Tinubu’s Executive Order Could Boost FG, States, LGs Allocation by N15trn
The federal, state, and local governments may receive additional revenue allocations of about N14.57tn following the recent Executive Order signed by President Bola Tinubu, directing that royalty oil, tax oil, profit oil, profit gas,...
FG Lists N4bn Savings Bonds on NGX
The Nigerian Exchange Limited has announced the listing of the June 2025 issue of the Federal Government of Nigeria Savings Bonds on its platform.
According to a market bulletin issued on Wednesday, with reference number NGXREG/IRD/MB48/25/07/09, the total amount...
FG, IOCs State Commitment Towards Crude Oil Supply to Local Refineries
The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system.
Both parties said the aim of the...
FG Releases N1.2tn for Capital Projects
The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development and infrastructure initiatives as of September 30, 2023.
An analysis of the Budget Implementation Report for the third...
FG Begins N2.7tn Subsidy Debt Probe
The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited (NNPCL).
An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn.
However, in the...
