The Federation Account Allocation Committee at its monthly meeting in Abuja shared the sum of N400bn to the three tiers of government for the month of December 2016. The amount represents N13.12 bn increase when compared to the N386.87bn shared...

The Executive Director, Kwara State Internal Revenue Service, Dr. Muritala Awodun, disclosed that the agency collected N17.4bn as Internally Generated Revenue in 2016. He stated that this was a significant improvement from the N7.2bn generated in 2015. Awodun spoke in Ilorin,...

The naira fell against the United States dollar at the parallel market to 498 on Thursday, from 497 on Wednesday. This came hours after the Central Bank of Nigeria resumed dollar sales to Bureau De Change operators through Travelex. Before dropping...

The Petroleum Products Pricing Regulatory Agency has said that the kerosene market had been fully deregulated and that there was no plan to increase petrol price. Its reaction on kerosene was based on the recent astronomical hike in the price...

Minister of Finance, Mrs Kemi Adeosun, said inability of Federal Government to generate enough revenue to meet its obligation left it with no choice than to borrow to finance critical projects. The minister said this in Abuja while speaking at...

The Petroleum Products Price Regulatory Agency, PPPRA, has denied reports speculating an imminent petrol scarcity over Federal Government’s inability to pay fuel marketers’ N660 billion debt‎. ‎ In a statement released in Abuja by the PPPRA spokesman, Mr Lanre Oladele,...