Financial

Nigeria’s federal government generated the sum of N600.15 billion from Value Added Tax (VAT) in the second quarter of the year (Q2 2022), the National Bureau of Statistics (NBS) disclosed Monday. The figure represented a growth rate of…

Nigeria Vice President, Prof. Yemi Osinbajo has declared that Nigeria is seeking $10 billion from international partners to fund the nation’s new Energy Transition Plan. This was just as the World Bank and the US Exim Bank have pledged…

The Federal Government of Nigeria is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to the “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office…

Still struggling with its oil production quota, the Organisation of Petroleum Exporting Countries (OPEC) on Tuesday revealed that Nigeria reported a paltry 1.024 million barrels per day production in May, a multi-year low. However, while…

The Nigerian official currency, Naira has fallen against the dollar for the second time in the New Year, five days after it fell for the first time this year after maintaining N560/per $1 at the black market since the beginning of the year.…

The Central Bank of Nigeria’s total foreign exchange sales to authorised dealers (deposit money banks) declined to $1.65 billion in August 2021 from $2.05 billion in July 2021. The CBN disclosed this in its report on the supply of forex…

Nigeria’s independent revenue crossed the N1 trillion mark in 2021, it was learnt on Wednesday. Minister of Finance Budget and National Planning Mrs Zainab Ahmed stated this at the public presentation of the 2022 Appropriation Act.…

President Muhammadu Buhari on Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill. The President signed the documents in the Presidential Villa in the presence of Senate President Ahmed Lawan, Speaker of…

The joint committee tackling violation of consumer rights in the money lending industry will shut down illegal businesses at the commencement of its enforcement, the Federal Competition and Consumer Protection Commission (FCCPC) says. Mr…

The House of Representatives on Tuesday passed the 2022 budget of N17.126 trillion against the N16.391 trillion presented by President Muhammadu Buhari. This followed a unanimous adoption of a report laid on the floor of the House during…