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The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019.
To ensure an accountable and democratic government, the European Union (EU) British Council has stressed the need to invest in, and engage with Civil Society Organisations (CSO’s), saying their contributions to sustainable development in any country cannot be over emphasised.
Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
As Nigeria marks its 59th independence anniversary, President Muhammadu Buhari has ordered the Ministry of Finance, Budget and National Planning to release the sum of N600 billion for capital expenditure within a three-month time frame.
The Senate has commended the recent decision by President Muhammadu Buhari to temporarily close all land borders to address smuggling and its impact on the Nigerian economy.
The Nigeria Immigration Service on Thursday, unveiled its National Border Strategy 2019 to enhance national security.
The federal government is negotiating for a new tranche of $2.5 billion concessionary loans with the World Bank, in a move to fund its estimated N2.15 trillion deficit contained in 2020 national budget. Also, the 2019 budget has a deficit of N1.64 trillion to be funded by loans.
The Federal Government has announced that it was fine-tuning arrangements to embark on a 30-year economic long-term development plan.
Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians.
President Muhammadu Buhari on Wednesday explained why he created new ministries and merged others.
The federal government has said it will begin deduction of the N614 billion bailout funds disbursed to 35 States of the federation (excluding Lagos) under the National Budget Support Loan Facility.
The Bureau of Public Procurement (BPP) says it saved more than N26.86 billion for the Federal Government in 2018 alone, by revising down inflated contract sums by government contractors.
President Muhammadu Buhari on Thursday assured that Nigeria is ready to provide counterpart funding on all agreements reached with China for the provision of infrastructure that directly improves the livelihood of Nigerians.
There is no confirmation as to what Bayern actually want to pay for Coutinho, but the fee is rumoured to be in the region of €90m – which would still be a club record for the Bundesliga champions.
Unai Emery is under pressure to get Arsenal back into the Champions League. Raul Sanllehi has been as clear as he can be in informing fans, and the head coach, of what they expect.
Nigerian singer, songwriter and record producer, David Adedeji Adeleke aka Davido, has deposited the sum of $100K (N36million) to purchase customised jewelry for Zlatan Ibile, Skibii and seven other members of his 30BG (30billion gang).
Governor Ben Ayade of Cross River State had described the All Progressives Congress, APC, as a group of persons notorious for lies.
The FCT Minister of State, Dr Ramatu Aliyu, has called on the National Emergency Management Agency (NEMA) to extend relief assistance to the people affected by flood in over 150 communities in Kogi State.
The Nigerian National Petroleum Corporation (NNPC) has raised the alarm on the increasing menace of oil pipeline vandalism which hit a record high of 228 pulverized points in July.
Dr. Omoh Akimbode, a Physiotherapist, has said that people aged 30 and above were more prone to having serious back pain.
Britain’s Brexit Minister Stephen Barclay said Tuesday that a divorce deal with the EU was “still very possible” as the two sides pursue intense negotiations ahead of a summit this week.
Victor Makalala has said that his love to play for his home club motivated his move to Wolves.
The home-based Super Eagles will host Togo in the return leg of the 2020 African Nations Championship final qualifier on October 19 at the Agege Stadium in Lagos.