FG, States, FCT Owed N35.5trn June 2021
With President Muhammadu Buhari’s fresh request to borrow additional $4.054bn and €710m external loans, Debt Management Office (DMO) disclosed on…
Buhari, Kagame, Osinbajo call for inclusive financial system
President Muhammadu Buhari, his Rwandan counterpart, Paul Kagame and Vice President Yemi Osinbajo yesterday, made a strong case for a…
Ogun State Joins VAT ‘War’, Bill Passes Second Reading
A bill for a law to impose and charge Value Added Tax (VAT) on certain goods and services, provide for…
PDP Raises Alarm Over Buhari’s Demand for Fresh Loans of $4bn, $710m
The Peoples Democratic Party (PDP) has raised alarm over the fresh demand of President Muhammadu Buhari to the National Assembly…
VAT Judgement: FIRS May Lose N92bn Revenue to States
Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning If the judgment of the Federal High Court asking states…
Investors Lose N177bn as Stocks Extend Decline
The market capitalisation of equities listed on the Nigerian Exchange Limited plunged by N176.64bn last week as the All-Share index…
Debt servicing: Nigeria Pays $1.79bn to World Bank, China in Five Years
Nigeria spent $1.79bn in five years on servicing the debts owed to World Bank and the Exim Bank of China,…
FG Expects Single Digit Inflation by 2023 —Zainab Ahmed
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that the Federal Government is targeting single-digit inflation…
States Generate N5.30tn, get N10.19tn, Borrow N1.84tn in Five Years
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn…
New revenue formula will be submitted to Buhari before end of 2021 – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the review of the revenue allocation formula will be ready for…