Current exchange rate worrisome – Cardoso

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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

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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

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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

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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...

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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

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The minister of finance, budget and national planning, Mrs. Zainab Ahmed, yesterday said the federal government was is considering tapping into the newly created...

Subsidy payments on petrol gulp N18.39bn daily – Minister

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The minister of finance, budget and national planning, Mrs. Zainab Ahmed, has said that Nigeria spends N18.39 billion daily on petrol subsidy payments. She disclosed...

Buhari halts fresh plan to deduct $418m consultants’ fees from federation...

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President Muhammadu Buhari has directed the minister of finance, budget and national planning, Mrs. Zainab Ahmed stop the deduction of $418 million from the...

FG procures vehicles worth N1.14bn for Niger Republic

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The minister of finance, budget and national planning, Mrs. Zainab Ahmed yesterday confirmed that President Muhammadu Buhari approved the purchase and donation of vehicles,...

FG, states, LGAs share N725.571 as federal allocation for March

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The Federation Account Allocation Committee (FAAC) yesterday shared a total sum of N725.571 billion to the federal government, states and local government areas as...
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