Fed Govt Excessive Borrowing From CBN Threatens Exchange Rate, Others   The Federal Government’s excessive borrowing from the Central Bank of Nigeria through the Means and Ways Advances window can have adverse effects on the apex bank’s monetary policy and subsequently harm domestic prices and exchange...

Fed Govt Spent $1.68bn On Food Imports In 9 Months   The Federal Government spent $1.68 billion on food importation between January and September in 2021. This was contained in a Central Bank of Nigeria (CBN) report on sectoral utilisation of foreign exchange for the third quarter...

FG Targets 308% Increase In Mining Revenue, 144,000 Jobs   The Federal Government has disclosed plans to increase the mineral sector’s contribution to the economy by growing revenue generated from mining to N9.28bn by 2025. Figures contained in the National Development Plan obtained by Economic Confidential showed...

LCCI To FG: Enforce Ban On Foreign Drinks   The Lagos Chamber of Commerce and Industry has urged the Federal Government to protect domestic manufacturers from unfair competition by foreign companies in the face of the high cost of production that will be triggered by the...

FG Releases N31.97bn For Retirees’ Accrued Pension Rights     The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies. PenCom, in a statement on Thursday titled ‘Federal government releases funds for payment of accrued...

Fed Govt Plans N250bn Lifeline For MSMEs   The Federal Government plans to disburse N250bn as loans to Medium-scale, Small and Micro Enterprises to boost job creation across the country. According to the National Development Plan 2021–2025 (Volume II), the Federal Government plans to increase loan disbursements...