Economists have long found Nigeria to be something of a conundrum. The macro picture has always appeared compelling - large population, oil reserves, mineral reserves, endless tracts of arable land, land and sea borders for regional domination. Indeed the absurdity of our underperformance is...

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said N370.4 billion was shared among the federal, states and local governments as revenue for January 2016. She announced this while addressing newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting. She...

The Federal Government is planning to introduce operational performance related pay scheme in the Nigeria Customs Service (NCS), to motivate improved revenue collection at the gateways and reduce corruption. This was disclosed by the Minister of Finance, Mrs Kemi Adeosun who explained that a review...

About N2.2 trillion Treasury Single Account (TSA) recovery will bring succor over anxiety of the 2016 budget deficit amount to N3 trillion, the Federal Government has disclosed. Speaking at a workshop on TSA for the accountants-general of the states in Abuja, the Minister of Finance,...

Reeling from the oil price plunge that has affected its revenues, Nigeria has asked the African Development Bank (AFDB) for a $1 billion loan to help fund an increased budget deficit, the bank stated. The bank said it was considering the loan to Africa’s largest...

Kemi Adeosun, the Finance Minister has disclosed that the Federal Government is targeting 4.2 per cent GDP growth by 2017. She made the disclosure in Lagos while addressing Chief Financial Officers (CFOs) at the KPMG’s 2016 CFOs forum. Mrs. Adeosun, who maintained that the Federal...