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PHOTOS: Buhari Unveils New Naira Notes

PHOTOS: Buhari Unveils New Naira Notes   President Muhammadu Buhari has introduced the newly redesigned N1,000, N500 and N200 notes to the country. The President performed the long awaited ceremony at the State House Council Chambers on Wednesday shortly before the commencement of the Federal Executive Council...

FG Set To Strengthen Reforms In Oil Sector

FG Set To Strengthen Reforms In Oil Sector The federal government has expressed commitment to open up business deals in the oil and gas sector to end corruption and anonymity in the sector. The Executive Secretary of Nigerian Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya...

FG Targets $150bn From Non-oil Exports In Ten Years

FG Targets $150bn From Non-oil Exports In Ten Years   The Federal Government says its target is to add at least $150 billion to the nation’s foreign reserves cumulatively from non-oil exports over the next 10 years. The government also hopes to create about 500,000 additional export...

Fed Govt Targets $150bn From Special Agro-Processing Zones

Fed Govt Targets $150bn From Special Agro-Processing Zones   The federal government on Tuesday said the proposed Special Agro-Processing Zones (SAPZs) by the African Development Bank (AfDB) will help the country generate $150 billion in foreign reserve in the next 10 years. The Minister of State for...

Germany Pledges N48bn To Nigeria For Economic Development

Germany Pledges N48bn To Nigeria For Economic Development   The Federal Republic of Germany has pledged a sum of N48 billion (€101 million) in 2021 and 2022 to support Nigeria in its growth recovery from the COVID-19 pandemic. The disclosure was made during the end of a...

Subsidy, Debt Servicing May Push Deficit Above N7trn This Year

Subsidy, Debt Servicing May Push Deficit Above N7trn This Year       The possibility of the Federal Government resorting to further borrowings or ‘ways and means’ (government facility from the Central Bank of Nigeria) to cushion the effect of revenue shortfall is imminent due to the rising...