Nigeria spent 1.274 trillion naira ($3 billion) on fuel subsidies in the first five months of this year, a document sent by state oil firm NNPC’s to the government on oil and gas revenue distribution...
Finance Minister Zainab Ahmed has told Bloomberg that the Federal Government has suspended to raise about $950m selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising. Bloomberg reported Ahmed...
Finance Minister Zainab Ahmed has told Rueters that low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue. Ahmed added in an interview...
The Ministry of Finance has announced the appointment of Anamekwe Nwabuoku to oversee the office of the Accountant-General of the Federation. Nwabuoku will supervise the office following the suspension of Ahmed Idris, the Accountant-General of the...
The Minister of Finance, Zainab Ahmed, has said the federal government would provide the necessary support to NEXIM Bank to help improve non-oil export revenues to at least 30 per cent in five years. She says...
The national action committee on the African Continental Free Trade Area (AfCFTA) says it has commenced the development of policies in collaboration with relevant export agencies for the free flow of trade in Nigeria. Ogo Chukwura,...
Finance Minister Zainab Ahmed says the federal government will be issuing another $950 million bond before the month ends or in May. Ahmed said in an interview with Bloomberg “For 2022, we have already issued early...
Finance Minister, Zainab Ahmed says the federal government has recovered N53.5 billion out of N5.2 trillion owed by its ministries, departments, and agencies (MDAs). She spoke on Monday at the formal launch of Project Lighthouse Debt...
Finance Minister, Zainab Ahmed, says the N1.3 trillion intervention fund the federal government provided for the power sector has not yielded any significant result. On March 1, 2017, the federal government approved the sum of N701...
Finance Minister Zainab Ahmed says the federal government will use $2.2 billion of the fund raised through Eurobond and local borrowing to fund petrol under-recovery costs of the country. In September 2021, Nigeria raised $4 billion through Eurobond...