CBN, NNPC, NCS under fire for withholding excess revenue

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The senate committee on finance yesterday accused the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC) and Nigeria Customs Service...

FG borrowing responsibly, sensibly – Minister

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The minister finance, budget and national planning, Mrs. Zainab Ahmed, has defended the spate at which the federal government take foreign loans...

PIA: FIRS envisages drop in government’s revenue in 2022

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The chairman of Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has envisaged a fall in government’s revenue expected from petroleum profits...

FG proposes N5.62trn to finance 2022 budget deficit

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The federal government has proposed to borrow N5.62 trillion to finance budget deficits in the 2022 fiscal year. This...

Senate approves Buhari’s request for N2.3trn external loan

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The senate on Wednesday approved President Muhammadu Buhari’s request for the authorisation of $6.183 billion (N2.343 trillion) as external borrowing in the...

FG, states, local governments share N605.9bn for May

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The Federation Accounts Allocation Committee (FAAC) yesterday shared a total sum of N605.958bn as federation allocation for the month of May to...

Senate passes N895.8bn supplementary budget next Tuesday

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The senate is set to pass the request made by the President Muhammdu Buhari for a supplementary budget of N895, 842,465,917.00 next...

Shocker as NNPC deducts N126bn from June remittance to FAAC

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The three tiers of government, federal, states and local governments had better braced for a shortfall in revenue allocation from the federation...

Bleak May for FG, states, LGA as NNPC makes zero remittance...

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The Nigerian National Petroleum Corporation (NNPC) has announced that it will remit nothing to the federation account in the month of May...

Senate okays N11.35bn NPTF budget

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The senate yesterday approved N11, 352,457,101.70 as the budget for the Nigeria Police Trust Fund (NPTF) in the 2020 fiscal year.
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