National Chairman of ruling All Progressives Congress, APC, Abdullahi Adamu, yesterday came under attacks over his comments that the federal government could borrow till eternity to fund the country’s infrastructure regeneration, as the Nigeria Employers’ Consultative Association, NECA, Labour Party,…
Strike: Again, FG, ASUU meeting end in deadlock
ABUJA — AGAIN, the negotiation meeting held by the federal government and Academic Staff Union of Universities (ASUU) yesterday, ended in deadlock, thus dashing hope of imminent resumption of academic activities in the nation’s public universities. The union had met…
Tight monetary policy threatens FG’s N720bn borrowing plan
•As investors’ quest for higher yield constrains July auction •FG may resort to Ways & Means – Analysts The Federal Government’s plan to borrow about N720 billion through FGN bond auctions in the third quarter, Q3’22, has come under fresh…
Lai Mohammed rolls out Buhari’s 100 achievements in 2021 [Full Text]
The Minister of Information and Culture, Lai Mohammed has listed 100 achievements of the President Muhammadu Buhari administration in 2021. Mohammed said the Buhari government recorded tremendous achievements across all sectors in 2021, despite security, economic challenges and effects of…
Buhari: Petrol Subsidy Eroding Revenues Available to Fund Budget
*Presents N16.39trn appropriation bill to N’Assembly *Says defence remains priority *To finance deficit with fresh N5.01trn borrowings *Lawan flays high level of budget shortfall *Gbajabiamila assures of quick consideration of appropriation bill *APC: Proposed spending will accelerate economic diversification *PDP:…
FG to unveil 2022 budget details today
The Federal Government will on Friday (today) publish the estimates in the 2022 Appropriation Bill laid before a joint session of the National Assembly by the President, Major General Muhammadu Buhari (retd.), on Thursday. The Minister of Finance, Budget and…
FG says schools would reopen soon, 78 private universities ready to resume
The Federal Government has said that no particular date has been fixed yet for the full resumption of schools, although it continues to engage stakeholders and is optimistic that schools would be resuming soon. This was disclosed by the Minister…
FG owes NFF N1.5bn AFCON money
The Federal Government is yet to release the N1.5bn approved for the Super Eagles to compete at the 2019 Africa Cup of Nations, Sports Extra has exclusively gathered. The Eagles finished third at the tournament behind winners Algeria and runners-up Senegal. A top…
Federal Government increases borrowing from Pension Funds
Is this good or bad for your pension contributions? The way different people perceive and interpret pension funds’ involvement with financial products issued by the Federal Government has always been a battle of semantics or nomenclature. While some see it as…
Federal Government offers fresh N100bn bonds for subscription
In a circular made available to the public, the Debt Management Office (DMO), yesterday, disclosed that it has been authorised to receive applications for Federal Government’s fresh N100 billion worth of bonds. According to the DMO, the bonds would be auctioned on Wednesday, May 22,…