The Federal Government’s collected revenue fell by 38.4 per cent in October, and it recorded a deficit of ₦66.51 billion within same period. The Central Bank of Nigeria revealed this in its ‘Economic Report October 2018’ which was released on Monday. In the report, the apex regulator stated, “Federally-collected revenue (gross) was estimated at N682.06bn […]
Read More
The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago. The November deficit was 1.4 percent higher than a year ago, reflecting in part higher spending […]
Read More
The Federal Executive Council presided over by President Muhammadu Buhari, has approved the $500 million Eurobond from the international capital market to fund the 2016 budget. The Minister of Finance, Kemi Adeosun, who briefed State House Correspondents alongside the Ministers of Information and Culture, Lai Mohammed, and Interior, Abdurahman Dambazzau, said that the next steps […]
Read More
[su_dropcap]T[/su_dropcap]he Nigeria Federal Government eyes the money set aside for funding joint venture projects with foreign and local oil firms to use in making up for any shortfall in the 2016 budget if its revenue projections are not met, the Minister of Finance, Mrs. Kemi Adeosun, has said. The nation has been trying to boost tax […]
Read More
