FG, States, LGs Share N1.4 Trillion for June
In the latest session of the Federation Account Allocation Committee (FAAC) held today, a grand total of N1.354 trillion was allocated to the federal,...
FG to boost power sector investment for economic growth
In its renewed determination to drive economic growth and development in the country, the Federal Government continues to engage with relevant stakeholders to prioritize...
Naira appreciates to N1,485/$ in parallel market
The Naira appreciated in the parallel market to N1,485 per dollar from N1,490 per dollar on Monday.
However, the Naira appreciated to N1,473.66 per dollar...
Bayelsa Govt bans revenue collection at entry points
The Bayelsa State Government has banned the collection of all forms of revenues at entry points into the State capital, saying that it is...
Senate passes NDDC’s N1.9trn budget, increase by N44m
The Senate has increased the budget of the Niger Delta Development Agency by N44 million Naira as addition.
This addition moved the budget from N1,911,800,000,000...
FG, States, LGs Share N1.1tn May Revenue
The FAAC June 2024 meeting was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
A total sum of N1,143.210...
Nigeria to borrow additional N7.24 trillion in 2024 for economic revival plans
The Federal Government of Nigeria plans to borrow an extra N7.24 trillion in 2024 to support an intervention plan aimed at revitalizing the economy.
This...
‘It’s False’, Presidency Shoots Down Reports Of N105,000 Minimum Wage
The Presidency has denied reports making the rounds that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Federal...
OPay, Moniepoint, others to resume new customer enrollments soon – CBN
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume...
FG, states, LGs share N1.2tn in May
The Federation Allocation Allocation Committee has disclosed that during the May 2024 meeting of the FAAC held in Abuja, N1.2tn from the April 2024...