Breakdown of N28.77tn budget for 2024 fiscal year
The National Assembly, on Saturday, passed the harmonised 2024 Appropriation Bill totalling N28.77 trillion and increased the budget size by N1.2 trillin, from the...
Tinubu gives assent to N28.78tn 2024 Appropriation Bill
President Bola Tinubu on Monday signed the 2024 budget of N28.78 trillion into law
According to reports, Tinubu arrived who arrived at the Presidential Villa,...
FG begins deduction of 40% from university IGR
The federal Government has commenced implementation of an automatic 40 per cent deduction of internally generated revenue (IGR) of federal universities and other partially...
FG proposes N26.01tn for 2024 Appropriation
The federal xecutive Council (FEC) yesterday proposed the sum of N26.01 trillion for the 2024 fiscal year to be submitted to the national assembly.
The...
Current exchange rate worrisome – Cardoso
The new governor of the Central Bank of Nigeria, Mr Yemi Cardoso has said that the prevailing exchange rate “is very worrisome to everybody”...
N2.34tn spent on debt service in 6 months – DMO Report
A new report by the Debt Management Office (DMO) said the Nigerian government spent N2.34 trillion on debt service in six months.
The country’s debt...
Less than 40 million Nigerians pay tax — RMAFC chairman
The chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr Muhammad Shehu, says Nigerians must endeavour to pay their taxes to boost government revenue...
FG, states, LGAs share N907bn from N1.9trn generated in June
Out of the N1.9 trillion earned in June, only N907 billion will be distributed among the three tiers of government, N790 billion will be...
Senate turns down Buhari’s request to restructure N22trn ways and means...
The senate, in a rowdy session yesterday, rejected the request by President Muhammadu Buhari to restructure the N22.7 trillion ‘ways and means’ loan secured...
FG mulls fresh borrowing from IMF
The minister of finance, budget and national planning, Mrs. Zainab Ahmed, yesterday said the federal government was is considering tapping into the newly created...
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