Budget and National Planning

Commercial banks in the country extended the deduction of N50 electronic money transfer levy (EMTL) to transfers into domiciliary accounts. Recall that banks had been making the EMTL deduction on transfers into domestic bank accounts.…

Minister of State for Petroleum Resources, Chief Timipre Sylva, on Monday, that the Nigerian National Petroleum Company Limited (NNPCL), is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the…

The Federal Government may have concluded plans to rename the Federal Inland Revenue Service (FIRS). The Agency could be renamed be called the Nigeria Revenue Service (NRS). The name change, it was gathered, would depend on whether…

The Federal Government may have to borrow about N11.3 trillion to fund expenditure in the 2023 budget as the deficit is projected to be at most, over 12.41 trillion next year or at least, N11.3 trillion which is over 100 per cent of the…

The House of Representatives, on Tuesday, issued a week ultimatum to Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, to appear before lawmakers and provide relevant documents on the N6.7 trillion fuel subsidy for 2022…

Anthony Iwuoma Despite the protracted strike action of the university lecturers under the aegis of the Academic Staff Union of Universities (ASUU) over pay, the Federal Government has justified  expending a whopping N1.15bn on the…

The Federal Government withdrew $1 billion from the Excess Crude Account (ECA) to fund security amid depleting oil revenue, an official said on Wednesday. Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, made this…

President Muhammadu Buhari is now back in Abuja, the nation’s capital, after attending the 26th Commonwealth Heads of Government Meeting (CHOGM), in Kigali, the capital of Rwanda. The president returned to the country, on Sunday.…

Acting Accountant-General of the Federation (AGF), Mr. Anamekwe Nwabuoku, has declared that Nigeria was currently borrowing money to pay salaries. The Accountant-General of the Federation disclosed this at a retreat organised by the…

The Federal Executive Council (FEC), on Wednesday, observed a minute silence in honour of the victims of the terrorist attack on the Abuja-Kaduna train. The FEC meeting was presided by President Muhammadu Buhari at the Council Chamber of…