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FG’s deficit spending rises 7% to N593bn — CBN

FG’s deficit spending rises 7% to N593bn — CBN

•As revenue into Federation account drops 9.8% By Babajide Komolafe,  Economy Editor The Federal Government recorded deficit spending of N593 billion in August this year, representing seven per cent higher than N554.21 billion recorded in the previous month.   The increased deficit was driven by 4.2 per cent,   month-on-month MoM,   increase in capital expenditure which moderated […]

Flood: Govs should account for ecological funds — Environment minister

Flood: Govs should account for ecological funds — Environment minister

–Says FG plays its part, state govts must fulfil their obligations Soni Daniel, Northern Region Editor ABUJA — Revisiting the flooding that devastated some states recently, Minister of Environment, Dr. Mohammed Abdullahi, has asked Nigerians to seek answers from their respective governors on what they did with the huge sums of money they receive routinely from the […]

Our problems with N100, 000 weekly withdrawal limit — NECA

Our problems with N100, 000 weekly withdrawal limit — NECA

By Victor Ahiuma-Young Nigeria Employers’ Consultative Association, NECA, has expressed concerns over the N100,000 cash withdrawal limit announced by the Central Bank of Nigeria, CBN, saying there is “no gainsaying that the livelihood of many individuals and enterprise sustainability would be impacted.” Reacting to the new policy, Director-General of NECA’s Wale-Smatt Oyerinde, said “As usual […]