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Local Content: FG bars foreign companies from bidding for contracts worth N5bn

October 21, 2020 8:41 amOctober 21, 20200 160

In order to empower local contractors, the Federal Government has barred foreign firms from bidding for contracts worth N5 billion. …

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Economy

Increased national debt, non-performing loans strengthen our capability- NDIC

October 20, 2020 12:35 pmOctober 20, 20200 83

The Nigeria Deposit Insurance Corporation (NDIC) has lamented that the threat of recession, increased national debt and non-performing loans in …

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Economy

CBN releases framework on how it will finance mass metering programme

October 20, 2020 10:21 amOctober 20, 20200 289

Central Bank of Nigeria (CBN) has the framework on how it will finance National Mass Metering Programme (NMMP). The framework …

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Economy

How FG, states, LGs share N639.901 billion in September

October 16, 2020 3:24 pmOctober 16, 20200 284

The Permanent Secretary, Ministry of Finance, Budget and National Planning, Aliyu Summed has said that the Federal Government, states and …

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Economy

Economic Growth: “Use borrowing plan in 2021 budget to fund key infrastructure,” FRC tells FG

October 15, 2020 12:50 pmOctober 15, 20200 127

The Fiscal Responsibility Commission (FRC), has urged the Federal Government to take advantage of the ‘new borrowings’ in the 2021 …

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Economy

Socio-economic conditions to get worse as inflation increases by 13.71 percent

October 15, 2020 11:25 amOctober 15, 20200 228

The National Bureau of Statistics (NBS) says that nflation increased by 13.71 percent (year-on-year) in September 2020. The body this …

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Economy

N31trn Debt burden: FG won’t apply for debt relief- Minister

October 13, 2020 4:08 pmOctober 13, 20200 154

The Federal Government of says Nigeria will not apply for relief to get out of its crippling N31 trillion debt …

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Economy

Budget Funding: Senate urges FG to reduce borrowing

October 8, 2020 3:31 pmOctober 8, 20200 146

The Senate has urged the Federal Government to seek alternative sources of funding the budget with a view to reducing …

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Economy

IGR of states drop by 11.7 percent- NBS report

October 6, 2020 4:03 pmOctober 6, 20200 182

The current report by National Bureau of Statistics (NBS) states that the internally generated revenue (IGR) of Nigeria’s 36 states …

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Economy

Economic diversification will lift 100 million Nigerians out of poverty, says expert

October 1, 2020 12:15 pmOctober 1, 20200 127

A financial expert, Lukman Kareem, a financial expert has stated that economic diversification is a veritable tool for the country …

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