Senate Concludes Debate On 2022 Budget The Senate will on Wednesday (today) conclude its debate on the general principles of the 2022 Appropriation Bill which it started on Tuesday. The President of the Senate, Ahmad Lawan, presided over the plenary, where senators bared their minds on...

Fed Govt To Auction N150bn Bonds In October The Debt Management Office said on Tuesday that the Federal Government will offer N150bn bonds for subscription in October. A circular by the DMO on its website showed that the breakdown of bonds consisted of three bonds worth...

Fed Govt Targets $150bn From Special Agro-Processing Zones   The federal government on Tuesday said the proposed Special Agro-Processing Zones (SAPZs) by the African Development Bank (AfDB) will help the country generate $150 billion in foreign reserve in the next 10 years. The Minister of State for...

Senate Probes Budget Office Over N19bn Payment Without Approval   The Senate on Tuesday commenced investigation into alleged illegal payment of N19bn to four federal agencies, by the Budget Office. Officials of the Budget Office did not appear before the Senate Public Accounts Committee. SPAC, relying on the...

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 revenue sharing formula to President Muhammadu Buhari for onward transmission to the National Assembly by December. It said the ongoing consultation...

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 ratio is high. Adesina who made the disclosure yesterday at the opening of a two-day mid-term ministerial performance review retreat in...