Business

FG disburses N38Billion Abacha loot to the poor The Special Adviser to the President on Social Investments, Mrs Maryam Uwais, has said that the Federal Government has been channelling the recovered Abacha loot and the International…
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Information provided on the Nigeria Customs Service website shows that excise is currently placed on non-alcoholic beverages, fruit juices, beer, stout and alcoholic beverages.
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The finance minister explained that the government would be pushing for the disbursement of the $3bn facility in two tranches of $1.5bn each.
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The nation’s public debt, which stood at N22.38trn as of June 2018, increased to N24.39trn in December 2018 and N24.95trn in March 2019.
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Speaking during an interactive session with the Senate Committee on Works, the Federal Ministry of Works and Housing and its agencies, Fashola said that it is the responsibility of his ministry to ensure that roads in Nigeria are in good…
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This revelation sharply contradicts claims by officials of the President Muhammadu Buhari-led government that the government has cut down on the cost of governance in such a way that priority is now given to capital project.
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The Federal government has to fend for everyone and has to generate funds for expenditure. We are saying debt stock is too high. Debt service ratios are also too high. This means interest rate is very high compared to revenue. It means…
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The House of Representatives, on Thursday, urged the Central Bank of Nigeria (CBN) to suspend the new charges on deposits, exceeding N500,000 in the case of individual accounts, and 3million naira in the case of corporate account, until…
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The latest figures released by the Debt Management Office (DMO) showed that the country’s debt increased by N560 billion between December 2018 and March 2019. By March 2019, the total foreign debt stood at N7.8 trillion ($25.6 billion)…
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The new policy stipulates Stamp Duties Payment on individual transactions that occur on PoS, rather than previous plans where charges occurred on aggregate transactions.
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