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 […]

The Federal and State governments are owing N33.11 trillion in public debts, as at March 31, according to latest figures released by the National Bureau of Statistics (NBS) on Thursday. The NBS, who stated this in its “Nigerian domestic and foreign debt for Quarter one, 2021 (Q1 2021)”, added that upon disaggregation, the nation’s total […]

A Supplementary Bill for an Act to authorise the issuance of N895,842,465,917 from the Consolidated Revenue Fund of the Federation has scaled second reading in the Senate. This followed the presentation of the lead debate by the Senate Leader, Sen. Yahaya Abdullahi, during plenary on Wednesday. The News Agency of Nigeria (NAN) recalls President Muhammadu […]

The Senate on Tuesday received a supplementary appropriation bill from President Muhammadu Buhari to approve the sum of N895.842,465,917 billion as supplementary budget for the 2021 fiscal year.  The bill was transmitted with a letter dated 15th June, 2021, and addressed to the President of the Senate, Ahmad Lawan.  President Buhari, in the letter which […]

TeamApt, one of Nigeria’s leading Fintech companies, has reiterated its commitment to transform financial services in Africa.

The Federal Government has appointed Dr Abdulkarim Obaje, as the National Coordinator, Federal CARES Support Unit, Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES). Mrs Imaobong Udoh, Director of Information, Ministry of Finance Budget and National Planning said this in a statement in Abuja on Tuesday. Udoh said that the appointment was implemented for the […]