Federal Government

FG records ₦397 billion deficit in May: report

Federal Government, Nigeria recorded ₦397 billion deficit in May due to slowdown in economic activities, which occasioned 48 per cent shortfall in federally collected revenue for the month. The Central Bank of Nigeria, CBN, disclosed this in its economic report for May released weekend. The report, among other things, revealed that federally collected revenue for […]

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NNPC posts N24bn deficit in one month

The Nigerian National Petroleum Corporation, NNPC, yesterday, announced a deficit of N24.18 billion for the month of July 2016. The NNPC, in its Monthly Financial and Operations Report for July 2016, stated that compared to a loss of N26.51 billion recorded in June. According to the report, ‎the deficit was in spite of an improvement […]

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