Buhari signs N17.127trn 2022 Budget into law

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In keeping with the tradition of restoring a predictable January to December fiscal year, as provided for in the constitution, President Muhammadu Buhari Friday...

Lagos, Rivers, three others top list of most indebted states

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The Debt Management Office (DMO) has, in its latest data, revealed that Lagos, Ogun, Rivers, Akwa Ibom and Delta states owe N1.39 trillion out...

FG, states, local councils share N675.946 billion for November

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The federal, states and local councils shared N675.946 billion from the federation account for November on Friday. Acting director of information, ministry of finance, budget...

Nigeria’s public debt stock hits N38trn – DMO

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The Debt Management Office (DMO) has released statistics showing that Nigeria’s total public debt stock rose by N2.54 trillion, from N35.465 trillion at the...

FG rolls out new tax regimes in 2022 – Minister

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The federal government is set to roll out new tax regimes in 2022 saying the economy is now on the path recovery. The minister of...

FIRS, customs’ waivers, under-remittance rob FG of billions of naira –...

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The office of the auditor general of the federation has disclosed that unauthorized waivers granted by both the Federal Inland Revenue Services (FIRS) and...

FAAC shares N671.910bn for FG, states, LGAs

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The Federation Account Allocation Committee (FAAC) shared a total of N671.910 billion to the federal, state and local governments for the month of October. The...

FG seeks 23.73 per cent revenue allocation to local governments

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The federal government has proposed 23.73 per cent revenue allocation to the local governments in the new revenue formula. The secretary to the government of...

Buhari presents N16.39trn 2022 budget to national assembly

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President Muhammadu Buhari yesterday presented the 2022 budget estimate to a joint session of the national assembly. Christened ‘Budget of economic growth and sustainability’, the...

Borrowing unlimited as FG mulls collecting more loans to finance 2022...

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The federal government yesterday hinted that it would have to borrow more to finance the N6.258 trillion deficits in the proposed 2022 budget. The minister...
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