Category: Financial News Updates
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FG saves N273bn from IPPIS in two years –AGF
(IPPIS), The Federal Government saved about N273.8bn through the implementation of the Integrated Personnel and Payroll Information System (IPPIS). The Accountant-General of the Federation, Ahmed Idris, said this at a…
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FG nets N3.7tr against CBN in five year operations
Apex bank refutes reports on transactions with govt as mischief The Federal Government emerged the highest claimant against the Central Bank of Nigeria (CBN), in a two-way financial activity in…
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Nigeria trapped in low growth path, says Moody’s
A global credit rating agency, Moody’s Investors Service, has said Nigeria is trapped in a low growth path for the time being. The Vice President – Senior Credit Officer, Sovereign,…
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Federal Government (FG) to borrow $2.7bn foreign loan in 2019 – DMO
The Federal Government (FG) will borrow $2.7bn (N824.82bn) from foreign sources in 2019, the Debt Management Office (DMO), has said. In a statement made available to our correspondent in Abuja…
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Debt Management Office: FG to auction N100bn bonds
The Debt Management Office (DMO) has said the Federal Government will auction N100bn worth of bonds by subscription on June 26. A circular by the DMO on Tuesday showed the…
