CBN Disburses N1tn to Anchor Borrowers Programme The Central Bank of Nigeria is targeting 95 per cent financial inclusion by 2024. In line with that, the Federal Government has launched five strategic policy reports with a view to actualising the target. Meanwhile, the CBN has disbursed N1.07tn...

Customs DG Faults N6trn Fuel Subsidy Comptroller General of Nigerian Customs Service (NCS), Hameed Alli, on Thursday faulted the over N6 trillion allegedly being paid as fuel subsidy on Premium Motor Spirit (PMS) in 2022 fiscal year by Nigerian National Petroleum Corporation (NNPC) Limited. The NCS...

CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue With the amount spent on debt servicing in the first four months of 2022 outweighing the revenue of the country, analysts have projected that the Central Bank of Nigeria (CBN) financing of government through ways...

Ukraine Authorities : World's Largest Plane Destroyed By Russia, Over N1.24trn to Rebuild. Authorities in Ukraine report that the world's biggest aircraft, the Antonov AN-225, was destroyed by Russia. The information was revealed by Ukraine's minister for foreign affairs, Dmytro Kuleba, in a tweet.  According to...

Nigeria’s Debt Stock Hits N39.6trn In 11 months   The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that...