Railway debt servicing gulps N246bn, NRC revenue tumbles
The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria) to service railway-related
Category : Finance
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N22tn loan to attract additional N1.8tn interest – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with the 2022 supplementary appropriation bill.
Buhari signs N21.83trn budget into law
President Muhammadu Buhari on Tuesday in Abuja signed the 2023 Budget of N21.83 trillion and the 2022 Supplementary Appropriation Bill into law. The 2023 budget
External reserves fell by $3.43bn in 2022 – Report
Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on
Emefiele: SMBLF alleges victimisation, demands DSS DG’s removal
The Southern and Middle Belt Leaders Forum has told the President, Major General Muhammadu Buhari (retd. ), that it will not allow another scandalous removal
Report: big coal miners’ profits tripled, hit $97.7bn as demand surged in 2022
Despite the pressure from the West on countries to jettison the use of coal, the world’s largest mining companies of the commodity tripled their profits
N’Assembly budgets N850m for failed constitution amendment
The National Assembly has again allocated N850m for Constitution Amendment in the 2023 Budget. The National Assembly had recently raised the 2023 Budget by N1.3tn
Savings bonds: DMO announces 2023 first offer
The Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription.
DMBs, Merchant banks borrowed N11.01trn from CBN in 2022
Deposit Money Banks (DMBs) and Merchant Banks borrowing from the Central Bank of Nigeria (CBN) discount window known as the Standing Lending Facility (SLF) dropped
SERAP sues governors of oil producing states over failure to account for N625b
Socio-Economic Rights and Accountability Project (SERAP) has sued the governors of eight oil producing states over their failure to account for the spending of the
