FG to Restart Direct Cash Transfers to 12m Nigerians Recognising the hardship faced by millions, the federal government plans to restart direct cash transfers to the poorest and most vulnerable Nigerians. Presently, approximately 3 million people are recipients of these programmes, but due to the escalating...

Wale Edun: The Distinguished Banker Likely to Become Tinubu's Finance Minister, by Rahma Oladosu   Approximately two months after his inauguration as the 16th President of Nigeria, President Bola Ahmed Tinubu has officially released his first batch of ministerial nominees. The ministerial list addressed to the President...

Economic Crisis: British PM, Liz Truss, Fires Chancellor of Exchequer, Kwasi Kwarteng British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday, shortly before she is expected to scrap parts of their economic package in a bid to survive the market and...

Finance Minister: FG Spends N18.397bn On Petrol Subsidy Daily The Minister of Finance Budget and National Planning, Zainab Ahmed, has said the federal government is spending N18.397bn daily on fuel subsidy and putting the Country in dire financial stress. Nigeria must at a point take the...

Finance Minister: Low Oil Output Barely Enough to Cover Petrol Imports Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenues, Finance Minister Zainab Ahmed told Reuters on Thursday. Ahmed added in an interview...

NIGERIA’S EXTERNAL RESERVE NOW $44.69bn – FINANCE MINISTER …says FG to soon disburse N649.434bn Paris Club refunds to states The Minister of Finance, Mrs Zainab Shamsuna Ahmed, on Thursday, disclosed that Nigeria’s external reserve now stands at $44.69 billion as at May 13, 2019, which grew...