Nigeria’s Foreign Reserves received a $200 million boost on Tuesday, September 29, 2020, following the order of the London Commercial court, instructing the release of the $200million guarantee put in place as security for the stay of execution granted Nigeria for the appeal filed against the judgment of Justice...
African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, announces $100 million financing to enable its Member States to procure COVID-19 related medical resources through the Africa Medical Supplies Platform (AMSP).
The funding is available to African governments to acquire medical supplies through the AMSP in the form of pre-approved...
The Nigeria Deposit Insurance Corporation (NDIC) Academy has been recertified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years effective June, 2020 by the Council of the Chartered Institute of Bankers of Nigeria (CIBN).
The recertification, according to...
The Chairman and Members of the Investment and Securities Tribunal have been urged to diligently work together to discharge the responsibilities of the tribunal.
This was stated by the Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, on the occasion of the swearing–in in Abuja of Barrister...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N682.060 billion August 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.
This was made known after the monthly Federation Account Allocation Committee (FAAC) meeting for September 2020 held through virtual conferencing; chaired by...
Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has continued to record significant increase in collectable tax revenue from the non-oil sector of the economy.
Executive Chairman, FIRS, Mr. Muhammad Nami, disclosed this on Tuesday in Abuja during a courtesy...
The African Development Bank (AfDB)’s Board of Directors on Wednesday approved $27.33 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic.
The approval follows a meeting of the extended Bureau of the Conference of Heads of State and Government...
The Debt Management Office (DMO), has released information on the Public Debt Stock as at June 30, 2020.
The data shows that in Naira Terms, the Total Public Debt Stock which comprises the Debt Stock of the Federal Government, the 36 State Governments and the Federal Capital Territory stood at...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that the Federation Accounts Allocation Committee (FAAC) shared a total of N3.879 trillion to the Federal Government, states, local government areas and other statutory recipients in the first half of 2020.
A breakdown of the disbursements showed that N1.53 trillion went...
