FEC okays NNPC Ltd to invest N1.9trn in 44 federal roads
The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest 1.9 trillion in the reconstruction of
Category : Finance
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CBN urges banks to collect redesigned notes or face sanction
The Central Bank Governor, Mr Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the
$1bn spent to recover territories seized by terrorists — Buhari
Despite spending over $1bn to reclaim Boko Haram-held territories in Borno, Adamawa and Yobe States since 2015, Nigeria’s security and that of the Lake Chad
FG: Nigeria has enough external reserves to withstand global recession, shocks
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday admitted that although the projected global economic recession for 2023 appeared inevitable, with
Total direct remittances for 2022 pegged at $2.16bn
The Central Bank of Nigeria (CBN) has pegged total direct remittances for 2022 at $2.16 billion, a decline of 11.18 per cent from the previous
Nigeria to borrow N1.2tn bonds in Q1 2023
The Federal Government will issues bonds in the first quarter of 2023 to raise N1.2trillion. This is contained in the calendar released by the Debt
Subsidy: FG borrowing to import fuel, says minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also
States, LGs meet RMAFC, demand higher revenue allocation
State governments and local governments on Monday asked the Revenue Mobilisation Allocation and Fiscal Commission to increase their shares of the federal allocation. Representatives of
Nigerians pay N2.8tr bills electronically, transfer N19.4tr with mobile phones
Statistics from the Nigeria Inter-Bank Settlement System (NIBSS) have revealed a 53 per cent rise in the values of bills paid online, otherwise known as
Economist: don’t devalue naira to close gap between official, parallel forex rates
An Economist and the Chief Consultant of B. Adedipe Associates Limited (BAA Consult), Dr. Biodun Adedipe, has warned the Central Bank of Nigeria (CBN) against
