AUGUST 21st, 2017
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Nigeria’s debt reaching critical levels — NEITI
ABUJA — The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, expressed concern over Nigeria’s level of indebtedness, declaring that Nigeria’s debt in relation to revenues appears to have reached critical levels.
Details In Vanguard Newspaper Page 4
Federal, states, councils share N2.8tr in six months
The three tiers of government – federal, states and local governments – shared N2.788 trillion between January and June this year, Nigeria Extractive Industries Transparency Initiative (NEITI) said yesterday.
Details In Nation Newspaper Page 8
FAAC: How FG, 36 States Shared N2.56trn In 6 Months
The federal government and 36 states of the federation including the Federal Capital Territory (FCT) have so far received the sum of N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC) as monthly allocations, investigation by Economic Confidential magazine has revealed.
Details In Leadership Newspaper Page 32
External Reserves Chalk up $1.26bn as Shale Oil Threat Persists
The accretion of Nigeria’s foreign exchange (forex) reserves has continued, as figures released by the Central Bank of Nigeria (CBN) have shown that reserves had grown by $1.263 billion this quarter to $31.551 billion as of August 16, compared with the $30.288 billion on June 30.
Details In This Day Newspaper Page 1&12
MTEF and the 7% target for 2020
The year 2000 was once the magic year when Nigeria was projected to reach most of her developmental goals, but as we have seen, this did not happen.
Details In Vanguard Newspaper Page 18