FG Records N930bn Fiscal Deficits in Two Months - Report The Central Bank of Nigeria says the Federal Government recorded N930.8bn fiscal deficit in January and February 2023. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of...

FGN: 18 Firms Shortlisted To Toll Abuja-Lokoja, Lagos-Abeokuta Roads The Federal Ministry of Works and Housing has shortlisted 18 firms from among 75 bidders seeking to operate and toll 12 economically viable highways on a concession basis. The ministry has also concluded the evaluating proposals for...

CBN: Nigeria’s Fiscal Deficit Rises To 2.23trn In Q4 2021 The Central Bank of Nigeria (CBN) reports that the Federal Government recorded a fiscal deficit of N2.23 trillion in the fourth quarter of 2021. The apex bank revealed this in its economic report for the fourth...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said...

Rivers, Lagos Lead as Public Debt Climbs to N33.1tn Nigeria’s total public debt had a 0.58 per cent marginal increase from N32.916 trillion as of December 31, 2020 to N33.1 trillion ($87.239 billion by March 31, 2021, latest figures from the Debt Management Office...

PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...