Senate Raises Concern Over Power Ministry’s N478m in Mortgage Bank
The Senate has raised concern over the safety of the N478m deposited by the Federal Ministry of Power in Aso Savings and Loans Plc. According to the 2015 report of…
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Selected Private, Public Institutions Now Licenced to Provide NINs in Villages
The Federal Government on Wednesday said it had given licences to selected private and public institutions to provide National Identification Numbers (NIN) to citizens both in urban areas and rural…
Continue readingPwC Forecasts: Nigeria, Others Will Lose $1tn Oil Revenue in 20 Years
In its Africa Oil and Gas Review 2020, Pricewaterhousecoopers said Nigeria and other oil-producing countries will lose an estimated N1tn in oil export revenues over the next 20 years as…
Continue readingFG borrowed N3.2trn From Investing Public Through Treasury Bills in 2020
Analysis of the Treasury Bills issued by the Central Bank of Nigeria (CBN) on behalf of the Federal Government revealed that the Federal Government borrowed N3.2 trillion from the investing…
Continue readingNigeria Youth Investment Fund (NYIF) Disburses N165.7 Million to 239 Youths
The Nigeria Youth Investment Fund (NYIF) has disbursed a total of N165.7 Million to 239 Youths who apply for the fund in its pilot stage. According to the report released…
Continue readingStock Market Suffers N393bn Loss
On Tuesday, the equities market closed on a negative note, declining by 1.83 per cent as profit-taking hit the market following investors’ moves to increase capital gains. The Nigerian Stock…
Continue readingNERC Denies 50% Hike, TUC threatens showdown
A few hours after the news broke out that approval for the hike in tariff was given by the Nigerian Electricity Regulatory Commission to take effect from January 1, 2021,…
Continue readingNigeria’s 2021 Growth Threatened by Poor Investments and Low Revenues – World Bank
In its January 2021 Global Economic Prospects report, the World Bank disclosed that Nigeria’s growth is expected to resume by 1.1 per cent in 2021 from a contraction of 4.1…
Continue readingCBN Injected $4.37bn into Foreign Exchange Market in 3 Months
In its third quarter economic report, the Central Bank of Nigeria disclosed that it injected $4.37bn into the foreign exchange market in the third quarter of 2020 as part of…
Continue readingEmployment of 774,000 Kicks Off Tuesday —Keyamo
The Minister of State for Labour and Employment, Festus Keyamo has announced on his Twitter handle on Sunday night that the Special Public Works Programme which would engage 774,000 unemployed…
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