FG To End Petrol Subsidy June 2022, W/Bank Condemns N2.9trn Funding   The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Its Country Director for Nigeria, Shubham Chaudhuri, who...

Debt Servicing Cost Rises To N2.9trn, Gulps 74% Of Revenue — FG   The Federal Government has said that it spent N2.89tn on debt servicing between January and August. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during the public presentation and breakdown...

Currency in Circulation Hit N2.9trn In 2020 – CBN           Currency in circulation rose by N249bn from N2.66tn as of the end of November to N2.91tn in December 2020. The data was obtained from the Central Bank of Nigeria on Sunday. The CIC rose from a figure of...

FG investigates N2.9trn Gas Deal Fine By UK Court   The Federal Government yesterday said it had raised a joint panel to probe the $9.6 billion (N.2.946 trillion) fine imposed by a United Kingdom court on the country for allegedly defaulting in a gas supply contract...