The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating surplus into the Consolidated Revenue Fund (CRF) in line with the provision of the Fiscal Responsibility Act...

...Approves new bill to develop water sector The Federal Executive Council (FEC) is yet to take a decision on whether to resort to the sale of national assets to bail the economy out of recession. Answering questions from State House correspondents at the conclusion of yesterday’s...

…plans $1 billion loan for Capital projects The Federal Government plans to release the sum of N350 billion to Ministries, Departments and agencies (MDAs) for their capital projects in the next one week. Finance Minister, Mrs. Kemi Adeosun who spoke to newsmen at the Finance Ministry...

The Federal Executive Council (FEC) has approved a new road map for the growth and development of the nation’s mining industry.‎‎ The Minister of Solid Minerals, Kayode Fayemi, told journalists after the FEC meeting that the road map sought to increase contribution of the sector...

...Finance minister says no confusion in handling of economy The federal government has approved a three-year rolling external borrowing plan. Briefing State House Correspondents after the Federal Executive Council (FEC) meeting held in Abuja, the Minister for Finance, Mrs. Kemi Adeosun, said the approval would be...

The Federal Executive Council has approved the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2017 to 2019, thus kick-starting the preparation of the 2017 budget. The approval was given at a meeting of the council presided over by President Muhammadu Buhari. The Minister of...