The country plans to raise between N250bn and N340bn ($794.91m -$1.08bn) in local currency-denominated bonds in the fourth quarter of this year, the Debt Management Office (DMO) has said. The debt office said it would auction between N90bn and N120bn worth of bonds maturing in...

In order to finance the 2016 budget, the Federal Government is to raise $1bn through the issuance of Eurobonds by November, investigation has shown. The amount to be raised from the international bonds market is part of the $4.5bn that the Federal Government plans to...

Federal Government’s revenue for the second quarter of this year stood at N677.88 billion, the figure is above the receipts in the preceding quarter by 34.2 per cent, but lowers than the quarterly budget estimate by 33 per cent. The Central Bank of Nigeria...

The expected revenue of the federal government to finance the 2016 budget fell short by N1.064 trillion as at June 2016. This was made known in the 2017 to 2019 Medium-Term Expenditure Framework and Fiscal Strategy presented to the public at a Stakeholders Consultative Forum...

When President Muhammadu Buhari on May 6th signed the 2016 appropriation bill into law, it doused tensions and raised the expectations of most Nigerians that better days are ahead. Truly, the N6.6 trillion dubbed the” budget of change” by Mr. President remains a milestone in...

Federal government has opted to reduce total budgetary spending on 2016 capital expenditure plan ahead of indication that the budget would not be implemented fully. Minister of Finance, Mrs Kemi Adeosun, who gave this indication in London while addressing international investors, said the decision was...