Fed Govt Approves N10.5bn For Ports   The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian Customs Service (NCS). The projects include cargo scanners for the Onne and Port Harcourt ports in Rivers State, and Tin Can Island Port in...

Fed Govt Releases N995.665bn For 2020 Capital Projects     The federal government has so far released a total of N995.665 billion to finance capital projects in the 2020 Budget, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed in Abuja, Monday. She made the...

FG Records 65% Deficit In Oil Revenue Projections — Ahmed     The Federal Government on Sunday disclosed that the lingering COVID-19 pandemic on broad sectors of the economy resulted in about 65% decline in projected net revenues from the oil and gas sector in the first...

Lockdown, Physical Distancing Almost Shut Down Economy – FG     The lockdown and physical distancing measures that were implemented to curb the spread of COVID-19 in Nigeria almost led to a complete shutdown of economic activities across the country, the Federal Government said on Sunday. In her...

Nigeria’s Excess Crude Account Drops To $72m   Nigeria’s Excess Crude Account (ECA) now stands at $72 million as the country continues to grapple with an unprecedented revenue crisis not seen since the early eighties. The ECA account has now fallen by about 98% within the...

Buhari Signs N10.8trn Revised Budget Today - Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed, met with the leadership of the National Assembly on Thursday to discuss the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. She disclosed that President Muhammadu Buhari,...