Nigeria Debt Profile: 28 Governors Accrue N5.8 trillion in Debt.
In the midst of the current economic crisis, the minister of the Federal Capital Territory and the 28 governors of…
Category: Local
Transform Health Fund wins $50 million in commitments
The Health Finance Coalition (HFC), powered by Malaria No More, and AfricInvest pledged commitments of $50 million for the pan-African…
Nigeria FG Pays 2022 Contributory Pension Retirees N13.89 billion.
The Federal Government has made N13.89 billion available to pay the pensions of its employees who retired in 2022. The…
Nigeria’s Debt to Hit N77tn, While Loan Servicing Will Cost N5.2tn.
Nigeria debt 2022: If the National Assembly grants the president’s request to reorganize the Ways and Means Advances, Nigeria’s public…
EFCC Obtains N13 billion from Unauthorized Fuel Subsidy Payments.
According to information obtained by the PUNCH, the Economic and Financial Crimes Commission (EFCC) recovered almost N13 billion as the…
Nigerian Startups, Others Raised $5bn in 2022.
According to data from Africa: The Big Deal, startups in Nigeria and other African nations raised $4. 85 billion in…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the…
Railway Debt Service Consumes N246 billion, While NRC Revenue Declines.
To pay off debts related to railroads, the federal government spent $74.25 million in 2019. Nigeria’s Idu-Kaduna Railway Modernization Project…
Nigeria To Pay $4bln In 2023 If Lawmakers Reject Loan-bond Swap.
President Muhammadu Buhari stated that if parliament rejects a request for a loan-to-bond swap on the central bank’s overdraft to…
Nigerian President to Commission the Blue Line Rail Services.
The Nation has learned that President Muhammadu Buhari has agreed to officially open the Lagos Blue Rail on January 24,…
Mobile Subscriptions Increase by 23 million, Reaching 218 million.
According to the Nigerian Communication Commission’s most recent industry figures, the number of mobile subscriptions in Nigeria increased by 23.…
CBN External Reserves Decreased by $3.43 billion in 2022.
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria’s foreign reserves in 2022. The CBN…
NECA: Private Sector Pay Reviews are Based on Performance.
Contrary to the parameters available in the public sector, wage reviews in the private sector follow institutional processes based on…
Nigeria Presidential Panels Consume N15 billion In Five Years.
According to research by The PUNCH, between 2018 and 2022, almost N14.79 billion was set aside for presidential committees within…
Nigeria: Economic Group Takes on The National Assembly Over The Finance Bill.
The National Assembly hasty adoption of the 2022 Finance Bill has alarmed an economic think tank, the Centre for the…
World Bank: CBN Loan Repayments will Consume 62% of Revenue.
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government’s borrowing from the Central…
10,053 Projects Provide Water to 37.3 million Nigerians, According to The FG.
The Federal Government and its partners in various states established 10,053 water supply schemes and projects in urban centers and…
Nigeria Senate Committee Supports Coalition’s Call for N20/Litre Sugar Tax.
The National Action on Sugar Reduction Coalition (NASR) is advocating for an increase in the current tax on sugar-sweetened beverages…
Nigerian Assembly Passes N21.8tn Budget.
The 2023 budget request was increased by N20.51 trillion to N21. 82 trillion by the National Assembly. Additionally, the National…
Nigerian Reps Hinder A Planned $1 billion Oil Asset Auction.
The House of Representatives has requested that the Federal Government halt the planned $250 million auction of Oil Mining Licence…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The Loan-bond Swap.
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed…
Get Ready, The Lagos Blue Rail Line is Here.
Lagosians who live along the Lagos-Badagry Expressway and beyond are thrilled by the prospects that the first phase of the…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, explain himself…
Nigeria: Workers and Businesses can Dispute Tax Burdens.
Taxpayers have the right to appeal and protest tax obligations imposed on them by any government, according to a tax…
Passport Issuance Generate N438 billion for Nigeria Immigration.
The Nigeria Immigration Service has earned N438.78 billion in income since 2017. This occurred when the agency’s total internal revenue…
World Bank Advises CBN to Review the RT-200 FX Policy.
Despite its best efforts, the World Bank has requested the Central Bank to reevaluate its RT-200 Program.The global bank claims…
6,047 BVNs Are Being Monitored by CBN for Possible Fraudulent Transactions.
The Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank clients on a watch list…
Shell will Pay 15 million Euros to Resolve the Nigerian Oil Disasters.
Shell (SHEL.L) will pay 15 million euros ($15. 9 million) to communities in Nigeria that were affected by multiple oil…
Nigeria Failed to Reduce Poverty in 2022, According to W’Bank
The World Bank Group has said that the estimated per capita income growth of 0. 7 per cent for Nigeria…
CBN Says Emefiele will be Unable to Honour Reps Invitation, has Health Challenges.
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), will not be able to testify before the House…