January 19th, 2017
- Hits: 2
MORE FOREX CRISIS AS SENATE OKAYS N305 TO $1FOR BUDGDET
The Upper legislative chamber yesterday, while passing the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), retained the foreign exchange rate of N305 to the dollar for the 2017 budget - Details on Pages 1& 6 of Guardian Newspaper
January 18th 2017
- Hits: 4
FG’S PLAN TO SECURE FOREIGN LOANS STALLS
The Punch Newspaper reports that the Federal Government’s efforts to secure funds from international lenders to help haul the country out of recession have stalled because it has not submiktted the required economic reform plans.
January 12th 2017
- Hits: 4
The Sun Nigeria page 41
Nigeria may exit recession as W’Bank projects 1% GDP growth in 2017
After recording a worst plunge into recession in over 25 years, in 2016 the World Bank has projected Nigeria could get out of its economic quagmire, and grow its gross domestic product (GDP) by one percent in 2017.
Total Capital Release
- Hits: 0
Please click here to download the Total Capital Release as at October 2016
January 11th, 2017
- Hits: 14
To Avoid Scandal, House Moves to Pass Budget Openly
In a bid to avoid a repetition of budget fraud allegations which plagued the 2016 budget, the details of the 2017 N7.3 trillion budget would be debated and passed openly at plenary and during proceedings by the House of Representatives.
January 9th, 2017
- Hits: 9
Why China withholds $20b concession loan to Nigeria
Multiple negative growth recorded in the economy in 2016 has been identified as one of the reasons the Chinese government withheld a $20 billion concession loan earlier promised Nigeria upon due verification, The Guardian has learnt.
January 6th, 2017
- Hits: 6
FG sets aside N177bn to retire maturing bonds
The Federal Government has set aside a total of N177.46bn in the 2017 budget as a sinking fund to retire maturing bond obligations.