The proposed Mortgage Refinance Company (MRC) being promoted by the Federal Government to address the acute housing problem in the country, is billed for launch in the first quarter of 2014. Initially planned to kick off in November 2013, the federal government is said to have decided to shift the […]
Tag: Federal Government
2014: FG Projects N4.5tn Budget, Sets Oil Benchmark at $74/bl
The federal government is set to propose a budget of N4.495 trillion for the fiscal year 2014 that will be predicated on an oil revenue benchmark of $74 per barrel. While the proposed budget projection translates to a N492 billion reduction from the N4.987 trillion appropriated by the National Assembly […]
FG raises N55bn from debt market
The Federal Government raised a total of N55bn from the debt market in July, it was learnt on Thursday. This amount represents an increase of 34.19 per cent or 164 per cent over N20.81bn borrowed by the regulatory authority in the month of June. This information was contained in the […]
