The President, Major General Muhammadu Buhari (retd.), has appointed Dr Doyin Salami as his new chief economic adviser. The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this on Tuesday in a statement. Until this new …
Read More »
The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of N4.4tn, it has been learnt. The move follows the expiration of the 30-day ultimatum given by the National Assembly to …
Read More »
The Office of the Auditor General of the Federation has disclosed that 15 Ministries, Departments, and Agencies failed to remit N127.13bn revenue to the Consolidated Revenue Fund between 2017 and 2019. The OAuGF made this known in its 2019 Annual …
Read More »
Federal Government Ministries, Departments and Agencies, especially financial services regulators are to invest N1.54tn in five years to boost liquidity in the financial services sector. According to the Federal Government National Development Plan 2021-2025, the government is planning to raise …
Read More »
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households. According to the World Bank, Nigeria is projected to have one of the highest …
Read More »
The number of workers with pension accounts under the Contributory Pension Scheme rose by 245,385 in nine months to 9,461,173. The latest data obtained from the National Pension Commission on ‘Total RSA registrations as at 30 September 2021’ showed the …
Read More »The Federal Government has said it expects $40bn in private capital investments in digital infrastructure by 2025. The government disclosed this in its ‘National Development Plan 2021-2025: Volume I.’ It said, “To achieve the goals outlined in the sector, the estimated …
Read More »
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are exported illegally, the Federal Government has said. It explained that most of the products were prohibited for exports by the …
Read More »
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last year. The Financial Markets Department of the Central Bank of …
Read More »
The Securities and Exchange Commission (SEC) has issued a warning to the public over the activities of FinAfrica Investment Ltd and Poyoyo Investment, stating that the companies have not been accredited by the Commission and operate as Ponzi schemes. The …
Read More »
The Office of the Auditor-General of the Federation has queried the Federal Ministry of Agriculture for spending a total sum of N3.809bn on the suspended Rural Grazing Area scheme without a presidential approval or National Assembly appropriation. The query is …
Read More »
• Nigerians may lose ownership of listed firms over loans for rights• How weak growth, sluggish NGX performance, forex scare investors• 10 firms list N906b shares on NGX in 2021 as investors initiate sell-offs A lot of listed firms on …
Read More »
Govt borrowing plan focuses on domestic bonds, concessional external loans The Federal Government hopes to push its public debt stock to N50.22tn by 2023, with domestic debt at N28.75tn and external debt at N21.47tn. This is according to the projections …
Read More »
The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has stopped importers from accessing foreign exchange …
Read More »
The Centre for Promotion of Private Enterprise has said that the Federal Government’s N17.1trn budget for next year will be difficult to fund, describing it as “too ambitious”. The Chief Executive Officer, CPPE, Dr Muda Yusuf, said this on Wednesday …
Read More »
The House of Representatives, on Tuesday, passed the 2022 Appropriation Bill, raising the total estimates of the Federal Government’s budget from the proposed N16,391,023,917,692 to N17,126,873,917,692, an increase by N735,850,000,000. The lawmakers raised the oil benchmark from $57 per barrel …
Read More »
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021. On June 4, the Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by the …
Read More »
Amid a surge in demand for more cash by bank customers as the Yuletide season approaches, some Deposit Money Banks have slashed the withdrawal limits of their customers. Findings across bank branches in some key cities in the country revealed …
Read More »
No fewer than four Pension Fund Administrators may go into merger and acquisition ahead of the April 2022 deadline stipulated for pension companies to raise their minimum capital from N1bn to N5bn, findings by the media have shown. The National …
Read More »
Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing an increase of $330m in one year. This is according to an analysis of the external debt stock data from …
Read More »
MMS PLUS NG – Maritime, Aviation, Business, Oil and Gas News Online Newspaper with coverage in Maritime, Oil and Gas, Aviation, Power and Energy as well as Financial News
