Minister Urges NAICOM on Prompt Claims Payments The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has directed the board and the management of the National Insurance Commission (NAICOM) to enforce prompt claims payments in the industry as it remains  one of the...

Oil Sector Contribution to GDP Will Decline by 5% in 2025 - Minister  The Federal Government has made projected that the oil sector’s contribution to Nigeria’s Gross Domestic Product (GDP) will decline to 5% between 2023 and 2025. The expected GDP figure is a drop when...

FEC Approves $196 bpd for 2023-2025 MTEF  The Federal Executive Council (FEC) has approved the 2023- 2025 Medium Term Expenditure Framework (MTEF). The Minister of Finance, Budget and National Planning, Zainab Ahmed, says assumptions for the MTEF were that crude oil price would be at $70 per...

JUST IN: Despite Uncertainties, FG to Spend N6.72trn on Fuel Subsidy in 2023 By Ozumi Abdul The Federal Government has concluded plans of making provision for subsidy in 2023 to the tune of N6.72 trillion. This was made known by the Minister of Finance Budget and National...

Nigeria Inflation: Buhari Set To Convene National Food Security Council Meeting President Muhammadu Buhari will soon convene a National Food Security Council meeting to address food price inflation. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, disclosed this to reporters, after the Federal Executive...

Finance Minister: Low Oil Output Barely Enough to Cover Petrol Imports Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenues, Finance Minister Zainab Ahmed told Reuters on Thursday. Ahmed added in an interview...