Quick breakdown of the 2018 budget

21 June 2018

2018 budget of consolidation breakdown:

Total Expenditure - N9.12tn

Revenue projection - N7.17tn

Recurrent expenditure - N3.51tn

Capital expenditure...

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CBN pumps $210m into the forex market

21 June 2018

The 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...

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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 2018

The 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 2018

President 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...

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Mounir Gwarzo

SEC Director General suspended over financial impropriety

30 November 2017

The 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 2017

50 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...

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FG spots 500 prominent tax dodgers, extends room for amnesty

24 November 2017

The 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...

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Nigeria Bureau of Statistics reports of accelerated economic growth in Q3

21 November 2017

The  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 2017

The 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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