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Reps to Investigate Unclaimed Funds in Commercial Banks
The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks has begun investigation of funds...
FGN Bond Over-subscriptions Hit N1.61 trillion
Investors committed about N3.36tn to Federal Government bonds between January and December 2021. According to an analysis of the FGN...
External Reserves Falls Below $40billion.
The Central Bank of Nigeria, CBN says the external reserves have fallen below the $40billion mark to the lowest point...
Buhari Approves Upward Reviews of Duty Allowance for Public Officers
President Muhammadu Buhari has approved a 100 per cent upward review of Duty Tour Allowance to officers in the federal public service....
African Airlines Record Low Revenue
The African Airlines Association, AFRAA, says African airlines revenue has remained low with many operators battling cash-flow issues. A statement issued...
Federal Government Issues Sukuk Bond to Three Ministries
The Federal Government has given a cheque of N250bn from Sukuk bond to three ministries. The ministries include: Ministry of...
OPEC Approves 1,718,000 Barrels Per Day Oil Production
The Organization of Petroleum Exporting Countries, OPEC, has approved 1,718,000 barrels per day oil production for Nigeria. Saudi Arabia and...
Nigeria Misses Crude Oil Output Target
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of...
Nigeria’s Tax To GDP Ratio Lowest Globally
The Federal Government has said that Nigeria’s eight per cent tax-to-Gross Domestic Product ratio was among the lowest globally. Vice...
Nigerian Exchange Limited Announces the Lifting of $4 billion FGN Eurobonds
The Nigerian Exchange Limited has announced the listing of the $4 billion FGN Eurobonds on its platform. According to a statement,...
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