Earlier in the year, the federal Government set up the Efficiency Unit in the Federal Ministry of Finance as part of its plans to reduce both overhead and other costs and wastages. Towards this end, government recently banned the procurement and distribution of conference...

The Federal Government is planning to borrow N120bn ($387m) in local-currency denominated bonds at an auction on September 14, the Debt Management Office has said. The DMO said it would raise N40bn each from debt maturing in 2021, 2026 and 2036, using the Dutch auction...

...Finance minister says no confusion in handling of economy The federal government has approved a three-year rolling external borrowing plan. Briefing State House Correspondents after the Federal Executive Council (FEC) meeting held in Abuja, the Minister for Finance, Mrs. Kemi Adeosun, said the approval would be...

The Minister of Finance, Mrs. Kemi Adeosun, has admitted that Nigeria was in its worst possible time with the Gross Domestic Product figures for the 2016 second quarter released by the National Bureau of Statistics showing the nation’s economy now in recession. The nation’s external reserves...

The Minister of Finance, Mrs Kemi Adeosun, on Thursday, sought the understanding of members of the private sector in the ongoing policy review by the current administration. The minister, who spoke during a visit of the leadership of the Nigerian Economic Summit Group (NESG) to...

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold N40bn of 2021 paper at 14.50 per cent. It...