FG Adjusts 2020 Budget To N10.52trn, Adopts $25 Oil Benchmark   The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja by the Federal Executive Council meeting...

Reps Pass Buhari’s N850bn Domestic Loans Request     The House of Representatives on Tuesday passed President Muhammadu Buhari’s request to raise N850 billion in new external borrowing in the 2020 Appropriation Act from the domestic capital market. This was after the House considered the request in the...

Group Urges Buhari To Probe Perm Sec Over Alleged Age Falsification   The Coalition of Civil Society Groups for Justice, CCSGJ, has called on the President Muhammadu Buhari to investigate the Permanent Secretary of the Minister of Mines and Steel Development, Sunday Edet Akpan, over alleged...

COVID-19 Makes External Borrowing Unattractive, Says Buhari   The Coronavirus pandemic and the decline in the international market price of oil, has made borrowing from the international capital market unattractive, President Muhammadu Buhari, has said. As a consequence, Buhari said he was constrained to ask the House...

COVID-19: Buhari Stops Import Duty On Medical Equipment   As part of efforts to combat the COVID-19 pandemic, President Muhammadu Buhari, has ordered the immediate evacuation of all imported medical equipment from Nigerian ports. This is even as the President has given a blanket waiver of Customs...

Buhari Appoints Sunday Thomas As NAICOM Boss   President Muhammadu Buhari has approved the appointment of Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). It will be recalled that Thomas replaced immediate past commissioner for Insurance/CEO, Mallam Mohammed Kari, as Acting...