FG Approves N320bn Intervention Fund For Tertiary Institutions   The Federal Government has approved the sum of N320,345,040, 835. (Three hundred and twenty billion, three hundred and forty-five million, forty thousand, eight hundred and thirty five Naira only) as the 2023 intervention funds for public tertiary...

FAAC: FG, States, LGAs Share N722.677 for February   The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion February 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end...

FG Loses Suit To Recover N70trn Loot Over Poor Prosecution   Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal Government’s suit seeking to recover and forfeit the sum of N70tn it alleged was stashed in 29 bank accounts by...

FG, States, LGCs Share N990.189bn In Dec 2022   The Federation Account Allocation Committee (FAAC), at its first meeting for year 2023 shared a total of N990.189 billion to the three tiers of government, as Federation Allocation for the month of December 2022. The amount is inclusive...

Fed Govt Commences Minimum Wage Review   The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum Wage. NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement on Sunday in Abuja. Njoku said as part...

Amid Fiscal Risks, Fed Govt Borrows N24trn From CBN   The Federal Government has borrowed N6.31tn from the Central Bank of Nigeria through Ways and Means Advances in 10 months. This has pushed the Federal Government’s borrowing from the CBN from N17.46tn in December 2021 to N23.77tn...