The Federation Accounts Allocation Committee (FAAC) distributed the sum of N386.9 billion among the three tiers of government in December 2016, being the statutory allocations for the month of November. The distributable monthly allocation declined by N33 billion compared to amount shared in November. However,...

The World Bank has predicted that Nigeria will get out of recession and grow its Gross Domestic Product by one per cent this year after plunging into its worst recession in over two decades. The bank said in a statement, “Sub-Saharan African growth is expected...

The level of investment inflow into the country recorded a huge decline of $4.51bn from the $8.08bn in the first nine months of 2015 to $3.57bn in the same period of 2016, an analysis of the capital importation report obtained from the National Bureau...

The Federal Government has approved payment of not more than five per cent of the recovered loot to any successful whistle blower, who exposes corruption by providing relevant information leading to the recovery of the funds. The Minister of Finance, Mrs Kemi Adeosun, made this...

The Federal government has given reasons why staff of some ministries, departments and agencies(MDAs) are yet to receive their salaries for November because the agencies have exhausted their budgetary allocations. The Minister of Finance, Kemi Adeosun, made stated this while speaking with state house correspondents...

With the new electronic Vehicle Identification Number (VIN), any vehicle on which duty has not been paid will not be able to be registered and driven in Nigeria, the federal government declared. Speaking at the commencement of a workshop on the new registration platform, held...