Eurobonds debts rise by $9.37bn in 5yrs under President Buhari
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December 31, 2020, indicating a...
N20bn bail-out loan: Court freezes Kogi State’s account in commercial bank
A Federal High Court sitting in Lagos, yesterday, ordered the freezing of Kogi State salary bailout account number; 0073572696 domiciled in one of the new generation...
Digital Currency: CBN appoints Barbados-based fintech firm technical partner
The CBN says over 85 percent of central banks are now considering adopting digital currencies in their countries.
The Central Bank of Nigeria will work with Bitt...
CBN states transfer limits as E-Naira begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital...
Nine Things You Need To Know About E-Naira approved by CBN
The Central Bank of Nigeria (CBN) introduced e-Naira after the ban on Cryptocurrency.
It is a form of digital currency that allows exchange between people...
FG implements cooking gas imports tax, price jumps by 100%
The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the...
Dwindling revenue: Buhari government to embark on another borrowing spree
From Monday to Thursday, the House of Representatives Committee on Finance had an interactive session with revenue-generating agencies on the Medium Term Expenditure Framework...
FAAC Shares N760.7bn July Allocation to FG, States, LGs
The Federation Accounts Allocation Committee (FAAC), has shared a total of N760.717 bllion revenue to the federal, state and local governments for the month...
Buhari approves steering committee on Petroleum Industry Act
President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the process.
The steering...
“Jonathan Packaged, Handed Over A Broken Economy To President Buhari In 2015” – Says,...
The Minister of State Petroleum Resources, Chief Timipre Sylva has blamed the People’s Democratic Party (PDP) for the worsening economic situation in the country,...