Senate Approves $8.325m and €490m External Loans Request for President Buhari
The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 and €490,000,000 under the 2018-2020 External...
Finance Minister Reveals Why Naira Has Been Devalued 3 Times within One Year
The Federal Government has explained why the Nigerian currency was devalued again, the third time in just a year.
According to Zainab Ahmed, Minister of...
New Revenue Sharing Formular Will Be Ready Before End of 2021 – RMAFC
THE Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has revealed that a new Revenue Allocation Formula among the three tiers of government (federal, states...
Naira Appreciates, Gains Big Against Euro, US Dollars And British Pounds
Thursday was a good day for the Nigerian currency, Naira as it appreciated against the U.S dollars in both the official and unofficial market.
The...
7Million Nigerians Plunged Into Poverty: World Bank Counters FG
Barely three days after President Muhammadu Buhari announced that his administration has lifted 10 million people out of poverty, the World Bank said the...
NLC Declares Indefinite Strike in Nasarawa
The Nigeria Labour Congress (NLC), and Trade Union Congress (TUC), in Nasarawa State, on Monday, declared a trade dispute with the State Government over...
Give States Powers To Generate and Distribute Electricity – Gov Udom Urges FG
Governor of Akwa Ibom State, Udom Emmanuel, has blamed policies of the Federal Government for hindering his investments in the state’s power sector, saying...
FG Seeks Fresh N5.9tn Loan From British Bank
The Nigerian government is currently negotiating a fresh $14.4 billion loan which is about N5.9 trillion to finance two rail lines in the country.
Minister...
Nigeria’s Debt Increased by N191bn in 3 Months – DMO
The Debt Management Office (DMO) stated on Wednesday that the country added N191 billion to its debt stock between January and March.
As a result,...
FEC Approves N895.5Bn Supplementary Budget For Military, Covid-19
THE Federal Executive Council, FEC, Wednesday approved the draft 2021 supplementary budget of N895,842,462,917.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed,...
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