The National Economic Council (NEC) on Thursday suspended the removal of fuel subsidy. The Federal Government had earlier planned to remove the fuel subsidy in June...
The Nigerian government has explained how N612.56 billion through Sovereign Sukuk between 2017 and 2021 was used for infrastructural developments in the country. Minister of Finance,...
The Federal Government has criticised the international rating agency, Moody’s, stating that the agency doesn’t have an understanding of Nigeria’s economy. Ripples Nigeria had reported that...
Despite the pains faced by Nigerians due to the scarcity of the redesigned Naira notes, the Federal Government has said the situation is temporary since it...
The Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been given three days to provide details...
The Minister of Finance, Zainab Ahmed, has stated that Nigeria no longer depends on oil revenue, compared to 2016, a year after President Muhammadu Buhari’s administration...
Tax relief applications by Aliko Dangote’s coal company, Flour Mills Nigeria Plc, Max Air, and about 169 other corporations are likely to be rejected by the...
Nigeria is in a strong economic position, according to Zainab Ahmed, Minister of Finance, Budget, and National Planning. Ahmed spoke at the 6th edition of President...
The federal, states and local councils shared a total sum of N736.7 billion as revenue allocation for October. The Director of Information/Press, Ministry of Finance, Budget...
In the next few weeks, several state governments will receive N1 billion each from the federal government as the last trench of the performance-based award under...
Former Deputy Governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, has reacted to a statement credited to the Minister of Finance, Budget and National Planning,...
The Federal Govermment has allocated N470 billion in its 2023 budget for university revitalization and salary increases for academics. The amount was specifically included in the...
The Federal Government stated on Tuesday that the best actions to significantly reduce external borrowing and lower Nigeria’s huge debt burden remained the collection of additional...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Tuesday the risk of bank failure in Nigeria has increased due to the rise...
The Senate committee on finance has rejected the N6 trillion tax and import duties waivers proposed by the Federal Government in the 2023 budget, stating that...
The Central Bank of Nigeria (CBN) has revealed that the federal government spent N2.78 trillion more than its revenue in the first five months of 2022....
The Nigerian Customs Service (NCS) has claimed that the Nigerian National Petroleum Company (NNPC) Limited (previously known as the Nigerian National Petroleum Corporation) is unable to...
The Federal Government will once again depend heavily on domestic and foreign creditors in 2023, as the Minister of finance, budget and national planning, Zainab Ahmed,...
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THE All Progressives Congress [APC] political party regime headed by the President, Maj. Gen. Muhammadu Buhari is at war with itself. Before now and especially since...
Niger Republic has denied the claim of Nigeria’s Finance Minister, Zainab Ahmed, that the Federal Government donated 10 vehicles worth N1.14 billion to the country. Investigative...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday the Federal Government spends N18.3 billion daily on fuel subsidy. The minister stated...
Amid politicking on who will be the next president of Nigeria, details have emerged that Nigeria’s next president will be burdened with over N24.7 trillion in...
The thorny issue of subsidy removal as the country keeps accruing humongous external debts reared its head on Friday, as the Nigeria Labour Congress (NLC) waded...
Mr. Peter Obi, the Labour Party’s candidate for president, has warned the Federal Government led by President Muhammadu Buhari, against taking on further debts for consumption....
The House of Representatives Ad Hoc Committee investigating the country’s fuel subsidy regime on Tuesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed,...
Nigeria has moved up on the World Bank’s top 10 International Development Association (IDA) borrowers’ list. In its newly released audited account, for the Fiscal Year...
The decline in the value of the Naira to the US dollar has increased the burden of servicing external debts for federal and state governments. According...
As the Federal Government prepares to apply a 5% inclusive excise duty on telecommunications services in Nigeria, Nigerians will soon begin paying 12.5% tax on those...
The Minister of Finance, budget and national planning, Zainab Ahmed, said President Muhammadu Buhari’s administration withdrew $35.6 million from the excess crude account for security. Ahmed...
Kingsley Moghalu, former member of African Democratic Congress (ADC), has said Nigeria is heading for an uncertain future as a result of its humongous debt. Moghalu’s...
These are challenging times for the federal and state governments as one major source of income to the federation account seems to be totally cut off....
The Central Bank of Nigeria (CBN) has revealed that federal government earnings from oil sales dropped to a four-month low. CBN stated this in its latest...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, on Wednesday, suspended the Accountant General of the Federation, Idris Ahmed, indefinitely over his arrest for...
The National Bureau of Statistics (NBS) said on Saturday Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent in the fourth quarter of 2021. This...
The Federal Government has disclosed that over 5,000 debtors owed a monumental N5.2 trillion debt to its agencies. The Minister of Finance, Budget, and National Planning,...
It is no longer news Nigeria has a huge debt burden. What is worrisome is the rate at which it increases yearly. Since 2015, Nigeria’s debt...
The Federal government of Nigeria has confirmed that electricity tariff subsidy has been removed. Minister of Finance, Zainab Ahmed, disclosed this at a virtual meeting of...
The Federation Accounts Allocation Committee (FAAC) has distributed the total sum of N574.7 billion to the three tiers of government to be able to sort their...
The Nigeria Labour Congress (NLC) has alleged intentional sabotage of the oil and gas sector in order to ensure the continued payment of fuel subsidies and...
After weeks of foot-dragging, the Federal Government, last week, designated bandits as terrorists in order to ramp up the war against the mass murderers across the...
The Federal Government has debunked reports about an imminent disengagement of civil servants due to the economic cash crunch. This refutal was made by the Minister...
The Federal Government has reiterated its decision to ensure the total removal of subsidy on Premium Motor Spirit, commonly known as petrol. This was disclosed on...
The federal , states, and local governments shared N675.94 billion from the federation account in November. This was disclosed by Olajide Oshundun, Acting Director, Information, Ministry...
The Federal Government has suggested additional taxes, tariffs, and levies to be introduced in 2022 in order to boost revenue. Zainab Ahmed, Minister of Finance, Budget,...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The minister of finance, budget and national planning, Zainab Ahmed, has put a price on the amount Nigerians will receive as transport allowance after the removal...
President Muhammadu Buhari on Thursday approved a fresh N656.112 billion Bridge Financing Facility to the 36 states in the country. The Minister of Finance, Budget, and...
The Administration of President Muhammadu Buhari has promised to pay Nigerians transport allowance after fuel subsidy removal in 2022. Zainab Ahmed, minister of finance, disclosed this...
The Federal Executive Council (FEC) on Wednesday approved the 2021 to 2025 National Development Plan (NDP) to succeed the Economic Recovery and Growth Plan (ERGP) which...
The Federal High Court sitting in Abuja has halted the Federal Government’s plans to deduct $418 million from the bank account of the 36 states of...
