The shareholders of Nigerian Exchange Group (NGX Group or The Group) Plc convened in the Federal Capital Territory, Abuja, on Thursday, 9 September 2021, for its first Annual General Meeting (AGM) after the demutualisation of The Nigerian Stock Exchange (NSE). Amidst other critical matters proposed for shareholder vote, the Board of NGX Group presented the […]

President Muhammadu Buhari has sought approval of Senate for external loan as addendum to the 2018 to 2021 Federal Government’s external borrowing plan. Buhari’s request was contained in a letter addressed to President of Senate Ahmad Lawan and read at plenary on Tuesday. Buhari in the letter said the loan which would be sourced from […]

Nigeria may have lost about $188.29 billion, representing more than 92 percent of investment opportunities available to the country between 2017 and 2020.

By Babajide Komolafe Unity Bank Plc has unveiled a new code on its USSD platform that allows the customer to be in control of his bank account against any electronic payment fraud. The bank in a statement explained that “The new code which is 77999*Phone Number # allows customers to block access to their Bank […]

Delta Government on Friday said it has proposed a total sum of N425 billion as the appropriation for year 2022, indicating that the budget would soon be transmitted to the State House of Assembly. The State Commissioner for Information, Mr Charles Aniagwu, flanked by his counterparts in Economic Planning, Mr Barry Gbe, and Housing, Mr […]

Malam Yusufu Abubakar, the Acting Executive Chairman, Kogi State Internal Revenue Service (KGIERS), said that his agency collected N17.5 billion as Internally Generated Revenue (IGR) in 2020. Abubakar made this known to members of the Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ) in Lokoja on Friday. He said that the agency was also […]

The Jigawa State House of Assembly on Tuesday approved N20.44 billion supplementary budget to fast track the completion of viable projects in the state. The News Agency of Nigeria (NAN) reports that Governor Badaru Abubakar, on July 12, submitted a proposed supplementary budget of N18.99 billion to the House for approval. The proposed bill was […]

Enugu State Government has recorded N7.1 billion as Internally Generated Revenue (IGR) in the first quarter of 2021, a report by the State Ministry of Budget and Planning has stated. According to the Budget Performance Report obtained on Monday by the News Agency of Nigeria (NAN) in Enugu, the figure represents 24.4 per cent of the N29.2 […]

 The Pan-African banking group, the Ecobank Group, is the African Banker’s  2021 African SME Bank of the Year. Ecobank beat a host of other banks in the African Banker Awards 2021 to take home the SME Award in a 2020 tumultuous year characterised by the Covid-19 pandemic which continues to ravage many African economies, with Small and […]

The Kaduna State Government on Thursday promised a realistic budget for year 2022 in line with the 2022–2024 Medium Term Expenditure Framework (MTEF) Budget estimate. The Commissioner, Planning and Budget Commission (PBC), Mr Thomas Gyang, gave the assurance in Kaduna during a meeting  with relevant stakeholders to make inputs into the MTEF document. The News […]

The Senate has passed the N329.9 billion 2021 Federal Capital Territory (FCT) Statutory budget. The approval came after the upper chamber considered the report of its Committee on FCT regarding the FCT Appropriation Bill, 2021 at Tuesday’s plenary. Chairman of the Committee, Sen. Abubakar Kyari said the  budget was made up of N74 billion personnel cost, […]

The Delta House of Assembly on Tuesday approved a request by Governor Ifeanyi Okowa for a N4 billion bridging finance loan facility from Zenith Bank. The Governor’s request was contained in a letter forwarded to the State Assembly and read during plenary by the Speaker, Mr Sheriff Oborevwori. Okowa said that the request was sequel […]

The Central Bank of Nigeria (CBN), has tasked stakeholders in the financial sector to ensure the development of a robust, inclusive and actionable National FinTech Strategy that is fit-for-purpose. The Deputy-Governor, Financial System Stability Mrs. Aishah Ahmad gave the charge at a virtual meeting for the development of the National FinTech Strategy in Nigeria in […]

By Emmanuel Elebeke Lagos state accounting for 12.31% of the total domestic debt stock, the National Bureau of Statistics, NBS  has said. The NBS disclosed this in its quarterly data release made available at its website yesterday. According to the data, Federal Government  only domestic debt stock was put at N16.51, while States and FCT domestic debt […]

By Emma Ujah, Abuja The Federation Accounts Allocation Committee (FAAC), has shared the sum of N605.958 billion as federation allocation to the three tiers of government. According to the communique issued by the committee after a virtual meeting, Wednesday night, the amount shared represented revenues that accrued to the Federation Account and proceeds from the Value […]