Senate Okays Buhari’s N850bn Loan Request     Without a voice of dissent, the Senate on Tuesday gave accelerated approval to the request by President Muhammadu Buhari to take a fresh loan of N850 billion from the domestic capital market. The approval came in less than five minutes...

CBN To Suspend Interest Payment On State Debts     President Muhammadu Buhari, has approved the suspension of the payment of interest on debts owed by state governments. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed this at a press briefing in Abuja on...

COVID-19: Buhari Approves Withdrawal Of $150m From Sovereign Wealth Fund   President Muhamadu Buhari, has given approval for the withdrawal of $150m from the Sovereign Wealth Fund for distribution to the three tiers of government. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed...

COVID-19: FG Suspends April Savings Bond Offer   The Federal Government has suspended its April 2020 savings bond offer, as a result of challenges of COVID-19 on the economy. The Debt Management Office disclosed on Wednesday that this decision was necessary after President Muhammadu Buhari, announced restrictions...

Petrol Pump Price Now N130 Per Litre   President Muhammadu Buhari has approved the reduction in pump price of premium motor spirit (PMS) from N145 per liter to about N130. Our correspondent gathered from presidency sources that the approval followed presentation by Minister of State For Petroleum...

$22.79bn Loan: Reps Suspend Consideration Indefinitely   The House of Representatives has indefinitely suspended the consideration of the $22.79bn external loan request by President Muhammadu Buhari. The House had listed the report by its Committee on Aids, Loans and Debt Management on the 2016–2018 Federal Government External...