FG Meets NASS, Raises Debt Service By N225bn   The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented a revised 2020 Appropriation Act to the National Assembly and explained why the downward review of the national budget. At the meeting were presiding and...

Fed Govt May Offer More Public Assets For Sale     Indications have emerged that more public assets may be put up for sale by the Federal Government as the Bureau of Public Enterprises reviews the 2020 Privatisation Work Plan. Checks by our correspondent revealed that work on...

FG Adjusts 2020 Budget To N10.52trn, Adopts $25 Oil Benchmark   The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja by the Federal Executive Council meeting...

Analysts Predict Bright Outlook For Nigeria’s Oil Earnings     Despite Federal Government’s substantial cut of the oil price benchmark to $20 per barrel a few days ago, Nigeria’s revenue shortfall in the 2020 budget may not be as huge as N4.7 trillion as projected based on...

SFTAS: FG Disburses N43bn To 24 States     The Federal Government has disbursed the sum of N43,416,000,000.00 ($120.6 million) to 24 states of the federation through performance-based grants under the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme-for-Results. The Minister of Finance, Budget and National...

IMF May Approve Nigeria’s $3.4bn Loan Today   There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria on Tuesday (today). Although the Minister of Finance, Budget and National Planning, Zainab Ahmed, had on April 6, while...