A Federal High Court in Abeokuta has issued an interim order barring the federal government from accessing unclaimed dividends of capital market shareholders worth more than...
The federal and state governments borrowed at least N107.1 billion from Nigerian banks in the first five months of this year to make up for revenue...
The Federal Government has received applications for tax relief from 24 Nigerian businesses in the first three months of the year, with 10 rejected. The Nigerian...
The Federal Government has explained why the Nigerian currency was devalued again, the third time in just a year. According to Zainab Ahmed, Minister of Finance,...
Nigeria’s dwindling finances came under intense pressure again in the first five months of the year, as the federal government borrowed at least N1.3 trillion to...
The Federal Government of Nigeria recorded a fiscal deficit of N3.01 trillion in first five months of 2021, reflecting the country’s worsening finances. Figures obtained from...
The Nigerian government is currently negotiating a fresh $14.4 billion loan which is about N5.9 trillion to finance two rail lines in the country. Minister of...
The House of Representatives was thrown into a rowdy session after top government functionaries invited to appear before the Ad Hoc Committee investigating the status of...
The Ministry of Finance, Budget, and National Planning is to interface with the Nigerian Army on improved funding for security operations in the country. This was...
The Minister of Finance, Zainab Ahmed has revealed plans by President Muhammadu Buhari to cut the salaries of Federal civil servants. The minister disclosed this on...
The Federal Government has warned that the country may experience some difficult period in the future due to its ailing revenues and finances. This was contained...
Nigerians are now expected to pay more for petrol after the Federal Government resolved to end fuel subsidy in a bid to secure the World Bank’s...
Governor of Edo State, Godwin Obaseki, has asked the Federal Government to find a solution to Nigeria’s economic challenges, instead of playing the ‘Ostrich’. Obaseki was...
The federal government has criticised the Governor of Edo State, Godwin Obaseki, over allegations that N60 billion was printed in March to fund federal allocation to...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Wednesday Federal Government would spend N296 billion on COVID-19 vaccinations in two years. The...
Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed has raised the alarm that the food situation in Nigeria and other African countries were unsustainable,...
The National Bureau of Statistics (NBS) has revealed that 61 percent of Nigeria’s public debt portfolio of N32.92 trillon is domestic. This was revealed in its...
The Federal Government on Monday announced another currency reform as Naira falls across foreign exchange markets in the country. The Minister of Finance, Budget and National...
On Thursday, The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed that the nation’s excess crude account (ECA) balance as at March 16,...
The Securities and Exchange Commission (SEC) said Nigeria’s rising debt is a threat, but the Finance Minister of Nigeria, Zainab Ahmed, said the borrowing will continue...
Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an...
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has stated that the Finance Bill 2020, was designed to reduce import duties on some...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Monday said the federal government had released a total sum of N1.74 trillion to...
Nigeria’s minister of finance, budget and national planning, Zainab Ahmed, said the Federal Government is drafting a Strategic Growth Revenue Initiative (SGRI) 2.0 to improve Nigeria’s...
In 2020, Nigeria spent N3.2 trillion paying its debt. The Minister for Finance, Zainab Ahmed disclosed this during a public presentation of the 2021 FGN approved...
Expectedly, the Aso Rock Villa was a beehive of activities in the past week. President Muhammadu Buhari and his team spent most of their time bearing...
The Nigerian government has met the precedent conditions for a $1.5 billion budget-support credit from the World Bank and, in so doing, approaches the consummation of...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Wednesday Nigeria land borders with other neighbouring countries in West Africa would be reopened...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, expressed optimism on Monday that Nigeria would exit recession soon, raising hopes that Africa’s biggest economy...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Monday President Muhammadu Buhari’s administration is working “round-the-clock” to reverse Nigeria’s economic woes. Nigeria...
The Nigerian government said it was set to take another $750 million loan facility from Washington-based World Bank to ramp up the economies of states and...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Friday inflation rate in Nigeria was largely driven by the cost of transportation. The...
Nigeria will borrow $1.2 billion from Brazil to fund various agricultural schemes next year, Minister of Finance, Budget and National Planning Zainab Ahmed told the House...
Beneficiaries of the Nigerian government’s N75 billion youth entrepreneurial support fund will be able to access between N250,000 to N5 million each, Minister of Finance, Budget...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has lamented the level of moral decadence among Nigerian children and said that the parents have...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Saturday the Federal Government has created a N25billion youth empowerment fund in a bid...
Nigerian government’s wage bill climbed by 150 per cent in the five-year period between 2015 and 2020, Minister of Finance Zainab Ahmed said Tuesday at the...
The Federal Government, states, and local government councils had shared N682 billion as revenue allocation for the month of August. The Permanent Secretary, Ministry of Finance,...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Nigerian economy fared better than analysts’ projections for the second quarter of 2020....
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Monday Nigeria’s revenue had dropped by about 65 percent. The minister, who disclosed this...
Dangote refinery may not reduce the price of petrol significantly when it begins operations as it will be selling the product at the international price, Minister...
The Minister of Finance, Zainab Ahmed, on Monday, in what appeared a contradicting to the presidency, said prices of food products in the country were going...
Local contractors on Monday embarked on a protest at the headquarters of the Federal Ministry of Finance, Budget and National Planning to protest against the non-payment...
The Federation Accounts Allocation Committee (FAAC) has distributed the sum of N676.407 billion for July 2020 federation account revenue to the federal, states and local government...
The Nigerian government hopes to amass income of between N13 and N18 trillion through oil and non-oil means with a view to bolstering its revenue to...
Nigeria’s Excess Crude Account, which contains surplus cash from extra crude sales above budget benchmark, plunged from $324.54 million to $72.41 million in the roughly 8-month...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) and the Fiscal Strategy...
The Federal Executive Council (FEC) on Wednesday approved N2.3 trillion stimulus package to support the Nigerian economy in the face of the disruptions and challenges of...
A restructuring and rationalization of federal government parastatals, commissions and agencies has been ordered by the Federal Government of Nigeria. The directive issued by the presidency...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said Wednesday the Federal Government had disbursed the sum of N43,416,000,000.00 ($120.6 million) to 24 states...
