Fed Govt To Partner CBN, SEC On National Savings Scheme   The Minister of Finance, Budget and National Planning, Zainab Ahmed on Tuesday received the National Savings Scheme Report from the Working Group, with a pledge to collaborate with stakeholders in implementing the recommendations. The working group...

Fed Govt Gives N250bn Sukuk Bond To Three Ministries   The Federal Government has given a cheque of N250bn from Sukuk bond to three ministries for the implementation of capital projects across the country. These are the Ministry of Works and Housing, Ministry of Federal Capital Territory,...

Lawan Says Buhari Didn’t Direct Anyone To Remove Petrol Subsidy   The Senate President, Ahmad Lawan, says President Muhammadu Buhari has not asked any official in his regime to implement the removal of petroleum subsidy. Lawan disclosed this to State House correspondents on Tuesday after a meeting...

Nigeria’s Debt Stock Hits N39.6trn In 11 months   The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that...

N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments - MAN   The Manufacturers Association of Nigeria said on Thursday that the introduction of excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages will make Nigeria lose investments to other countries. The Minister of...

Buhari, Experts Disagree On Borrowings As Debt Servicing Gulps 76% Of Revenue   The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum represents 76.2 per cent of the N5.51tn revenue generated during the period under review. The...