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...
Subsidy payments on petrol gulp N18.39bn daily – Minister
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...
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
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
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...
NNPC deducts N328bn as fuel subsidy from April allocations to FG,...
The Nigerian National Petroleum Company Limited has announced the deduction of N328 billion as petrol subsidy from what would be shared by the Federation...
Nigeria’s debt stock climbs to N39.556trn
The director general of the Debt Management Office (DMO) Ms. Patience Oniha has revealed that Nigeria’s total debt stock as at December 2021 stood...
Audit report indicts NCS, NIS, 13 others for failure to remit...
The office of the auditor general of the federation has disclosed that 15 ministries, departments, and agencies failed to remit N127.13 billion revenue to...
Buhari signs N17.127trn 2022 Budget into law
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
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...