Nigeria Loses $2bn To Oil Theft In Eight Months   The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said on Tuesday that Nigeria lost $2 billion, equivalent to N1.3trillion, to oil theft between January and...

Humanitarian minister blames Ahmed for N206bn budget padding Senate, Ministers Battle Over N206bn Budget Padding  The Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Farouq, has disclosed that the Minister of Finance, Zainab Ahmed, added N206bn to the humanitarian ministry’s budget. Farouq, who appeared before...

FG to Disburse $1bn World Bank Grant to States The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that $1 billion will soon be distributed to states as part the last tranche of the $1.5 billion grants under the World Bank...

Reps Begin Probe Of N6.5bn Unrecovered Revenue   The House of Representatives on Tuesday commenced investigation into activities of the Board Management of Lagos International Trade Complex (LITC) over unrecovered revenue worth N6.5 billion. The resolution was passed during an investigative hearing held at the instance of...

Report Reveals 7000 firms, MDAs Owe FG N5.2trn   Eleven ministries, departments and agencies of the government as well as over 7000 corporate and private entities currently owe the Federal Government the sum of N5.2tn, a new report by the Federal Ministry of Finance has shown. Details...

Fed Govt Received $339m From World Bank In 2022   The Federal Government has received $338.98m from the World Bank in 2022, which it plans to release to states soon. The funds were released under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated in...