Zenith records 22% growth in Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with a growth of 22 per cent in Gross Earnings from N157.3 billion reported…

FAAC Shares N590.546 Billion February 2022 Revenue to FG, States And LGCs

The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was…

FG to pay $3.51bn in 5 years as debt service to IMF

Federal Government of Nigeria will total of $3.51bn between 2022 and 2026 to offset a $3.4bn loan to International Monetary Fund (IMF). The information is displayed in webpage on the…

Nigeria now depends on IMF, World Bank to pay salaries of workers – Prof Oyewale

Oyewale Tomori, a professor of Virology has said Nigeria is now depending on international agencies such as International Monetary Fund (IMF) and World Bank to pay workers salaries. Tomori made…

FAAC Shares N675.946 Billion November 2021 Revenue To FG, States And LGCs

The Federation Accounts Allocation Committee (FAAC) has shared a total of N675.946 Billion November 2021 Federation Account Revenue to the Federal Government, States and Local Government Councils.   This was…

BREAKING: Nigeria’s public debt reaches N38tn by Q3 2021 –DMO

The Debt Management Office (DMO) says Nigeria’s Public Debt is N38.005 trillion by third quarter of 2021. This was disclosed in a statement titled ‘DMO publishes total public debt for…

Nigeria’s debt to China, France, three others hits $4.26bn

Nigeria’s debt to China, France, Japan, India and Germany rose to $4.26bn as of June 30, 2021 from $3.85bn at the end of 2019, according to data obtained from the…

36 States to Share N656Billion New FG Support at N18B each

FG to ramp up COVID-19 vaccine roll-out to reach 50% of targeted population NEC urges strict compliance to COVID-19 protocols ahead of festive season CBN processing Bridge Financing to spread…

91 million Nigerians are living in absolute poverty – W’Bank says

The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have increased the percentage of Nigerians living below the national poverty…

FG set to release N656.1bn bailout bridge facilities to states

The federal government is set to release N656.1 billion as six months bailout bridge facilities to state governments that benefited from the FG’s bailout programme. This is to cushion the…