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 January and August. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during the public presentation and breakdown...

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 economy. The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, President Muhammadu Buhari said “Social media is a...

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 Services granted the sum of N992.9bn as waivers on imported goods, findings have shown. The N992.9bn comprises N213.1bn recorded in 2019...

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 laid before a joint session of the National Assembly by the President Muhammadu Buhari on Thursday. The Minister of Finance, Budget...

Nigerians Have Right To Be Worried About Our Constant Borrowings - Buhari   President Muhammadu Buhari has said that the frequent borrowings by his administration is a matter of necessity. The President said the country’s debt profile is still within a sustainable level. He said this while presenting...

Two Recessions In Four Years Stalled Our Growth - Buhari   President Muhammadu Buhari has blamed the two recessions witnessed by the country in both 2016 and 2020 for the slow pace of growth in the economy. The President said this while giving an overview of the...