Check your rising debt service –  IMF warns Nigeri

The International Monetary Fund (IMF) has cautioned the Federal Government to be mindful of the country’s rising debt service to revenue ratio and take steps to mitigate the situation. IMF Senior Resident Representative in Nigeria Mr. Amine Mati issued the warning in Abuja at the public presentation of the “Regional Economic outlook: Sub-Saharan Africa, Capital […]

Crude oil production in the USA reaches world record high

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the U.S. low reached a […]

N-Power graduates to receive stipends beyond Dec. 2018

The Federal Government has decided to continue paying the stipends of the N-Power 2016 Batch 1 beneficiaries beyond the expiry month of  December 2018,  the presidency said. The statement issued by Laolu Akande, Senior Special Assistant to the President on Media and Publicity Office of the Vice President, on Monday in Abuja, said funding for […]

FAAC: BUHARI ASKED FOR A NEW TEMPLATE TO END DEBACLE… AS FG, STATES, LGAs SHARE N821b

By: Bruno Uche The Minister of Finance, Kemi Adeosun, said that the Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) are to agree on a revised template for remittance of revenue to the Federation Account. Share on: WhatsApp