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Crude oil

Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse

The Federal Ministry of Finance has rejected claims regarding the collapse of a potential $5 billion forward sale of crude ...

Wale Edun pushes finance ministry directors to deliver 7% GDP growth

Wale Edun pushes finance ministry directors to deliver 7% GDP growth

The Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun, has called on top management staff of ...

ASA 2024 assembles continental powerhouses to achieve food security

Finance ministry denies N13 billion corruption allegation in CNG contract

by Israel Ojoko

The Federal Ministry of Finance has firmly denied allegations that it awarded N13 billion in contracts without due process, emphasizing ...

Ministry of Finance

Federal Ministry of Finance building on fire

by William Ukpe

February 23, 2022

The building housing the Federal Ministry of Finance is currently on fire.

FG warns Nigerians about on-going N3million COVID-19 grant scam, IMF, World bank loans, Over 56% of 2019 budget expenditure was released for capital projects , FG changes decision to sell stake of oil assets in JVs, Finance Bill: Nigeria exempts small businesses from Company Income Tax , Finance Bill is for the good of Nigerians – Finance Minister, Zainab Ahmed, Nigeria, five other West African countries reject ‘Eco’ as ECOWAS single currency, FG rejects calls for tax reduction, tax relief for donors to intervention funds, Nigerian economy going into recession, might contract by -8.9% - Finance Minister, Nigeria to spend $33.20 billion in 2021 up 17.2%, will spend 25% of budget on debt servicing - Finance Ministry, COVID -19: FG accesses $750m loans from World Bank for states

FG warns Nigerians about on-going N3million COVID-19 grant scam

by Abiola Odutola

October 29, 2020

FG has warned Nigerians to beware of scammers using phishing links to defraud unsuspecting members of the public.

Mrs. Zainab Ahmed, FEC reviews Ajaokuta-Kaduna-Kano gas project contract, approves $2.571 billion, Don’t over heat bleak economic outlook – Finance Minister, FAAC meeting ends abruptly as members disagree over revenue allocation for FG, States, LGs, Nigeria’s total debt portfolio as at December 2019 stands at N27.4 trillion, Accountant-General’s office fire outbreak: FG reacts to claims of missing N700 billion

Accountant-General’s office fire: FG reacts to claims of missing N700 billion

by Chike Olisah

As a fall out of the fire incident that recently gutted the office of the Accountant-General of the Federation, the ...

Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 , Nigeria needs $100 billion annually to fix infrastructural deficit – Finance Minister , Oil: Nigeria makes N5.4 trillion in 1 year , FG secures World Bank’s approval to borrow $3 billion , debt, FG to develop new economic development plan Vision 2040 , Nigeria’s infrastructure gap: Too little too late? , Again, Finance Minister argues that Nigeria is not in debt distress , FG defends $22.7 billion new loans from World Bank, others , Finance Minister wants investors to curb Nigeria’s medical tourism through health investment

Nigeria spends N1.11 trillion to service debt in half year 2019

by Bamidele Samuel Adesoji

September 17, 2019

Nigeria spent a whooping N1.11 trillion to cover debt service obligations in the first six months of the year 2019.

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