Federal Government Receives N835.7 Billion Revenue from MDAs in February

Ministers Reveal Major Increase in Revenue Remitted to Federal Government Nigeria’s Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced a significant surge in revenue remitted to the Federal Government by ministries, departments and agencies (MDAs) and government-owned enterprises (GOEs). In February 2024, these entities remitted a combined N835.7 billion to the…

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Nigeria Secures Remaining $1.05 Billion from Afrexim Bank’s Oil-Backed Loan Facility

Nigeria Secures Remaining $1.05 Billion from Afrexim Bank’s Oil-Backed Loan Nigeria is set to receive the remaining $1.05 billion from a $3.3 billion loan facility provided by the African Export-Import Bank (Afrexim Bank), backed by oil revenues. The disbursement of the balance is expected by the end of May, aimed at revitalizing the economy and…

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