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Appropriation Act

Debt Management Office (DMO)

Nigeria’s second Sovereign Green Bond oversubscribed by 220 percent

A statement from the Debt Management Office (“DMO”) on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”

House of Reps condemn federal government department’s ‘copy and paste’ budget

The House of Representatives’ Committee on Urban Development and Regional Planning on Thursday condemned the untidiness and errors in the 2019 budget proposal presented by the Urban and Regional Development of the Federal Ministry of Power, Works and Housing.

ICPC begins probe of ministries, departments, agencies

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that it had commenced probe of federal government parastatals.
Isiaka Abdulrazaq

NNPC: We’ve right to make withdrawals from NLNG dividend account

The Nigerian National Petroleum Corporation (NNPC) insists there is nothing illegal about the withdrawals made from Nigerian Liquefied Natural Gas (NLNG) Dividend Account

NNPC threatens court action over withdrawal of $1.05 billion

Nigerian National Petroleum Corporation (NNPC) threatens to seek legal interpretation on whether it has right to withdraw funds from Nigeria LNG Dividend Account without the approval of National Assembly
Acting Finance Minister of Finance Zainab Ahmed

House of Reps accuse Zainab Ahmed of holding judiciary’s 2018 funds

The House of Representatives has asked President Muhammadu Buhari to order the Minister of Finance, Zainab Ahmed, to release the funds appropriated for the judiciary in the 2018 Appropriation Act.

Ibikunle Amosun presents N402.63 billion 2019 budget to Ogun Assembly

Governor Ibikunle Amosun of Ogun State, on Wednesday, presented a budget estimate of N402.63 billion as the 2019 Appropriation Bill to the State House of Assembly.

2019: Group warns against further delay in INEC funding

The Movement for Transparent Elections (MTE), a Civil Society Organisation (CSO) has warned that further delay in release of the budget of the Independent National Electoral Commission (INEC) portends great danger to Nigeria’s democracy.
national assembly abuja

National Assembly slashes funds from presidency, ministries to fund 2019 elections

The Senate and the House of Representatives had approved that the sum of N242 billion be taken from Service Wide Votes for the Independent National Electoral Commission (INEC) and security agencies to conduct the 2019 elections.
Acting Finance Minister of Finance Zainab Ahmed

Ministers: Federal government can’t fund budget 2018 unless assets are sold

Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.

House of Reps approve Buhari’s request for $82 million Eurobond

The House of Representatives on Tuesday approved the request by President Muhammadu Buhari for $82.54 million to refinance the balance of $500 million matured Eurobond in the international capital market.
Acting Finance Minister of Finance Zainab Ahmed

Federal government to pay 50 percent ex-Nigerian Airways staff benefits from next week

The Nigerian government on Wednesday said it will pay 50 per cent of entitlements owed ex-staff of the defunct Nigerian Airways in 2018 and pay the balance next year.
President of the Senate, Dr. Abubakar Bukola Saraki (left) and ex-Minority Leader, Senator Godswill Akpabio during plenary in Abuja.

Senate okays $2.9 billion foreign loan

The Senate yesterday warned the Federal Government to stop taking external loans, urging it to find other means of generating revenue internally, rather than throw the country into a debt trap.

2019: Senate approves N53.2 billion security budget

The Senate on Tuesday approved the security budget of N53.2 billion for the 2019 general elections.

2019: Senate approves security budget

The approval of the budget followed a presentation of the report of the National Assembly Joint Committee on Appropriation at plenary.
National Assembly

2019: Senate committee approves Muhammadu Buhari’s N242 billion virement request

The Senate Committee on Appropriation has approved President Muhammadu Buhari’s request for the virement of N242 billion under the 2018 Appropriation Act to conduct the 2019 general elections.

2019: Senate panel agrees to approve N189 billion for INEC

The Senate Committee on Appropriation on Wednesday agreed to approve President Muhammadu Buhari’s request for virement of N189 billion for the organisation of the 2019 general election.

2018 Budget: Inherent mischief and financial recklessness

The Deputy Speaker of the House of Representatives, Yusuff Lasun disclosed, last week, that the National Assembly, would interrupt its annual recess and reconvene, sometime, this week, to consider an expenditure proposal for N242bn for conducting 2019 General Elections.

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Report: Donald Trump suggested nuking hurricanes

US President Donald Trump suggested dropping nuclear bombs on hurricanes before they made landfall in the United States, Axios reported Sunday.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

EFCC traces Atiku Abubakar’s ‘laundered’ money to ex-President Obasanjo library

The Economic and Financial Crimes Commission (EFCC) has extended its investigation of the laundered 150 million euros cash-for-poll by associates of former vice-president Atiku Abubakar to Olusegun Obasanjo Presidential Library.

Sudan’s flood death toll reaches 62 – state media

Heavy rainfall and flash floods have killed 62 people in Sudan and left 98 others injured, the official SUNA news agency reported on Sunday.

Police stray bullet kills man in Lagos

A stray bullet from an unidentified police man, snuffed life out of a man, Sunday night, at Shogunle area of Lagos.
The Federal Government on Tuesday appointed Mr Kashifu Abdullahi as the new Director General of the National Information Technology Development Agency (NITDA).

Kashifu Abdullahi: My goal is to transform NITDA into a smart organization

The newly appointed Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has said that his vision is to completely transform the agency into a smart organization.