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Category: Economy

Business Economy headline

Lawan calls for reduction in government borrowing

Iheanyi Ejiofor August 23, 2021 No Comments #Ahmed Lawan #borrowing #reduction #legacy projects

By our reporter/ Senate President Ahmed Lawan on Monday called for reduction in external borrowing while advocating the blockage of revenues leakage from government agencies. Lawan who made the call…

Read More Lawan calls for reduction in government borrowing
Business Economy headline

Nigeria to get $3bn from IMF’s $650bn SDRs

Iheanyi Ejiofor August 23, 2021 No Comments #Kristalina Georgieva$650bn special drawing rights (SDRs) #IMF #Nigeria

By our reporter/ Nigeria will receive $3.35 billion as its share of the International Monetary Fund (IMF) $650bn special drawing rights (SDRs) to help boost the liquidity of member countries.…

Read More Nigeria to get $3bn from IMF’s $650bn SDRs
Business Economy

N4.9trn not missing from federation account in the 2019 audit report — auditor-general clarifies

Iheanyi Ejiofor August 19, 2021 No Comments #Adolphus Aghughu #federation account #auditor-general for the federation

The auditor-general for the federation (AuGF), Adolphus Aghughu on Thursday said there is no money was missing from the federation account, clarifying his statement on the 2019 audit report. Aghughu…

Read More N4.9trn not missing from federation account in the 2019 audit report — auditor-general clarifies
Business Economy

FG inaugurates committee to implement petroleum industry act

Iheanyi Ejiofor August 19, 2021 No Comments #inaugurate #steering committee #Petroleum industry act #Timipre Sylva

By our reporter/ Minister of State for Petroleum Resources, Timipre Sylva, on Thursday inaugurated the Steering Committee for the Implementation of the Petroleum Industry Act. The inauguration ceremony came a…

Read More FG inaugurates committee to implement petroleum industry act
Business Economy headline

Akpabio: International oil companies owe NDDC $4bn

Iheanyi Ejiofor August 19, 2021 No Comments #Niger Delta Development Commission (NDDC #Oil companies #Godwill Akpabio #$4bn)

By our reporter/ Senator Godswill Akpabio on Thursday oil firms operating in the Niger Delta have defaulted in their statutory remittances to the Niger Delta Development Commission (NDDC) to the…

Read More Akpabio: International oil companies owe NDDC $4bn

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