Debt Servicing Cost Rises To N2.9trn, Gulps 74% Of Revenue — FG   The Federal Government has said that it spent N2.89tn on debt servicing between January and August. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during the public presentation and breakdown...

FG Set To Unveil 2022 Budget Details     The Federal Government will on Friday (today) publish the estimates in the 2022 Appropriation Bill. The Appropriation Bill was laid before a joint session of the National Assembly by the President Muhammadu Buhari on Thursday. The Minister of Finance, Budget...

FEC, N/Assembly Approve N16.39trn Proposed 2022 Budget     The Federal Executive Council (FEC) and the National Assembly have approved President Muhammadu Buhari’s revised 2022-2024 Medium Term Expenditure Framework of N16.39 trillion. The government will also borrow N6.258tr to fund the proposed budget deficit. President Buhari will be presenting...

Nigeria To Raise $3bn Eurobond In October - Finance Minister       Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the nation plans to raise about $3b in the Eurobond market in the second week of October. In an interview with Bloomberg TV, Ahmed...

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay         The Nigeria Governors’ Forum (NGF) has asked banks not to proceed with the payment of $418.9 million to consultants as directed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. The minister had...

NSIA Assets Grew By 250% To $3.5bn In Six Years - Finance Minister       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that the assets of the Nigeria Sovereign Investment Authority (NSIA) increased from $1 billion in 2015, to $3.5 billion in...