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N700bn Recovered Through Whistleblowers In 4 Years – Fed Govt

N700bn Recovered Through Whistleblowers In 4 Years - Fed Govt         Assets and cash worth more than N700bn have been recovered through the whistleblower policy of the Federal Government, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Tuesday. In 2016 the Federal Government...

Fed Govt September Bonds Oversubscribed By N215.22bn

Fed Govt September Bonds Oversubscribed By N215.22bn       The Federal Government’s bonds for the month of September worth N145bn which were auctioned on Wednesday, were oversubscribed by N215.22bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N360.22bn,...

Fed Govt Places Nine-year Presidential Jet On Sale

Fed Govt Places Nine-year Presidential Jet On Sale       The Federal Government has put up for sale a jet in the presidential fleet, Hawker 4000 aircraft with registration number, 5N-FGX/: RC 066. The business-size jet which entered into service in December 2011, has capacity for nine passengers...

FG Orders All Bank, Other Account Holders To Re-register

FG Orders All Bank, Other Account Holders To Re-register       The Federal Government has ordered all account holders in the country’s financial institutions to register their details again. The order was given despite the possession of the Bank Verification Number and the National Identification Number by account...

FG Debt Now N24.52trn, Recorded N561.71bn Deficit – CBN

FG Debt Now N24.52trn, Recorded N561.71bn Deficit – CBN       The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory Administration), the Central Bank of Nigeria has said. The apex bank also disclosed that the Federal Government...

FAAC Disburses N3.88trn to FG, State In First Half Of 2020

FAAC Disburses N3.88trn to FG, State In First Half Of 2020     -N1.93trillion disbursed in Q2 2020, signaling three straight quarters of falling disbursements since Q3 2019 Abuja, 08 September 2020 - The Federation Accounts Allocation Committee (FAAC) shared N3.879 trillion to the Federal Government, states, local government...