Federation Account

Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Senate probes withdrawal of N151.3 billion from federation account by Budget Office

4 days ago

6. The House of Representatives yesterday, approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 (USD) and €490,000,000 (Euros) under the 2018-2020 External Borrowing (Rolling) Plan.

House passes South-East, South-West, North-Central, North-West development commission bills

5 days ago

The Chairman of the Nigerian Governors’ Forum and the Governor of Ekiti State, Dr. Kayode Fayemi, has admonished the President, National Association of Nigerian Students (NANS), Comrade Sunday Asefon not to betray the confidence reposed in him by the entire students’ body.

Governor Fayemi: We’ve delivered on electoral promises despite financial challenges

1 week ago

For the first time since the inception of his government in 2015, President Muhammadu Buhari yesterday acknowledged how much petroleum subsidy had eroded national revenues, making it impossible for the country to adequately fund its annual budget, despite significant appreciation in crude oil prices. Buhari made the revelations in Abuja while presenting a N16.39 trillion Appropriation Bill for the 2022 fiscal year to a joint session of the National Assembly.

President Buhari: Petrol subsidy eroding revenues available to fund budget

2 weeks ago

Senate President Ahmad Lawan has decried the level of deficit of the 2022 Budget.

2022 Budget: Senate president decries level of deficit

2 weeks ago

National Assembly passes revised 2022-2024 fiscal framework

2 weeks ago

The Commissioner for Finance Dr. Rabiu Onaolapo Olowo, made the appeal on Monday at a technical meeting with directors and heads of finance and accounts of all ministries, department and agencies of the government.

Lagos advocates 1% revenue from Nigerian government over ‘special economic status’

2 weeks ago

President Muhammadu Buhari has stressed the commitment of the federal government to attaining food security.

Nigerian government raises 2022 budget proposal to N16.4 trillion

2 weeks ago

Cross River governor asks RMAFC for better revenue allocation

2 weeks ago

Former Emir of Kano and one-time Managing Director of First Bank, Muhammadu Sanusi II, has lamented that the nation’s economy has not been diversified, over 60 years after the discovery of oil in Nigeria.

Muhammadu Sanusi: Fuel subsidy a scam

2 weeks ago

The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate orders oil companies relocate to host communities

3 weeks ago

Ekiti State Governor and Chairman of the Nigeria Governors’ Forum, Kayode Fayemi, says only God knows what his political future holds in the 2023 general elections.

VAT: We’re awaiting Supreme Court verdict – NGF

3 weeks ago

FILE PHOTO - A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS-Afolabi Sotunde-File Photo

Petrol subsidy payments hit N714 billion in seven months

3 weeks ago

Nigerian government targets N2.2 trillion from VAT in 2022

4 weeks ago

The supreme court, on Friday, dismissed a suit filed by Shell Petroleum Development Company of Nigeria (SPDC), seeking the review of a judgment ordering it to pay N17 billion to some Ogoni communities in Rivers state.

Supreme Court fixes date for hearing on Rivers, Imo oil wells dispute

4 weeks ago