N5.5trn Fiscal Deficit Report Wrong - CBN     The Central Bank of Nigeria, CBN, has faulted report that the cumulative fiscal deficit of the Federal Government stood at N5.5 trillion as at August 2021. The report representing a 39 per cent increase from the level in 2020,...

Fed Govt Expects New Oil Projects Amid $42bn Deals       The Federal Government has said it is bullish that many oil and gas projects will commence in the country, following the signing of over $42bn worth of investment agreement recently by various Nigerian entities. The Minister of...

Fed Govt Saved N3.5trn On Oil And Gas Projects     The federal government has saved N3.5trn ($8.5billion) as it achieves 42 per cent local content in $20.4bn oil and gas projects. The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote disclosed...

Fed Govt Bans 91 Private Jets, Insists On N30bn Duty The Federal Government has directed the Nigeria Customs Service to ground 91 private jets belonging to some Nigerians over their alleged refusal to pay import duties running to over N30bn. It will be recalled that the...

Fed Govt’s Deficit Spending Rises By 51% To N5trn   The deficit spending of the Federal Government, FG, rose by 51 per cent, year-on-year, YoY, to N5.1 trillion in seven months to July 2021, driven by rising non-discretionary spending on security and COVID-19 mitigation measures. The rise...

FG Lists N418m New Savings Bonds   The Federal Government has listed its latest issuances under its Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Exchange (NGX) Limited. The listing of the two tranches of the FGNSB issued earlier this month paved the way...