The Federal Government on Monday hinted of its plans to borrow about N4.89 trillion locally and externally in 2022 to fund the revenue shortfall in its proposed budget of N13.98trn in the fiscal year. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this during an interactive session with members of the House […]
The 36 State Governments in Nigeria have filed a suit at the Supreme Court against the Federal Government over its alleged failure to remit funds and other recovered assets into the federation account. The suit dated March 9, 2021 with number SC/395/2021 was filed on June 16, 2021 on behalf of the plaintiffs and has […]
The Centre for the Study of Economies of Africa (CSEA) has charged the federal and sub-national governments in Nigeria to improve the nation’s business climate as a strategic option of boosting Value Added Tax (VAT) collection and growing key sectors of the economy on a sustainable basis. The leading non-for-profit research think tank gave this […]
With the price of Brent oil peaking at $70.46 per barrel on Tuesday from $68.50 a day earlier, there are strong indications that Nigeria’s deficit financing problem may be abated if the rising oil prices in the global market are sustained for weeks or months. Industry analysts believe that at $70.46 per barrel, Nigeria could […]
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed (4th from left) poses for a group photograph with the Board of the Nigeria Deposit Insurance Corporation (NDIC) members led by the Chairman, Mrs. Ronke Sokefun (5th from left); the NDIC Managing Director/Chief Executive, Mr. Bello Hassan (4th from right); during the NDIC Board’s courtesy […]
The Nigeria Labour Congress (NLC) has rejected a statement credited to the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on plans by the Federal Government to cut salaries of public servants, warning that that such a statement could further worsen the nation’s current socio-economic crisis. The President of the NLC, Mallam Ayuba […]
The Federal Government on Friday commended the management of Nigeria Export-Import Bank (NEXIM Bank), for returning the bank to profitability and reducing its non- performing loans (NPL). The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, gave the commendation when she inaugurated two newly appointed Non – Executive Directors into the Board of […]
Key stakeholders in the nation’s fiscal system and investment space on Thursday advised the Federal Government to focus on raising bonds from the capital market as a means to financing revenue generating projects while working to reduce balance sheet borrowing. The advice was among other key resolutions reached at the Securities and Exchange Commission’s yearly […]
The Securities and Exchange Commission (SEC) in partnership with the Attorney General Alliance Africa (AGA-Africa) will train law enforcement agencies, lawyers and the public on prevention of Ponzi scheme frauds in the country. A statement issued by a joint committee of SEC and AGA-Africa on Sunday indicated that the two-day webinar training with the title […]
The Federal Government on Wednesday hinged Nigeria’s exit from economic recession on the gains from its ongoing economic diversification agenda, particularly the value addition from the implementation of the Economic Sustainability Plan (ESP). The Minister of Finance, Mrs. Zainab Ahmed, made this known while chatting with State House correspondents at the end of Federal Executive […]