The Federal Government recorded a fiscal deficit of N1.1 trillion between January and August this year, the Budget Office of the Federation has revealed. It would...
Owing to dwindling revenue of Nigeria and rising cost of servicing new loans, the federal government has stressed the need to part finance 2018 budget with...
The House of Representatives has approved President Muhammadu Buhari’s request to borrow $2.78 billion as part of capital funding for the 2018 budget, even as it...
Following expected shortfall in independent revenue and recoveries, fiscal deficit in the 2018 budget is likely to widen by about 132 percent, according to a report...
Governor Yahaya Bello of Kogi State says the federal government is not planning to sell the Ajaokuta Steel Complex. Bello said this on Thursday after meeting...
The Federal Government has released a total of N460 billion out of the N9.12 trillion estimated in the 2018 national budget. The amount is part the...
President Muhammadu Buhari on Tuesday wrote to the Senate seeking approval to raise $2.78 billion Eurobonds as part of the capital funding for the 2018 national...
The Central Bank of Nigeria (CBN) said it expects to maintain its tight monetary policy stance until the inflationary pressures ease towards it target band as...
The Bureau of Public Enterprises (BPE), an agency of the Federal Government, has called for Expressions of Interest from prospective investors who are interested in buying...
Nigeria’s dependence on the oil sector as its major source of foreign exchange earnings was responsible for the country’s high unemployment rate, a former United Nations...
The Federal Government bond auction for August 2018 aimed at funding capital expenditure in the 2018 Budget was oversubscribed on Wednesday, the Debt Management Office (DMO)...
The Federal Government has offered for subscription two savings bonds to investors for August 2018 as part of the capital raising for the 2018 Budget. The...
About two months after President Muhammadu Buhari assented to the Appropriation Act, the federal government may begin the release of funds for the implementation of the...
The Peoples Democratic Party (PDP) Wednesday condemned the presidency’s request for N242 billion to conduct the 2019 elections from the 2018 budget, saying it posed a...
Nigeria’s crude oil and condensate production has dropped to 1.89 million barrels per day (mbpd), indicating over 0.41 mbpd shortfall projected in the 2018 budget, data...
The National Youth Service Corps is set to spend about N87,000,000 to purchase 2000 life jackets for corps members, especially those posted to the riverine communities...
Speaker of the House of Representatives, Yakubu Dogara, has urged President Muhammadu Buhari to assent to the constitutional amendment Bill which provides for early submission of...
Details of the National Assembly’s N139.5 billion allocations in the 2018 national budget will not be kept secret from the public, Senate President, Senator Olusola Saraki...
Indications have emerged that the Federal Government of Nigeria (FGN) will incur more debt by paying more than it planned to fund the 2018 Budget deficit,...
Since 2016 when he presented his first ever budget as a civilian, President Muhammadu Buhari has had issues with the National Assembly such that questions now...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) weekend, expressed displeasure over cutting of allocations worth N11.5 billion to critical infrastructure like roads in...
From the presentation of the 2018 Budget to a joint session of the National Assembly to the signing of the budget by President Muhammadu Buhari on...
The National Assembly said it made cuts to 4,700 projects amounting to N347 billion to support the generation of employment for youths by Micro, Small and...
The National Assembly has raised the budget allocation to the Presidency by N7.9 billion, a breakdown of the 2018 Budget released on Friday and obtained by...
Minister for Budget and National Planning, Udoma Udo Udoma on Thursday made a Public presentation of the 2018 budget. Read Also: BUDGET 2018: Nat’l Assembly actions a...
Socio-Economic Rights and Accountability Project (SERAP) has reacted to assertions that the National Assembly cut some proposed expenditures for capital projects in the 2018 budget. The...
The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari of exhibiting “unpardonable ignorance” on Wednesday when he signed 2018 budget into law. The party also...
President Muhammadu Buhari says the National Assembly added a sum of N14.5 billion to its budget upon passage, even as it cut budgetary provision for some...
About six months into the year, President Muhammadu Buhari on Wednesday signed the 2018 Appropriations Bill into law. Buhari signed the budget as passed by the...
President Muhammadu Buhari will sign the 2018 Appropriation Act into law on Wednesday. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu,...
There were indications, last night, that President Muhammadu Buhari was unhappy with 2018 budget finally passed by National Assembly and transmitted to him to append his...
President Muhammadu Buhari will sign the 2018 Appropriation Bill into law on Tuesday, Minister of Information, Lai Mohammed, told Reuters in London on Friday. The Special...
President Muhammadu Buhari is to sign the 2018 Appropriation Bill recently passed by the National Assembly, into law next week. This was made known on Wednesday...
In what seems a yearly routine, the 2018 budget process has suffered months of delay at every phase of the process like every other budget recently...
The Presidency has commenced the vetting of the details of the 2018 Budget bill passed as the National Assembly. The lawmakers passed a budget of N9,120,334,988,225...
The recent closure of the Trans- Forcados Pipeline (TFP) following the May 7, 2018, suspected explosion on the facility at the Diebiri-Batan community in Warri, South...
The 2018 budget is set to face further delay despite its passage by the National Assembly yesterday. Daily Trust correspondents report that after the passage of...
The National Assembly on Wednesday passed the 2018 Appropriations Bill after more than six months it was presented by President Muhammadu Buhari. Buhari presented a N8.612...
The National Assembly has raised the figures of the 2018 Appropriation Bill from N8.612 trillion earlier presented by President Muhammadu Buhari to N9.120 trillion. The breakdown...
The Senate has said that the report by the Joint Senate and House of Representatives’ Committee on Appropriation on the 2018 Appropriation Bill will be considered...
There are strong indications that the N8.612 trillion 2018 budget christened “Budget of Consolidation’’ may suffer longer delay as the National Assembly (NASS) awaits further submissions...
Barring last minute changes, the National Assembly would receive the report on the 2018 budget from its joint Committee on Appropriation tomorrow (Wednesday), The PUNCH learnt...
The planned passage of the 2018 budget today (Tuesday) by the National Assembly is no longer feasible. Investigations on Monday indicated that the N8.612tn budget would...
The Senate president, Bukola Saraki, has mandated chairmen of all standing committees to submit reports of their various committees on the 2018 budget to the Senate...
The federal government and the Senate have again presented different narratives as to what is the cause of delay in the passage of the 2018 Appropriation...
The Anambra State House of Assembly is poised to pass the 2018 appropriation bill this week. This indication was given yesterday after the ministries finished their...
Minister of Finance Kemi Adeosun says under her watch, Nigeria has developed a buffer that helps it cope well with low oil prices. The minister said...
The House of Representatives Committee on Police Affairs has explained why it rejected the 2018 budget proposals presented to it by the leadership of the police....
The Secretary to the Government of the Federation (SGF),Boss Mustapha, Thursday hinted that the Federal Government may not fully implement the 2018 budget if the National...
Hopes of reversing some of the negative trends in the nation’s economy may be dimmed by the Federal Government’s inability to fix the problems that have...