The Federal Government recorded a deficit of N890.9bn in its fiscal operations within the first four months of this year, figures obtained from the Federal Ministry of Finance indicated. Financial analysts attributed the development to over-reliance on oil revenue and cautioned the government against borrowing. The...

The Federal Government has said the country’s economy was technically in a recession. The Minister of Finance, Mrs. Kemi Adeosun, who appeared before the Senate, said the current indices in the country had shown that there was an economic downturn. A recession is defined as a significant...

The Presidential Initiative on Continuous Audit found discrepancies in the payroll of the Federal Government’s Ministries, Agencies and Departments to the tune of N6.4 billion monthly, the Head of the Continuous Audit Team, Mr Mohammed Dikwa, said. Dikwa told newsmen in Kano on the sideline...

The Minister for Finance, Mrs. Kemi Adeosun, has said that the Federal Government will enforce the compulsory insurance policies and ensure that the cost of insurance is included in its expenditure. She said this during the second edition of the National Insurance Conference in Abuja,...

The Federal Government has so far released the sum of N253bn out of the N350bn set aside for capital projects in the first and second quarters of 2016. Investigations by our correspondent  in Abuja showed that the amount was disbursed in three tranches to the...

Out of the N350bn set aside for capital spending in the first and second quarters of this year, about N109bn has been released by the Federal Government to various contractors. The Minister of Finance, Mrs. Kemi Adeosun, gave the figure  during Channels Television’s Sunrise programme,...