Tag Archives: finance

Minister Reveals FG Is Yet To Spend N2.18Trn From 2018 Budget

Minister of Budget and National Planning, Udo Udoma, has revealed that the Federal Government has only spent N6.938 Trillion of the 2018 budget, leaving N2.18 Trillion unspent. He disclosed this while making his presentation on the 2019 budget in Abuja. Udoma said the 2018 budget performance stood at 79%. “Of the total appropriation of N9.12 Trillion, N6.938 Trillion was spent.

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Access Bank Acquires Diamond Bank

Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN. Another source confirmed that the deal has been sealed, awaiting final ratification from the regulatory body. The acquisition was midwifed by the CBN in a bid

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