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The Accountant General of the Federation, Alhaji Ahmed Idris on Monday in Kano allayed the fear that servicing the Country’s debt at the rate of 70 percent of the total national income will not destabilized the economy. Ahmed who spoke when he paid a traditional homage on the Emir of Kano,Muhammadu Sanusi II, at his […]

The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle. Electricity generation has been hovering around 2,600MW and 3,800MW as of 6.00 am every day since the start of this month, according to data obtained by our correspondent. It plunged to […]

Oil prices extended gains Monday as rising US-Iran tensions fuelled supply concerns, while Asian equities also edged up ahead of a crunch meeting between Donald Trump and Xi Jinping this week. Both main crude contracts are up almost 10 percent since Tehran last week shot down a US “spy drone” for breaching its airspace, ratcheting […]

Deposit Money Banks have given about N241.87tn loans to manufacturing, agriculture, oil and gas firms and companies operating in 15 other sectors of the economy in the last four years, IFEANYI ONUBA reports. The total credit of Deposit Money Banks to the manufacturing, agriculture, oil and gas firms and companies operating in15 other sectors of […]

The Association of Chartered Certified Accountants on Thursday said it would collaborate with the Federal Government to tackle some of the accounting gaps in the public sector. It also called on professional accountants to take the lead in the current reforms being carried out by the government in the management of public finances. The Head, […]

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