Poor IGR May Cripple 8 States If FG Allocation Stops [See Full List]
In fact, only 4 States can survive without the Federal Allocations. FCT generated IGR thrice their Federal Allocation. FCT can survive without Federal Account...
Why we’ll not convert forex in domiciliary account to naira – CBN
The Central Bank of Nigeria has assured members of the public that it will not convert the foreign exchange in the domiciliary accounts of...
Debt servicing: Nigeria pays $1.79bn to World Bank, China in five years
Nigeria spent $1.79bn in five years on servicing the debts owed to World Bank and the Exim Bank of China, according to an analysis...
AGAIN, Bayelsa slide into abrupt bankruptcy Despite huge federal allocation
The Annual State Viability Index (ASVI) ranked Bayelsa, one of Nigeria’s biggest oil-producing states as an insolvent state, despite the huge federal allocation the...
Nigeria’s economy will be grounded in next nine months – Bamgbose cries out
Barrister Olusegun Bamgbose, Esq., a chieftain of the New Nigerian Peoples Party, NNPP, has cried out that Nigeria’s economy might be grounded in the...
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...
CAC unveils two new forms for business registrations
The Corporate Affairs Commission says it has commenced the registration of two new forms of business registrations pursuant to CAMA, 2020.
CAC’s Registrar-General, Garba Abubakar,...
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...