FEC approves N13.08trn budget proposal for 2021 fiscal year

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The federal executive council on Wednesday approved N13.08 trillion budget proposal for the 2021 fiscal year. The minister of...

Buhari seeks NASS approval of N148bn for reimbursement to five states

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President Muhammadu Buhari has written to the House of Representatives seeking the approval for the federal government to refund N148 billion to...

FG apologises for FIRS’s new directive to account holders in financial...

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The federal government on Friday apologised to Nigerians over a directive by the Federal Inland Revenue Service (FIRS) to account holders in...

FG, states, LGAs shared N3.8tn in 6 months

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The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday released data showing that the Federation Accounts Allocation Committee (FAAC) shared N3.879 trillion among...

FEC approves N13bn for airport automation, $3.1bn for NCS

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The federal executive council yesterday approved N13 billion for the automation of safety equipment at the Lagos, Kano, Abuja, and Port Harcourt...

Senate threatens 50 revenue generating agencies with zero allocation in ...

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The senate yesterday threatened revenue generating agencies with zero allocation in the 2021 budget should they fail to appear before it and...

FG spends N1.57tn on debt service in six months – minister

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The minister of state for budget and national planning, Mr. Clem Agba has said that the federal government spent a total of...

States get $750m World Bank facility for speedy economic recovery

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The 36 states of the federation are introducing tax relief programmes to mitigate the unending toll of the COVID-19 pandemic on businesses...

Oil and gas exports yield $4.47bn – NNPC

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The Nigerian National Petroleum Corporation (NNPC) has released the full report of its activities for May 2020 stating that oil and gas...

FG pays $461m out of $3.313bn loans from China loans –...

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A document posted on the website of the Debt Management Office (DMO) shows that Nigeria has paid $461.89 million (about 13.4 per...
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