Bet on Nigeria’s Growth, Uzoka-Anite Encourages Global Investors
By Oluwakemi Kindness The Federal Government has called on global investors to tap into Nigeria’s vast opportunities, highlighting the country’s economic pivot and potential for sustainable growth. Minister of State for Finance, Dr. Doris Uzoka-Anite, made the appeal during her address at the Milken Institute Global Conference 2025, New York, USA A statement on Monday […]
CBN Reports Net Reserve Of $23.11bn For 2024
Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Tuesday reports a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024. The NFER stands at $23.11 billion, the highest level in over three years, marking ab increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, […]
FAAC; Federal, State and LGCs Shares N1.678trn
Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared a total sum of N1.678 trillion as February 2025 Federation Account Revenue. The revenue was shared at the March 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale […]
FG Launches ₦250bn MOFI Real Estate Fund
By Oluwakemi Kindness The Federal Government has taken a significant step towards addressing Nigeria’s Housing Finance Gap with the launch of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF). The fund, a two hundred and fifty billion naira initiative is designed to provide low-cost, long-term mortgage financing and stimulate economic growth through […]
FG, States, LGCs Share N1.727trn For November 2024
By Oluwakemi Kindness The Federal Government, States and the Local Government Councils has shared a total sum of N 1.727 trillion, being November 2024. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. The N1.727 trillion revenue comprised statutory revenue of N455.354 billion, Value Added […]