$50bn Investments Lost In 10yrs Without Oil Sector Law, Says Buhari       Nigeria lost investments worth at least $50billion due to delayed passage of the Petroleum Industry Bill (PIB) in the last 10 years, President Muhammadu Buhari said yesterday. He spoke at Aso Villa yesterday at a...

PIA'll Deplete Tax Revenue, FIRS warns       Federal Inland Revenue Service (FIRS) Chairman, Mohammed Nami, said though the law may affect revenue expected to be generated from Petroleum Profit Tax next year, government revenue is expected to increase significantly in 2023. Speaking at an interactive session on...

FEC Okays N21bn For Aviation, Education, Others       The Federal Executive Council on Wednesday approved N21,107,212,510, for various projects in the education and aviation ministries as well as a few other federal agencies. The approvals were made at a meeting of the council presided over by President...

FG Offers N150bn Long-term Bonds       The Federal Government will auction medium-to long-term bonds valued at N150 billion as part of government’s efforts to access debt capital from the domestic capital market to bridge declining revenues and restructure the general balance of the national debt stock The...

FG Owes CBN N15.51trn, Borrows N14.86trn Under Buhari's Regime       The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown. The N15.51tn...

Reps Summon Accountant-general, Customs Over Shippers’ Council Revenue       The House of Representatives’ Committee on Finance has invited the Office of the Accountant-General of the Federation, the Nigeria Customs Service and the Budget Office of the Federation to appear on Monday and explain issues surrounding the...