CBN map out N500m grant for university, polytechnic students

The Central Bank of Nigeria, CBN, has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in…

FINANCE MINISTRY TO SPEND N82 BILLION TO BUY GENERATORS IN ONE YEAR

A review of the budget shows that the Federal Ministry of Finance, Budget and National Planning headed by Zainab Ahmed, takes the lion’s share of 80 per cent for generators…

RMAFC Presents New Revenue Sharing Formula To Buhari December

The Revenue Mobilisation, Allocation and Fiscal Commission says it will be ready to present a new revenue sharing formula to President Muhammadu Buhari for onward transmission to the National Assembly…

Wike borrows N25bn from Zenith Bank

The Rivers State Executive Council has approved a N25 billion loan from Zenith Bank for the funding of the Oyigbo-Afam Road, Chokocho-Igbodo Road, the tenth flyover in Port Harcourt and…

JUST IN: Naira Crashes Further At Official Market Over High Demand

The exchange rate between the naira and the US dollar closed at N414.90/$1, at the official Investors and Exporters window. This online news platform understands that the Naira depreciated against…

Sub-Saharan Africa needs $425bn financing by 2030 – Adesina

The President of the African Development Bank, Dr Akinwumi Adesina, says Africa needs $425bn in additional gross financing by 2030. He said this in a statement announcing that the Africa…

Debt servicing: Nigeria pays $1.79bn to World Bank, China in five years

Nigeria spent $1.79bn in five years on servicing the debts owed to World Bank and the Exim Bank of China, according to an analysis of data on actual external debt…

FAAC SHARES N760.717 BILLION JULY 2021 REVENUE TO FG, STATES AND LGS

The Federation Accounts Allocation Committee (FAAC) has shared a total of N760.717 Billion July 2021 Federation Account Revenue to the Federal, States and Local Governments Councils.   This was contained…

World Bank rules out Nigeria as beneficiary of debt suspension initiative

World Bank has ruled out Nigeria as one of the beneficiaries of its debt suspension initiative established by G20 countries. This was contained in a statement published on Wednesday on…

86 accounts blocked as CBN descends on nine firms killing Naira [Details]

CBN cracks down on companies accused of causing Naira woes The Federal High Court, Abuja has granted the request of the Central Bank of Nigeria to freeze 86 accounts of…