Economy

FAAC Shares N660bn for FG, States, LGs in February 2019 A total sum of N660.368 billion has been distributed as Federal Allocation for the month...

Good Governance: MacArthur Foundation Commits Over N12.3bn On Nigeria The MacArthur Foundation has committed not less than $34.2 million or N12.3 billion between 2017 and...

NEITI: FAAC Disbursements increased by 32% to N8.5 Trillion in 2018 The Federation Allocation Account Committee (FAAC) disbursed N8.5 trillion to the three tiers of...

CBN, MTN Resolve Foreign Exchange Remittances Issue The Central Bank of Nigeria (CBN) in August 2018 directed MTN Communications Limited (MTNN) to reverse repatriations valued...

NOUN Acquires Printing Press to Stop Outsourcing The National Open University of Nigeria (NOUN) has said that its printing press, which is almost ready, would...

FAAC Shares N812bn to Tiers of Govt in December 2018 A total of N812.762 billion has been distributed as Federal Allocation for the month of...

FG, States, LGCs Share N788bn for October 2018 A total of N788.139 billion has been distributed as Federal Allocation for the month of October 2018...

AGF Calls for Automation of Non-Oil Revenue Collection The Accountant - General of the Federation, Mr. Ahmed Idris has stressed on the importance of automation...

FG, States Shared N2.2tr in Third Quarter of 2018-NEITI Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of government has...

Solid Minerals Contributed N43.2Bn Govt Revenue in 2016-NEITI Abuja, November 13, 2018. The solid minerals sector contributed a total sum of N43.22billion to government coffers...

KEDCO assures consumers of adequate power supply The Managing director and chief Executive Officer (MD/CEO) of Kano Electricity Distribution Company (KEDCO), Dr. Jamilu Isyaku Gwamna, has...

Forex: CBN Boosts Market with $210mn The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange...

FAAC Shares N741.8bn to Tiers of Govt for August 2018 A total of N741.843 billion has been distributed as Federal Allocation for the month of...

CBN revokes Skye Bank’s licence, Polaris Bank takes over 1. You will recall that on 4th July 2016, we took a regulatory action on Skye...

NNPC Counters Police: We've No Hidden $470mn, N8bn in Commercial Banks · Our Accounts in full view of the Presidency, the Office of the Accountant-General...

Foreign Investors: CBN Allays Fear over Forex Sanctions The Central Bank of Nigeria (CBN) acknowledges the public interest over sanctions recently imposed on four deposit...

Presidency Accepts Adeosun's Resignation, Appoints Zainab Finance Minister President Muhammadu Buhari Friday accepted the resignation of the Hon. Minister of Finance, Mrs Kemi Adeosun. The...

NEITI: FG, States Shared N3.9tr in First Half of 2018 -Revenues in Q2, 2018 the highest since Q3, 2014 -Disbursements from VAT increased by 35% over...

Osinbanjo at Dangote Business School, Tasks Youths on Entrepreneurship Vice President Yemi Osinbanjo has charged young Nigerian innovators and entrepreneurs to always be focused and...

Nigeria, China to sign $328m agreement on ICT President Muhammadu Buhari arrived Beijing to attend the Beijing Summit ­ of the Forum on China-Africa Cooperatio­n...