•Finance ministry says it’s unaware of payments The Speaker of the House of Representatives, Hon. Yakubu Dogara, has disclosed that the federal government will refund about N20 billion to each state for funds they had spent on federal projects in their states. Dogara made the disclosure...

• Reps warn Adeosun, Emefiele, Nwankwo over bailout for states • Seek probe of arms purchase The Senate ordered the refund of N263,931,254,708.51 billion allegedly diverted from the Tertiary Education Trust Fund (TETFUND) by the Federal Government. The decision follows a revelation of mismanagement of funds in...

The World Bank and International Monetary Fund, IMF, have piled pressure on the Federal Government to come up with an economic blueprint, if its drive for foreign loans was not to be stalled. Vanguard gathered that officials of both financial institutions have questioned the...

Finance Minister, Mrs. Kemi Adeosun gave some insight on the Federal Government’s borrowing plans and how it intends to spend the  $29.960 billion foreign loans to address infrastructure deficit in the country. Speaking through her Special Assistant, Media, Festus Akanbi, Adeosun said the external borrowing...

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has expressed optimism on the quick recovery of the economy from the effects of recession. It lamented that the prevailing reception “bites harder and negatively impacts on the socio—economic living conditions of the Nigerian populace.” A statement from...

The federal government plans to raise $2 billion through the concession of the existing Lagos-Kano/Port-Harcourt-Maiduguri rail line, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said. He spoke in Abuja just as the Minister of Finance, Mrs Kemi Adeosun, called for...