Financial

RMAFC Presents New Revenue Sharing Formula To Buhari December   The Revenue Mobilisation, Allocation and Fiscal Commission says it will be ready to present a new...

Nigeria’s Debt Service To Revenue High – AfDB President   President of the African Development Bank (AfDB), Akinwumi Adesina has said Nigeria’s debt service to revenue...

Budget: Fed Govt Allocates N4.2bn To Moribund Ajaokuta Steel   The Federal Government has allocated the sum of N4.2bn to the Ajaokuta Steel Company Limited for...

In Nine Months, Customs Generate N128.3bn From Onne Port   The Nigeria Customs Service (NCS), Area II Command in Onne Port, Rivers State, has collected a...

Nigeria, Others Piled Up $860bn Debts In 2020 - W/Bank   Low income countries, including Nigeria, piled up a debt of $860 billion last year, following...

Work Begins On N16.39trn Budget As Senate Panel Gets Documents Today   The Senate President, Ahmad Lawan, is expected to forward the 2022 Appropriation Bill to...

Budget: Power, Finance Projects Get Lion’s Shares Of N1.16trn Loans   The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms...

We Process N60bn Electricity Invoices Monthly - NBET   The Nigerian Bulk Electricity Trading Plc on Sunday said it processed N60bn electricity invoices monthly for various...

Despite Failure To Begin Operations, National Carrier Gets N400m Allocation   The Federal Government plans to spend N400m as working capital on its proposed national carrier...

Budget Deficit Rises To N20.64trn Under Buhari     Budget deficit has risen to N20.64tn under president Muhammadu Buhari, according to analysed data from the budget office. The...

External Reserves Increase By $42bn, Hit 25-month High On Eurobond Inflow   Nigeria’s external reserves have risen to its highest level in 25 months to $42...

2022 Budget: FG Votes N2.14tn for Defence The Federal Government has allocated the sum of N2.14tn to Defence and Security, in the 2022 Proposed Appropriation...

    The Federal Government has said that it is working on a plan to sanction ministries, departments and agencies if they fail to meet their...

Diversification On Course, N3.3trn Revenue Collected From Non-oil Sector In 2021 - FIRS Boss The Chairman of the Federal Inland Revenue Service, Muhammad Nami, has...

Debt Servicing Cost Rises To N2.9trn, Gulps 74% Of Revenue — FG   The Federal Government has said that it spent N2.89tn on debt servicing between...

Twitter Ban: Nigeria Loses N309.26bn In 124 Days   The Nigerian Twitter ban has entered its 124th day, causing losses of up to N309.26bn to the...

Nigeria Grants N992.9bn Import Waivers In Two Years   Within a two-year period covering January 2019 and December 2020, the Federal Government through the Nigerian Customs...

FG Set To Unveil 2022 Budget Details     The Federal Government will on Friday (today) publish the estimates in the 2022 Appropriation Bill. The Appropriation Bill was...

Nigerians Have Right To Be Worried About Our Constant Borrowings - Buhari   President Muhammadu Buhari has said that the frequent borrowings by his administration is...

Two Recessions In Four Years Stalled Our Growth - Buhari   President Muhammadu Buhari has blamed the two recessions witnessed by the country in both 2016...