Oil Export Rakes in N1.8tn in March - Report  Nigeria’s revenue from crude oil export increased by N337bn in March, hitting N1.8tn, according to data obtained by The PUNCH. This came as the country attained its crude oil production target of 1.6 million barrels per day...

Minister Rejects Proposal to Create New Agencies The National Institute of Peace and Strategic Studies proposal for the creation of new agencies to monitor and evaluate Federal Government projects has been rejected by the Federal Government. FG expressed concern over duplication of roles, stating there were...

FG Spends N613bn Sukuk Loan on Roads, Bridges The Federal Government has disclosed that it spent N612.56bn for the construction and rehabilitation of 77 road projects and 23 bridges with funds raised through through Sovereign Sukuk. This was made known by the Minister of Finance, Budget...

FG Records N14.28tn Revenue Shortfall - BOF The Budget Office of the Federation data has revealed that the Federal Government has recorded a revenue shortfall of N14.28tn under the regime of the President Muhammadu Buhari. The data was obtained from the budget implementation reports for 2016,...

National Assembly To Approve N22.7trn Debt Restructuring Tuesday   The Senate President, Ahmad Lawan, has declared the Senate is ready to approve the N23.7tn debt restructuring request made by President Muhammadu Buhari in December last year. The senate also blamed the Minister of Finance, Zainab Ahmed, and...

Scarcity: NNPC Sells PMS at Loss, Says Sylva The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards...