Leah Sharibu’s Mother Denies Suing FG

Mother of Leah Sharibu,the Dapchi schoolgirl still in Boko Haram custody, has denied the reports that she is suing the Federal Government. There were reports in the local media that Rebecca Sharibu had sued the Federal Government for damages. However, according to CNN, she “strenuously denied” the claims she took such a legal action against […]

FG Explains Paris Club Refund To States

The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation.   It will be recalled that the issue of Paris Club loan over-deduction had been a long standing dispute between the Federal Government and the State Governments which dated back to the […]

FG, States, Others Shared N3.95tr In Q1, 2018

The Federal, States and Local Government Areas across the country shared a total of N3.95 trillion from the Federation Account in the first half of 2018. The disbursements made at the Federation Accounts Allocation Committee (FAAC) represent an increase of 41 percent when compared to the N2.79 trillion disbursed in the first half of 2017 […]

FG, States Debts Hit $22 Billion

The Debt Management Office (DMO), on Wednesday August 29, 2018 put Nigeria’s external debt stock at $22billion. Out of the amount, the Federal Government’s quotient is $17.8 billion, while the combined debt portfolio by the states and the Federal Capital Territory (FCT) stands at $4.28 billion. Of the combined states’ figure, Lagos State, the commercial […]

FG Not Paying $300m For 5% Stake In Nigeria Air –Aviation Minister, Sirika

The Minister of State for Aviation, Senator Hadi Sirika, says the Federal Government is not paying 300 million dollars for a five per cent stake in the Nigeria Air recently unveiled in London. Sirika gave the clarification in a statement by Mr James Odaudu, Deputy Director, Media and Public Affairs, Ministry of Transportation, on Tuesday in […]

FIRS INCREASES REVENUE BY 42 PER CENT

The Federal Inland Revenue Service has announced that it realized a total of N2, 529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and fifteen million, one hundred and seventy-four thousand, six hundred and one naira, twenty-five kobo) from various taxes from January to June 2018. The amount shows that the Service had realized 75% of its […]

FG Reconstitutes Tax Appeal Tribunals

The Federal Government has reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and Federal Capital Territory. The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the Federal Inland Revenue Service (FIRS) Establishment Act. The Honourable Minister of Finance, Mrs. Kemi Adeosun, who […]

FG to Introduce New Classification For Insurance Firms

The Federal Government, through the National Insurance Commission, plans to introduce a new classification policy in the industry, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Muhammad Kari, has said. Kari stated this at an executive breakfast meeting organised by the Society for Corporate Governance Nigeria, in Lagos on Wednesday. According to […]

FG: N1.580 Trillion Capital Cost Released To MDAs FOR 2017

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to Ministries, Departments and Agencies for the 2017 federal budget. The Minister of Finance, Mrs. Kemi Adeosun made this known in Abuja […]