Fed Govt To Pay N71bn Counterpart Funding For Six Railway Projects         The Federal Government is to partly fund six rail projects connecting virtually all regions of the country with a counterpart funding of N71.15bn this year. Also, N15.1bn will be spent on the development of safety...

Fed Govt’s January Bonds Oversubscribed By N88.28bn       The Federal Government’s bonds for January worth N150bn which were auctioned on Wednesday were oversubscribed by N88.28bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N238.28bn, comprising of N91.84bn...

N9.8trn Debt: FG’s CBN Borrowings May Raise Risks - Fitch Ratings       The Federal Government of Nigeria’s repeated recourse to its Ways and Means facility with the Central Bank of Nigeria highlights weaknesses in public finance management, says Fitch Ratings. Fitch Ratings stated this in its report...

FG, States, LGs Shared N619.343bn For December, 2020         The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared a total sum of N619.343bn as federation allocation for the month of December 2020 to the three tiers of government. From this amount, the Federal Government...

Fiscal Deficit Rose To N451.22bn In October – CBN         The Federal Government recorded a fiscal deficit of N451.22bn in October 2020. The Central Bank of Nigeria disclosed this in its monthly economic report for October which was released on Tuesday. Part of the report read, “At N616.35bn,...

Fed Govt Raised N2.36trn From Capital Market In 2020         The Nigerian Stock Exchange has disclosed that the Federal Government of Nigeria raised over N2.36tn from the capital market in 2020. The Chief Executive Officer of the Nigerian Stock Exchange, Mr Oscar Onyema, stated this at the...