Quick breakdown of the 2018 budget
21 June 20182018 budget of consolidation breakdown:
Total Expenditure - N9.12tn
Revenue projection - N7.17tn
Recurrent expenditure - N3.51tn
Capital expenditure... Read More...
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CBN pumps $210m into the forex market
21 June 2018The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market.
In its desire to meet customers... Read More...
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Full speech delivered by Pres. Buhari at the signing of 2018 budget
20 June 2018“I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and... Read More...
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Forex: CBN gives Retail SMIS $343.06m boost
15 June 2018The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange... Read More...
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Pres. Buhari approves nomination of Folashodun Shonubi as CBN's Deputy Gov.
08 June 2018President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.
Mr. Folashodun... Read More...
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SEC Director General suspended over financial impropriety
30 November 2017The Minister of Finance, Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, from Office, to allow for an unhindered investigation of several... Read More...
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Heavy loans for Directors killed 50 banks - NDIC
28 November 201750 banks closed down between 1994 and 2011 because of loans taken by their directors, the Nigerian Deposit Insurance Corporation has said
Director of bank examination department, Adedayo... Read More...
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FG spots 500 prominent tax dodgers, extends room for amnesty
24 November 2017The National Economic Council has been informed of the list of 500 tax dodgers made up of some prominent citizens with investments abroad.
Minister of Finance, Kemi Adeosun, explained that... Read More...
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Nigeria Bureau of Statistics reports of accelerated economic growth in Q3
21 November 2017The National Bureau of Statistics on Monday said Nigeria’s economic growth accelerated in the third quarter as oil output increased.
Oil production increased to 2.03m barrels a day in the... Read More...
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N91m Tax Evasion: Lagos state seals 18 hotels, event centres
19 November 2017The Lagos State Internal Revenue Service (LIRS) has shut 13 hotels, restaurants and event centers for failure to pay their taxes due under the Hotel Occupancy and Restaurant Consumption Laws of... Read More...
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