The monthly disbursement of the N90bn conditional loan facility to state governments announced by the Federal Government on June 14 will cease any month the allocation from the Federation Account Allocation Committee exceeds N500bn. The Minister of Finance, Mrs. Kemi Adeosun, had while announcing the...

The Federal Government is organizing a workshop for stakeholders aimed at restructuring and reinvigorating Project ACT Nollywood, the N3billion grant programme set up by the Federal Government to solve the main challenges impeding the growth of the Nigerian movie industry. The workshop, which is scheduled...

The Minister of Finance, Mrs. Kemi Adeosun, has asked the workers of the ministry to show understanding with regards to their demand that the sum of N1.2bn must be paid to them as special overtime allowance. The minister said in a statement issued by her...

The protest by the workers of the Ministry of Finance has prevented the monthly meeting of the Federation Account Allocation Committee (FAAC), which had been earlier scheduled to hold on Tuesday June 21, 2016. The workers, who shut all entrances to the headquarters of the...

Ten years after Nigeria’s historic exit from the Paris Club of Creditors, the country’s external debt balance has climbed to $10.72bn, up from $3.54bn, investigation has shown. The Federal Government had between 2005 and April 2007 paid over $15bn to exit from both the Paris...

...Bail out stopped The sum of N90 billion has been announced for states by the federal government as part of its Fiscal Sustainability ‎Plan (FSP) for the nation. Through the FSP, the sum of N50 billion for three months would be shared across all the participating...