Why We Continue To Borrow - Fed Govt             The Federal Government on Thursday descended on critics of its frequent request for fresh loans describing them as insincere. The Minister of Information and Culture, Lai Mohammed, spoke for the government during a town hall meeting in Maiduguri,...

Fed Govt Opens $3bn Eurobond Borrowing Plan, Woos Local Investors             The Debt Management Office has disclosed that Nigeria is back in the International Capital Market after about three years with a plan to raise at least $3bn from Eurobond issuance. This was contained in a statement...

Fed Govt Suffers N5.8trn Revenue Shortfall From Non-oil Exports             Within a three-year period covering December 2017 to December 2020, Nigeria generated a total sum of N6.5tn from non-oil exports, data from the National Bureau of Statistics have shown. This sum is N5.8tn lower than its N12.3tn...

Fed Govt Disburses N56.8bn To One Million MSMEs       The Federal Government has said that it has disbursed N56.8bn to one million Micro, Small and Medium Scale businesses under its MSMEs Survival Fund Scheme. According to the government, the beneficiaries of the programme cut across the 36...

We’ll Keep Promoting Gas As Alternative To Petrol, Says FG       The Federal Government will continue to promote the use of natural gas as an alternative to Premium Motor Spirit, popularly called petrol, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said...

FG Raises N1.923trn Through Savings, FGN Bonds In Eight Months       In a development that shows sustained investors’ confidence in the Nigerian debt market, the federal government through the Debt Management Office (DMO) in raised a whooping N1.923 trillion from bond auctions from January till date. The...