The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle pending…
Economy of State
Federation revenue hits N10.2tn in one year
Recent reports have shown that federally collected revenue, which is shared among the Federal, state and…
Manufacturing, others to drive Nigeria’s economy-Rewane
Mr Bismarck Rewane, a renowned economist identified this year’s economic drivers as agriculture, manufacturing and telecommunications.…
Nigeria’s total debt rises to N 26.14tn-NBS
Nigeria’s total debt stock rose to N26.14 trillion as of the end of September 2019. This is…
PFAs Invest N7.40tn in Government Securities
Pension Fund Administrators have invested about N7tn of the N9.99tn pension fund assets has been invested…
Inflation rate rises to 11.98%- NBS
Latest inflation report released by the National Bureau of Statistics (NBS) revealed that Nigeria’s inflation rate rose…
FG targets N8.15tn from tax reforms
The tax reforms contained in the Finance Act 2020 will enable the federal government to hit…
TUC kicks against VAT increase
The Trade Union Congress of Nigeria on Tuesday described the hike in the Value Added Tax…
AfDB approves $20m for Nigeria, others to improve power
The board of directors of the African Development Bank has approved a $20m investment in the…
FG urges workers to support economic diversification
The Minister of Industry, Trade and Investment, Niyi Adebayo, has called for more commitment from workers…
Foreign reserves drop by $4.45bn in twelve months
Nigeria’s foreign reserves, which stood at $43.07bn as of the beginning of January 2019, fell by…
FG allocates N61bn for Nigeria-Siemens power deal
The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map…
Government revenue declined by N388bn in November – CBN
Recent data obtained from the Central Bank of Nigeria revealed that Federally-collected revenue fell by N388bn…
NEC targets N2tn pension fund for infrastructure
The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory…
Inflation rate rises to 11.85%-NBS
The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation rate,…
Nami replaces Fowler as FIRS chairman
President Muhammadu Buhari on Monday named a tax consultant, Mr Muhammad Nami, as the new chairman…
FG partners AfDB to develop agro industrial zones
The African Development Bank has resolved to partner the Federal Ministry of Agriculture and Rural Development…
World Bank warns FG on Reforms not to further slide into extreme poverty
The World Bank has said the number of Nigerians living in extreme poverty may increase by…