Declining Revenue Raises FG’s Deficit To N1.3trn In Q3, 2020           The Federal Government (FG) recorded a 42 percent shortfall in revenue collected in the third quarter 2020 (Q3’20) which resulted in deficit spending of N1.29 trillion during the quarter. The deficit spending recorded in the period...

Reps Urge Extension of SIM Card Registration, NIN Linkage Deadline         The House of Representatives yesterday urged the federal government to extend the deadline for the synchronisation of subscribers’ SIM card registration with their National Identification Number (NIN) by telecommunication service providers to 10 weeks. The Minister...

FAAC Shares N601.110bn Nov 2020 Revenue to FG, States and LGs The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the Federation Account Allocation Committee...

FG Writes NASS, Seeks Fresh 2020 Budget Review         The Federal Government has written to the National Assembly to demand a fresh review of the 2020 Appropriation Act. The Minister of Finance, Budget and National Planning, Zainab Ahmed, particularly asked the House of Representatives to extend the...

FG Grants Yola Disco N5bn Loan To Procure 85,000 Meters         The federal government has granted the Yola Electricity Distribution Company (YEDC), a N5 billion loan for sourcing of 85,375 meters for its customers. In December last year, the government said it was taking over the Disco...

FG Inaugurates Fuel Pricing Committee, New Price Regime Begins         The Federal Government has inaugurated the ‘Bipartite Plus Committee’ on technical framework on the pricing of Premium Motor Spirit popularly known as petrol. This is happening as the new price regime for PMS announced last week by...