Fed Govt Recorded N488bn Fiscal Deficit In April – CBN     The Federal Government recorded a fiscal deficit of N488bn in April. The Central Bank of Nigeria disclosed this on Tuesday in its monthly economic report for the month of April. Part of the report read, “The fiscal...

FG To Auction N150bn Bonds Next Week     The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on August 19. A circular by the DMO on Tuesday showed the breakdown of the figure to include a N25bn 10-year reopening...

We’ve Identified Plans To Generate N18trn Revenue, Says FG     The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target. It also...

FG Records N1.46trn Revenue Deficit In Q1     Gross federally-collected revenue fell by 36 per cent or N1.46tn below the quarterly budget estimate in the first quarter of 2020. The Central Bank of Nigeria disclosed this in its quarterly report titled “Federation account operations,” obtained by our...

FG, States, LGs’ Borrowing From Banks Now N954.27bn   Bank loans to the different levels of government and the national economy have continued to grow steadily as the banking sector moves to put its non-performing loans under control. The total loans taken by the federal, states and...

Fed Govt Spends N464bn On Oil Joint Ventures     The Federal Government spent N464.2bn in the first three months of 2020 on oil and gas assets being developed through joint ventures with private firms, mostly international oil companies, the latest data from the Nigerian National Petroleum...