Newsfront Online …Telling the Public as it is

… Figures account for projects in only 2 ministries The federal government has persisted in its trend of lopsided financial allocations in the annual budget, contrary to the intended purpose of even wealth distribution. Investigations by this newspaper reveal that ...

The federal government in the last three months of 2023 raked in N2.33trillion in Value Added Tax (VAT) and Company Income Tax (CIT), a decline from N2.73trillion which it made in the preceding quarter between July and September last year. ...

Inflationary pressure in Nigeria has continued on a rise with the National Bureau of Statistics (NBS) data showing that headline inflation rate increased to 31.70% relative to the January 2024 headline inflation rate which was 29.90%. That implies that in ...

… Says no case of padding in 2024 budget  The federal government has said a total of N160 billion was voted for consumer credit and implementation of student loan scheme in the 2024 national budget. Minister of Budget and Economic ...

The Central Bank of Nigeria (CBN) has re-emphasised that banks are barred from paying dividends to shareholders or spend on operating expenses from foreign currency revaluation gains but are expected to set the gains aside. Foreign exchange revaluation gains occur ...