The Federal Government on Monday said it had injected fresh $550m (N88bn) into the Sovereign Wealth Fund for investment in the power sector. The fund is being managed by the Nigerian Sovereign Investment Authority The Minister of Finance, Dr. Ngozi Okonjo-Iweala, stated this while briefing journalists at the headquarters of […]
Author: InvestAdvocate
Federal Government, states owe N10tn – DMO
The federal and 36 state governments as well as the Federal Capital Territory owe N10.04tn ($64.51bn) as of December 31, 2013, the Debt Management Office has said. Statistics obtained from the website of the DMO on Monday showed that 86.32 per cent or N8.67tn of the total debt stock was […]
NNPC, CBN, others submit budget details to Reps
Twenty-one Federal Government agencies, including the Nigerian National Petroleum Corporation and the Central Bank of Nigeria, have bowed to the House of Representatives by submitting budget details of their expenditure for this year. The budget details of the agencies were the cause of a row at the House on Tuesday […]
