We Didn't Budget N2.8bn For Uniforms - FIRS   The Federal Inland Revenue Service (FIRS) has denied budgeting N2.8 billion for uniforms and N550m for meals in the 2021 Appropriation Budget. A statement by the Executive Chairman of FIRS, Muhammad Nami, said a publication by a national...

Fed Govt Budgets N104bn To maintain, Purchase Generators In 2022   Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them. The N104bn which will be spent on generators due to the country’s unstable power...

Communications Ministry Gets N129.59bn Allocation In Six Years   The Federal Ministry of Communications and Digital Economy was allocated a total of N129.59bn in six years, according to an analysis of budget details. The ministry was allocated N15.99bn in 2016; N19.33bn in 2017, and N19.77bn in 2018. The...

Steady Rise In Oil Price Pushes Foreign Reserves To $39.5bn   Nigeria’s foreign reserves have climbed to $39.5 billion on the back of steady rise in crude oil prices and drawdown on international loans. The Brent crude, the global benchmark, was up by 85 cent to trade...

#EndSARS: Insurance Companies Pay N9bn Claims On Deaths, Property   Insurance companies under the aegis of the Nigerian Insurers Association have paid N9bn in claims to customers who suffered losses during the public protests against police brutality, also known as #EndSARS protests, in October last year. Lootings,...

Fed Govt Personnel Cost Rises By 79.48%, Gulps N13.2trn In Four Years   The amount budgeted for personnel costs has increased from N2.29tn spent in 2019 to N4.11tn in the proposed 2022 budget, according to data obtained from the budget implementation report of the Federal Government. This...