AS the Federal Government continues to crowd out corporate reorganizations from the money market with high interest on treasury bills, OMO, bonds and other financial instruments, debts servicing costs continues to soar, while productivity diminishes. A report released on Friday, 22 December, 2017, which showed that 8 million jobs were lost in Nigeria in 12 […]
…Draws up daily, monthly cash payment plan The Minister of Finance, Mrs. Kemi Adeosun has said that his ministry has synergized effectively with the Office of the Accountant General Of the Federation (OAGF) by adhering strictly to Fiscal Responsibility Act. Adeosun also disclosed that beyond this, her ministry has also drawn up daily, monthly cash […]
Retired staff of the 30 Local Government Councils in Osun state have said that the state owes them a year of pensions, explaining that non-payment of their entitlements had worsened their living conditions, making life unbearable for many of them. The coordinator, Forum of Local Government Retirees, Lanre Fadahunsi, noted that in the last 24 […]
The Federal government of Nigeria through its Debt Management Office on Wednesday announced its plan to target retail investors with a new savings bond that will go on sale this month. The debt office said the bonds will be offered in Two- and three-year maturities, with interest paid quarterly. The interest rate has yet to […]