Budget Deficit Rises To N20.64trn Under Buhari     Budget deficit has risen to N20.64tn under president Muhammadu Buhari, according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic...

FEC, N/Assembly Approve N16.39trn Proposed 2022 Budget     The Federal Executive Council (FEC) and the National Assembly have approved President Muhammadu Buhari’s revised 2022-2024 Medium Term Expenditure Framework of N16.39 trillion. The government will also borrow N6.258tr to fund the proposed budget deficit. President Buhari will be presenting...

In Five Years, FG Earned N39.648trn Revenue - NEITI           Nigeria Extractive Industries Transparency Initiative (NEITI) has said the total revenue accruing to the Federal Government in the last five years from all sectors is N39.648 trillion. The solid minerals sector, according to watchdog organization, contributed N308.43...

Manufactured Imports Exceeded Exports By N4.3trn In Q2 – NBS           The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of 2021, according to figures obtained from the National Bureau of Statistics. The NBS stated that the value of...

IMF Cautions As Crypto Market Value Surpasses N820trn         Financial experts with the International Monetary Fund (IMF) have called for caution and regulation as the total market value of all the crypto assets surpassed $2 trillion (N820 trillion) – a 10-fold increase since early 2020. The experts,...

Fed Govt Releases Fresh Debtors’ List Nov, 77 Oil Firms Owe N2.66trn           The indebtedness of 77 oil and gas companies to the Federal Government is now N2.66tn, the Nigeria Extractive Industries Transparency Initiative said on Tuesday. NEITI’s Executive Secretary, Orji Ogbonnaya-Orji, who said this in Abuja...