of the end of October, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed that the reserves which was $35.72bn as of the end of September lost...