Petrol Subsidy Rises To N500bn       With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the...

Dangote Commits $700m To Sugar Production     The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According to a statement issued...

Fed Govt Recorded N485.51bn Fiscal Deficit In January – CBN       The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. to the monthly economic report for January released by the CBN on Friday, the low revenue performance...

FG Begins Commercialisation Of Federal Mortgage Bank       The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of the Federal Mortgage Bank of Nigeria. Part of the process was the inauguration of the Joint Technical Committee for the commercialisation of...

Large-scale Rice Millers Groan under Paddy Scarcity, by Salisu Na'inna Dambatta Nigeria's drive toward self-sufficiency in rice production as part of a multifaceted programme to deepen our national food security as enunciated by the administation led by President Muhammadu Buhari seem to be  under threat...

Fed Govt To Auction N150bn Bonds In April     The Debt Management Office on Wednesday disclosed that the Federal Government would offer N150bn bonds for subscription in April. A circular by the DMO on its website showed that the breakdown of bonds comprised of three bonds worth...