Economy
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FG earns N1tn from sale of public assets
The federal government has so far generated N1 trillion from the sale, commercialization, and the concession of 234 public assets…
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Naira slides down further, exchanges N504 per dollar at parallel market
The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change…
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97% of Nigeria’s revenue spent on debt servicing in 2020 – BudgIT
The federal government’s total revenue of N3.42 trillion in 2020, N3.34 trillion was used for debt servicing, BudgIT, a civic-tech…
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CBN releases supervisory framework for payment service banks
THE Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in…
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FG Debt Portfolio: Further borrowing will lead to a disastrous debt bubble bust – Moghalu raises the alarm
Former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu, has expressed concern at the rate Nigeria’s public debt increased…
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FIRS appoints commercial banks to freeze account of, recover N1.8trn from Multi-Choice
The Federal Inland Revenue Service (FIRS) has appointed some commercial banks as agents to recover the sum of N1.8 trillion…
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Senate jerks up supplementary budget by N87bn
The Senate, on Wednesday, considered the report of the Committee on Appropriations on the Supplementary Appropriation Bill, 2021. It approved…
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Emefiele pledges better deal for Nigerian SMEs, lists policy options for sector’s growth
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has pledged the Bank’s readiness to increase its development finance…
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National Economic Council endorses 2022-2024 medium term expenditure framework, fiscal strategy paper
As plans for next year’s budget begins to gather pace, the National Economic Council (NEC) has endorsed the 2022-2024 Medium…
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Canada donates $27m to Northern Nigeria for feeding
The Canadian government has announced that it is “providing $26.95 million in new humanitarian assistance funding to help meet the…
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