Finance & Economy - Page 286

Capital Budget Receives Boost As FG Releases N1.3trn Fund

THE Federal Government has released N1.3trn to fund part of the 2021 capital expenditure budget of its Ministries, Departments and Agencies, MDAs. The amount represents 63.5% of capital budget of the year.

Editor

August 25, 2021

Oil & Gas·Top Stories

Lawan Denies Taking Bribe To Pass PIB

PRESIDENT of the Senate, Dr. Ahmad Lawan, has denied the allegation that the leadership of the National Assembly and its members collected huge sums of money to pass the controversial Petroleum Industry

Editor

August 24, 2021

Finance & Economy·News·Top Stories

IMF Begins Allocation Of $650bn SDR To Member States

THE International Monetary Fund (IMF) has commenced the allocation of its $650bn Special Drawing Rights to member countries. The Managing Director of IMF, Ms Kristalina Georgieva, said it was the largest allocation

Editor

August 24, 2021

Currency·Finance & Economy·Top Stories

Dogecoin Holders Increase From 9% To 25% In Six Months

A blockchain data platform, Chainalysis has said dogecoin, one of the major cryptocurrencies, is now being adopted by new investors at levels not seen since 2017. In a market intelligence report on

Editor

August 24, 2021

Finance & Economy·Top Stories

Nigeria’s Economy To Grow By 2.6% In Second Quarter

FINANCIAL Derivatives Company (FDC) has predicted that Nigeria’s economy will grow by 2.6% in the second quarter of this year, up from 0.51% in the first quarter. Analysts at FDC, headed by

Editor

August 24, 2021

Finance & Economy·Top Stories

Bitcoin Rises Above $50,000

BITCOIN returned to above $50,000 on Monday for the first time in three months as investors stack back into the cryptocurrency on bargain-buying. The unit ascended around 2% to $50,249.15, its highest

Editor

August 23, 2021

Fayemi Debunks Report Of Alleged N4bn Fraud Case At EFCC

Finance & Economy·Top Stories

Governors Canvass 42% Of National Revenue For States

GOVERNORS have recommended that 42% of national revenue accruing to the Federation Account go to states and 35% to the Federal Government. Ekiti State Governor and Chairman of the Nigeria Governor’s Forum

Editor

August 23, 2021

Finance & Economy·Top Stories

Fintech Can Transform Capital Market – NGX CEO

THE Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has said fintech companies have the potential to transform the capital market and effectively build a digital economy. He made

Editor

August 23, 2021

Finance & Economy·Top Stories

CBN Warns Microfinance Banks Against Selling Forex

THE Central Bank of Nigeria(CBN) has issued a warning to microfinance banks against performing activities that they are not permitted to indulge in, which includes wholesale backing and foreign exchange transactions. This

Editor

August 22, 2021

Finance & Economy·News

Vertical Revenue Sharing Formula Will Be Reviewed By FG – RMFAC

THE Federal Government has said it will review the extant vertical revenue allocation formula to the three tiers of government in the country. The Commissioner, Revenue Mobilisation and Fiscal Allocation Commission, Alhaji

Editor

August 22, 2021

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Finance & Economy - Page 286

Capital Budget Receives Boost As FG Releases N1.3trn Fund

Lawan Denies Taking Bribe To Pass PIB

IMF Begins Allocation Of $650bn SDR To Member States

Dogecoin Holders Increase From 9% To 25% In Six Months

Nigeria’s Economy To Grow By 2.6% In Second Quarter

Bitcoin Rises Above $50,000

Governors Canvass 42% Of National Revenue For States

Fintech Can Transform Capital Market – NGX CEO

CBN Warns Microfinance Banks Against Selling Forex

Vertical Revenue Sharing Formula Will Be Reviewed By FG – RMFAC

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