FG To Convert N10trn CBN Financing To 30-year Debt     The Federal Government has set the terms for the conversion of its stock of Central Bank of Nigeria (CBN) overdrafts into long-term notes in a bid to create transparency around its dependence on that source of...

Fed Govt’s February Bonds Oversubscribed By N39.51bn – DMO       The Federal Government’s bonds for February worth N150bn which were auctioned on Wednesday were oversubscribed by N39.51bn, the Debt Management Office, said on its website. The total subscription received from investors for the bonds was N189.51bn, comprising...

FG To Redeem Debts Owed States With Over N31.4bn       The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its obligations to service its debts. The state governments will be credited with N31,440,652,571 tomorrow when the promissory notes issued to them...

Petrol Retailers Seek Collaboration With FG On Refineries’ Repair       The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed its readiness to collaborate with the federal government in revamping the four non-functional refineries in the country if called upon by the federal government. The...

FG Urges IOCs To Embark On New Oil Projects       International Oil Companies operating in the country have been urged to embark on new projects despite the delay in the passage of the Petroleum Industry Bill. The Nigerian Content Development and Monitoring Board, an agency in the...

Fiscal Deficit Rose To N620.49bn In November – CBN         The Federal Governments’ fiscal deficit rose by N208.14bn to N620.49bn as of the end of November from N421.35bn at the end of October. The Central Bank of Nigeria disclosed this in its monthly economic report for November...