The Federal Government of Nigeria says it plans to set up a committee tasked with the responsibility of reviewing the revenue sharing formula for federal, state and local governments in the country due...

The Nigerian Communications Commission (NCC) has said that it remitted a total sum of N51.3 billion to Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019. According to...

The Federal Government of Nigeria has secured a $100 million loan from the Indian government in its quest to attain the much needed universal Internet coverage and broadband expansion. The loan which was...

 Governors in Nigeria say the payment of oil subsidy to marketers by the Nigerian National Petroleum Corporation (NNPC) is not sustainable as it drains the nation’s resources. Chairman of the Nigeria...

The new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari on Monday pledged to reactivate all four refineries before the expiration of President Muhammadu...

Maritime workers under the aegis of the Maritime Workers Union of Nigeria (MWUN) on Wednesday made good their threat of protesting their unpaid entitlements by the International Oil Companies (IOC) by...

The National Pensions Commission (PenCom) says states operating the Contributory Pension Scheme have refused to remit about N3.4 billion pension contributions deducted from their workers monthly remunerations. PenCom’s...

 Billionaire businessman and Chairman of Forte Oil Plc, Femi Otedola, has announced that the company has sold all  shares in it’s downstream operations to focus on their power generation business...

There are strong indications that the Federal Government of Nigeria may lift the ban on importation of vehicles through the land border which it imposed in January 2017. The government may have resolved...

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele says the apex bank has identified smuggling and dumping as major challenges working against the Federal Government’s economic policies. Emefiele,...

 Vice President for Sustainable Development of the World Bank, Laura Tuck has revealed that the continuous payment of huge sums of money as subsidies on fossil fuels consumption has worsened  the economic...

The African Union (AU) celebrated making one more step toward creating a continent-wide market of 1.2 billion people worth $2.5 trillion with the signing of the historic African Continental Free Trade...

President Muhammadu Buhari has said that the leadership of the National Assembly added about ₦90 billion to the 2019 appropriation bill of ₦8.92 trillion which he signed into law on Monday. Speaking...

The Nigerian National Petroleum Corporation (NNPC) said it met its financial obligations to the Federation Account last year by remitting ₦1.26 trillion as against the ₦1.22 trillion projected in the...

The Federal Government of Nigeria has generated the sum of ₦393.799 billion from Value Added Tax (VAT) in the first four months of this year. Official data released by the government over the weekend...

The 36 state governors in Nigeria have asked President Muhammadu Buhari to call the Nigerian Financial Intelligence Unit (NFIU) to order by stopping the moves by the agency to stop them from tampering...

The Securities and Exchange Commission (SEC) on Thursday warned Nigerians against engaging in a fraudulent online investment scheme tagged ‘Loom Money Nigeria’. The Acting Director-General of the...

 Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Wednesday said that with the country’s rapid increase in population, Nigerians should prepare for the tough times that lie ahead. Dr....

 Transactions of the Nigerian government through the Treasury Single Account (TSA) now stand at over ₦30 trillion.  The Coordinator of TSA in the Office of the Accountant-General of the Federation...

The Federal Executive Council (FEC) on Wednesday approved the sum of ₦970.2 million for the construction of residential accommodation for personnel of the Nigeria Customs Service (NCS). Briefing State...