Fed Govt Disburses N195bn Export Grant To 270 Exporters       The Debt Management Office (DMO) has said that a total of N195 billion has been disbursed to 270 exporters under the Export Expansion Grant (EEG) programme of the federal government. However, the figure is lower than the...

Fed Govt October Bonds Oversubscribed By N205.87bn         The Federal Government of Nigeria Bonds were oversubscribed by N205.87bn. The Debt Management Office disclosed this after it conducted the monthly FGN bonds auction on Wednesday. Two instruments of 12.5 per cent FGN March 2035 re-opening 15-year bond and 9.8...

Fed Govt To Offer N30bn Bonds In October       The Debt Management Office has said that the Federal Government would auction N30bn worth of bonds by subscription on October 21. A circular by the DMO on Thursday showed the breakdown of the figure to include a N15bn...

FG Budgets N3.85trn for Capital Projects in 2021 The 2021 budget estimates submitted to the National Assembly by President Muhammadu Buhari has N3.85 trillion for capital projects. Minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed at the budget breakdown held in Abuja. Mrs Ahmed...

Manufacturers’ Unpaid Export Grants Hit N1.29trn       The Federal government owes exporters N1.29trn in outstanding export expansion grant for three years. The Manufacturers Association of Nigeria Export Promotion Group made this known on Thursday during the third Annual General Meeting of the group. Speaking on the sidelines of...

Nigeria’s Debt Fast Becoming Unsustainable, May Reach N34trn – LCCI       The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-end. The President,...