The Federal Government has declared Tuesday, 15 July, 2025, as a public holiday in honour of the late former President of the Federal Republic of Nigeria, Muhammadu Buhari. Buhari died on Sunday evening in a clinic in London after protracted illness. In a statement by the Minister of[Read More…]
The Federation Account Allocation Committee (FAAC), has shared N1.659 trillion, being May 2025 revenue among the Federal Government, States and the Local Government Councils (LGCs). The revenue was shared at the June meeting of FAAC in Abuja on Wednesday. This is according to a communiqué issued at the[Read More…]
President of Dangote Group, Alhaji Aliko Dangote, on Wednesday, advised governments at all levels to encourage domestic investors. Dangote, who gave the advice at the Taraba International Investment Summit (TARAVEST) 2025 held in Jalingo, contended that only local investors could attract foreign investors to the country. The[Read More…]
The Federal Government says plans were underway to offset the N4 trillion debt owed to the Power Generation Companies (GenCos) for electricity generated. Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Mr Bolaji Tunji, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that[Read More…]
The Federal Government is engaging in consultations with the United States and World Trade Organisation (WTO) to find mutually beneficial solutions to the recent tariff measures announced by the Donald Trump administration. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole hinted at the consultations in a press statement[Read More…]
The Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the Debt Management Office (DMO), Patience Oniha, who gave the information on Wednesday in Lagos, during “an all parties meeting” for the issuance[Read More…]
The Federal Government is to spend 47,960,000,000,000 in 2025. The proposed expenditure was given as the Federal Executive Council (FEC) on Monday approved the budget proposals for 2025 with President Bola Tinubu ordering some amendments after its presentation to the Council by the Budget Office. Briefing[Read More…]
The Debt Management Office (DMO), has offered two Federal Government of Nigeria (FGN) savings bonds for subscription in December. The DMO said on Monday that the first offer was a two-year FGN savings bond due on Dec. 11, 2026, at an interest rate of 17.483 per cent per[Read More…]
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has confirmed plans by the Federal Government to raise Value Added Tax, VAT, to 15 percent. However, the minister explained that only luxury goods consumed by the rich would be affected. Edun made the disclosure[Read More…]
Two Federal Government of Nigeria (FGN) bonds have been offered for subscription in October at N1,000 per unit. A Debt Management Office (DMO) statement said the first offer is a two-year FGN savings bond due on Oct. 16, 2026, at an interest rate of 17.084 per cent per[Read More…]
