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FG will only borrow from lowest cost debt providers – Minister

The Minister of Finance, Mrs Kemi Adeosun, said the Federal Government would only borrow from the lowest cost debt providers to fund the deficit in the 2016 budget. Adeosun said this on Thursday in Abuja while addressing the Senate Committee on Appropriation, chaired by Sen....

FG Tasks Stallion Group on 17% Local Content in Car Manufacturing

  The federal government Thursday tasked the management of Stallion Group, manufacturers and assemblers of different brands of vehicles on the 17 per cent local content capacity in its assembly plants. The Minister of Science and Technology, Dr. Ogbonnaya Onu, while receiving the group led by...

FAAC Distributes N370.4b to FG, States, LGs for January

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said N370.4 billion was shared among the federal, states and local governments as revenue for January 2016. She announced this while addressing newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting. She...