Fed Govt’s Deficit Spending Rises By 51% To N5trn   The deficit spending of the Federal Government, FG, rose by 51 per cent, year-on-year, YoY, to N5.1 trillion in seven months to July 2021, driven by rising non-discretionary spending on security and COVID-19 mitigation measures. The rise...

‘FG Loses Over N5trn Revenue To Corruption, Foreigners At Ports’       The Federal Government is losing over N5 trillion revenue yearly, based on the inability of the Federal Executive Council (FEC) to find solutions to the highly corrupt business environment at the port. The Federal Government, it...

N5trn Debt: AMCON Plans To Change Recovery Strategy       The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...

AMCON Drags 3,000 Defaulters To Court Over N5trn Debt         The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...

Nigeria Records N5trn Non-oil Exports       More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year. The goods were shipped out of Lagos ports and formed part of the total export goods valued at about N6 trillion. Customs...

N5trn Inflow From Fixed Income To Boost Equities Rally       Despite the reappearance of the bears in the local bourse last week, equities analysts have said that the market will maintain its positive posture in the near future given the expected inflow of N5 trillion from...