The Federal Government and other tiers of government set aside a combined N3.56tn as savings from Federation Account revenue between January and September 2026, despite the Federal Government’s increasing reliance on borrowing to finance its budget deficit. The amount represents a 95 per cent increase from the N1.83tn recorded in the corresponding period of 2025,
The Federal Government has vowed to crack down on inflated public contracts and procurement violations, warning heads of government-owned agencies, corporations, councils, authorities and commissions that they risk sanctions for breaching procurement regulations. The government raised the alarm over contract awards that exceed approved price benchmarks, restricted competition through exclusive arrangements for contractors and undermine
The Federal Government has congratulated Samson Adamu following his confirmation as the substantive General Secretary of the Confederation of African Football. NSC Chairman, Shehu Dikko, commended Nigeria’s career progression at CAF, where
The Federal Government’s latest Treasury bill auction offered an insight into its borrowing strategy, investors’ appetite for government securities and the changing direction of interest rates in the domestic debt market. Despite receiving N1.91tn in bids against an advertised N800bn offer, the Debt Management Office accepted only N71.16bn, rejecting about N1.84tn.
Tinubu: Is Lagos Island not a part of Nigeria? “Dele, Oga Oniwe Irohin ni e, so fun wa, kini o ri ti ijoba apapo se si Eko lati igba ti Tinubu ti wo’le”, one of them said.
The Federal Government has signed a $30m grant agreement with China to finance community-based development projects across Nigeria as part of efforts to reduce poverty, improve livelihoods and expand economic opportunities at the grassroots. The agreement, valued at RMB200m, was signed on Thursday at the Federal Ministry of Budget and Economic Planning in Abuja, according
Finance Minister Katy Gallagher says growing pressures on the federal budget mean the government cannot promise it will find overall savings in its December update, even as Australians brace for another interest rate rise amid ongoing high inflation.