Oil-producing States Borrow N1.3tn Amid N6.4tn Windfall.
The total debts of nine oil-producing states rose from N2.04tn in December 2015 to N3. 35tn as of June 2022,…
Day: December 2, 2022
Additional N1.55 trillion is Invested in Treasury Bills by Nigerian Banks.
Deposit Money Banks increased their holdings in Nigerian Treasury Bills by N1. 55 trillion between July 2021 and June 2022…
NNPC Signs $1.4 billion Financing Agreement For Hydrocarbon Project.
The Northern Hydrocarbon Funding Limited has a $1. 4 billion external project finance arrangement, according to the Nigerian National Petroleum…
S’African President Faces Impeachment Threat Amid Probe Of ‘$580k Stolen From His Farm’
The South African president, Cyril Ramaphosa, may be removed from office due to allegations of corruption. The focus of the…
Nigeria FG Plans To Tax Cryptos And Other Digital Assets Despite Restricting Transactions.
Finance Minister Zainab Ahmed claims that the 2022 finance bill has a provision to tax cryptocurrencies and other digital assets,…
FIRS Grants TaxPro Max’s Outstanding Interest and Penalty Waivers.
According to the Federal Inland Revenue Service (FIRS), until December 31, 2022, all unpaid interest and penalties imposed on established…
The Central Bank of Nigeria Sells $9.4 billion in Forex.
In the first six months of 2022, the Central Bank of Nigeria sold $9.4 billion worth of forex in the…
Nigeria’s Total Pension Fund Assets Hit N14.5 trillion in October 2022.
At the end of October 2022, Nigeria’s total pension fund assets reached a record high of N14.59 trillion, up 1.14%…
Insecurity: FEC Approves PPP for Satellite Internet Broadband.
The Research and Development of Satellite Internet Broadband Project, which would bring in N28 billion over a 15-year period, has…
Nigeria’ House Of Reps Approve N308 billion Export Grant For 194 Companies
The House of Representatives has authorized the payment of a variety of sums totaling N308. 458 billion to 194 companies…
Federal Government Declares NIN Required for Business Registration.
Nigerians would no longer be able to register businesses without the National Identification Number (NIN), according to the federal government.…
NNPCL flares all of its gas output in September, making no money.
Nigerian National Petroleum Company Ltd, the country’s state oil company, flared 100% of its gas output in September and received…
Kenya – Inflation Decreases for the First Time in Nine Months Despite CBK Rate Increases.
Due to a decline in food and fuel prices as well as rate increases to control the cost of living,…