Nigeria Foreign Reserves Gain $449.5m
Nigeria’s foreign reserves have returned to a growth path, gaining $449.5m in one week, figures from the Central Bank of Nigeria (CBN) have revealed. According to the CBN, the reserves…
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Federal Government of Nigeria Receives $312m Abacha Loot From United States
The Federal government of Nigeria has confirmed the receipt of $312 million of the Abacha loot from United States of America, the Attorney-General of the Federation and Minister of Justice,…
Continue readingNigeria Foreign Reserves Shed $5.09bn In Four Months, Drops to $38.53bn
Nigeria’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020, to $33.44bn as of April 28, 2020. According to the figures latest statistics…
Continue reading8 Major Cut-off from FG 2020 Budget Reduction
The Federal government of Nigeria on Wednesday announced a reduction in its 2020 budget expenditure and projections, check out the eight major cuts made in the 2020 budget as passed…
Continue readingBREAKING: Nigeria To Borrow $6.9 Billion To Offset Covid-19 Impact On Economy
The Federal government of Nigeria has indicated plans to raise $6.9 billion from multilateral lenders to offset the impact of the COVID-19 pandemic on the economy of the country. The…
Continue readingFG May Further Cut 2020 Budget As Crude Oil Price Drops To $20
Considering the latest dip in the crude oil price at the international market, the Federal government of Nigeria may have to review the oil price benchmark for 2020 budget as…
Continue readingFG Cuts Oil Benchmark for 2020 Budget To $30 Per Barrel
In the face of dwindling oil revenues, the Federal Government of Nigeria has proposed the reduction of the crude oil benchmark for 2020 budget from $57 to $30 per barrel….
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