Nigeria’s Oil And Revenue Now $742.48bn - NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said the Federal Government has earned $741.48billion revenue from the oil and gas sector.
The earnings, according to the Executive Secretary Dr. Orji Ogbonnaya Orji, do not include the ones...
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...
