FG Directs IOCs To Pay $20bn In Back Taxes The Federal Government has ordered international oil companies operating in the country to pay nearly $20bn in taxes it says are owed to states. In a letter sent to the companies earlier this year via a debt-collection...

Fed Govt's February Bond Oversubscribed By N84bn   The Federal Government’s bond for the month of February worth N150bn which was offered on Wednesday was oversubscribed by over N84bn. The Debt Management Office disclosed on Thursday that the trend of oversubscription at the FGN bond auctions for...

FG Recorded N3.4tn Fiscal Deficit Last Year Between January and December last year, the Federal Government recorded a fiscal deficit of N3.4tn in its operations, figures obtained from the Central Bank of Nigeria have revealed. The 2018 budget, signed by President Muhammadu Buhari on June 20...

FG Allays Concerns About Oil Price Volatility In 2019 Budget Notwithstanding the volatility recorded by crude oil price since December last year, the federal government has reiterated that there was no cause for alarm about the benchmark price for crude oil in the 2019 Appropriation...

FG Set To Ban Tomato Importation By 2021   The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed the federal government’s resolve to ban the importation of tomato products into the country by 2021. He said the continued importation of tomato paste had resulted...

FG Recorded Fiscal Deficit Of N910bn In 3months — CBN   The Federal Government recorded a fiscal deficit of N910.41bn in the fourth quarter of 2018, the Central Bank of Nigeria revealed in its latest economic report. It said, “Federally-collected revenue, at N2.41tn, in the fourth quarter...