PPPRA Says Fuel Price Remains Until FG, Labour End Negotiations       The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the downstream oil sector. It was, however, quick to state that the negotiations between the Federal Government...

Fed Govt Earmarks N59bn For Rural Roads Development       The Minister of State for Budget and National Planning, Clem Agba, has disclosed that a total of N34 billion has been set aside by the federal government for the development of rural roads, with additional N17 billion...

FG Appoints Eight Transaction Advisers For $6.2bn Eurobonds       Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its N5.2 trillion 2021 Budget deficit, the federal government has appointed eight international and domestic transaction advisers. The Eurobonds...

DMO Offers August Savings Bonds For Subscription To Investors       The Debt Management Office has opened the August savings bond offer to investors. The DMO said in a circular on Monday that it is offering the Federal Government’s two-year and three-year savings bonds. The circular posted on its...

FG Pays N3.22bn IOC Cash Call, Leaves Outstanding Balance At $1.46bn     The Federal Government has paid a total of $3.22bn as cash call arrears to international oil companies, leaving an outstanding balance of $1.46bn. It disclosed this in a document on Joint Venture repayment agreement status...

FG Suffers N1.4trn Shortfall Despite Aggressive Revenue Drive       Between January and May 2021, the Federal Government recorded a revenue shortfall of N1.4tn, an analysis of the Medium Term expenditure framework and Fiscal Strategy paper for 2022-2024 has shown. According to the report obtained from the Budget...