Federal Allocation: FG, states share N655bn in April
The Federation Account Allocation Committee (FAAC) says it shared N655.93bn among the three tiers of government in April 2023. The
Read More
ECONOMY
Okonjo-Iweala warns incoming Governors against debt acquisition
Director General of the World Trade Organisation (WTO), Dr. (Mrs) Ngozi Okonjo Iweala has warned incoming State Governors against
Read More
Nigeria’s headline inflation rises to 22.22% in April – NBS
The National Bureau of Statistics (NBS) said on Monday that Nigeria’s headline inflation rate rose to 22.22 per cent in
Read More
Budget Office raises concerns over Nigeria’s rising debt profile
The Director-General of the Budget Office, Ben Akabueze, has raised alarm that Nigeria was fast exceeding its limited borrowing space
Read More
FG justifies award of N327.34bn contracts few days to end of tenure
The Federal Government on Wednesday justified the award of multi billion naira contracts for various ministries and agencies in less
Read More
DMO sheds more light on CBN’s N22.7tn emergency loan to FG
The Debt Management Office (DMO) has said the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal
Read More
Nigerians lose confidence in naira, over 40% of savings in banks are in U.S dollars – IMF
Over 40 per cent of deposits in Nigerian banks are denominated in United States (U.S.) dollars, the International Monetary Fund
Read More
Senate approves 22.7trn CBN ‘Ways and Means’ loans to FG
The Senate on Wednesday approved the request of President Muhammadu Buhari to restructure the N22.7 trillion loans the Central Bank
Read More
Fuel subsidy removal on course, FG clarifies
The Federal Government, on Friday, said it has not suspended the removal of fuel subsidy. On Thursday, Minister of Finance,
Read More
FG will curb revenue leakages with Finance Act, PIA, says Accountant General
The Office of the Accountant-General of the Federation (OAGF) has said that it has taken measures to end revenue leakages
Read More