DMO Auctions N150b FGN Bond 

DMO Auctions N150b FGN Bond 

The Debt Management Office (DMO) on Friday offered for auction, two separate Federal Government of Nigeria (FGN) bonds at N75 billion each.  The DMO in its website, announced that the bonds are N75 billion, 10-year re-opening FGN bonds at 12.5 per...
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Nigeria’s Fuel Subsidies Back Under The Spotlight

Nigeria’s Fuel Subsidies Back Under The Spotlight

By LukmanOtunuga, Senior Research Analyst At FXTM — The explosive surge in oil prices over the past few months has been good news to energy producing countries including Nigeria. It is worth keeping in mind that Africa’s largest economy acquires...
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FG Pays N22.7b Petroleum Bridging Claims To Transporters 

FG Pays N22.7b Petroleum Bridging Claims To Transporters 

The Federal Government has paid bridging claims amounting to N22.7 billion to transporters of petroleum products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), disclosed on Wednesday.  The Chief Executive Officer, NMDPRA, ...
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FEC Approves NIMASA, NPA, NRC Contract Proposals

FEC Approves NIMASA, NPA, NRC Contract Proposals

The Federal Executive Council (FEC) has approved contract for clearing of equipment for the Deep Blue Project.   Briefing Journalists after the FEC meeting on Wednesday, Minister of Transportation, Rotimi Amaechi explained that the N2.8bilion contrac...
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Opinion: Nigeria – A New Year But Same Old Story?

Opinion: Nigeria – A New Year But Same Old Story?

By Lukman Otunuga, Senior Research Analyst at FXTM — 2022 could be a critical year for Africa’s largest economy as it navigates through Covid-19 and inflation-infested waters. Global economic conditions remain strained by the coronavirus menace while s...
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Nigeria Inaugurates Technical Committee On Sorghum Varieties

Nigeria Inaugurates Technical Committee On Sorghum Varieties

The Federal Ministry of Agriculture and Rural Development has inaugurated a technical committee to streamline the existing Sorghum varieties in the country as part of measures to meet food and industrial demands.  A statement issued on Sunday by Modu...
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Yakubu: Undemocratic Takeover Of Govt Poses Great Challenge To ECONEC

Yakubu: Undemocratic Takeover Of Govt Poses Great Challenge To ECONEC

The undemocratic takeover of government in some West African countries has created a great challenge for Electoral Commissions in the sub-region, according to the Independent National Electoral Commission (INEC) Chairman, Prof. Mahmood Yakubu. Speaking at Wedn...
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Niger Spends N5b On Security In Two Years

The Niger Government said it spent more than N5 billion in the last two years on general security in the state.  Alhaji Ahmed Matane, the Secretary to the State Government (SSG), said this while addressing Journalists in Minna on Tuesday. ...
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South-South Governors To Join VAT Suit

South-South Governors To Join VAT Suit

Governors of South-South states, on Monday,  resolved to join the suit currently before the Supreme Court over the collection of Value Added Tax (VAT).  The VAT case is between the Federal Inland Revenue Service (FIRS) and the Rivers Government....
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FG Converts National Blood Service To Commission

FG Converts National Blood Service To Commission

The Federal Government has established the National Blood Service Commission (NBSC) to replace the National Blood Transfusion Service (NBTS) to coordinate, regulate and ensure the provision of safe, quality blood transfusion services.  A statement issued ...
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Catholic Archbishops Urge Govt To Restore Peace, Alleviate Poverty, Improve Lives

Catholic Archbishops Urge Govt To Restore Peace, Alleviate Poverty, Improve Lives

The Catholic Archbishops of Abuja have has urged government and the law enforcement agencies to do all that is necessary to tackle national insecurity and restore lasting peace in the country.  This is contained in a communique issued on Saturday...
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CAC Registers 245,000 SMEs Free Of Charge

CAC Registers 245,000 SMEs Free Of Charge

The Corporate Affairs Commission (CAC) has registered more than 245,000 Small and Medium Enterprises businesses free of charge.  The Registrar-General, Alhaji Garba Abubakar, told the News Agency of Nigeria (NAN) in Abuja on Wednesday&...
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‘FG To Deploy 5G Network Soon’

‘FG To Deploy 5G Network Soon’

The Federal Ministry of Communications and Digital Economy says it will soon deploy the Five Generation network (5G) in Nigeria for increased connectivity.  The Minister of Communication and Digital Economy, Dr Isa Pantami, disclosed this in Abuja when he...
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FG, States, LGs Share N760.7b For July

FG, States, LGs Share N760.7b For July

The Federation Accounts Allocation Committee (FAAC) has shared N760.717 billion as federation allocation for the month of July.  This is contained in a statement by Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and N...
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