Auditor-General Flags N39bn MDGIF Under-Remittance From Petroleum Revenue
Nigeria’s Auditor-General has raised concerns over approximately N39 billion in alleged under-remittances to the Midstream and Downstream Gas Infrastructure Fund,...
Tag Archives: #NigeriaEconomy
FG Targets Bigger Real Estate Contribution to Nigeria’s GDP
The Federal Government has unveiled an ambition to reposition Nigeria’s real estate and built environment industry as one of the...
DisCos Face Fresh Sanctions as NISO Rejects Repayment Plans Over N1.5tn Debt
Electricity distribution companies in Nigeria could face fresh sanctions over approximately N1.5 trillion in outstanding obligations after the Nigeria Independent...
Naira Strengthens to N1,320/$ as Bond, Treasury Bill Yields Decline
The naira strengthened marginally at the official foreign exchange market on Tuesday as increased demand for government securities pushed yields...
FG Nets Off 97% of DisCos’ N2.6tn Electricity Market Debt
The Federal Government has netted off about 97 per cent of more than N2.6 trillion in outstanding obligations owed by...
Auditor-General Flags N431bn Petroleum Levies Owed by Marketers
Petroleum marketers owe more than N431 billion in legacy transport and bridging obligations to Nigeria’s downstream petroleum regulator, according to...
FG’s N500bn Treasury Bills Offer May Put Pressure on Yields
The Federal Government is set to offer another N500 billion worth of Nigerian Treasury Bills, NTBs, to investors, with analysts...
Naira Gains at Official Market as Parallel Rate Gap Widens to 5.4%
The naira strengthened at Nigeria’s official foreign exchange market in August, supported by improved dollar liquidity and foreign exchange inflows,...
FG Moves to Harmonise Economic Forecasts, Targets Faster Growth
The Federal Government has moved to eliminate conflicting economic projections across its agencies as part of efforts to improve budget...
NMDPRA Identifies Crude Supply and Logistics as Drivers of Fuel Price Volatility
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has identified crude oil sourcing, domestic refining arrangements, logistics and transportation...