Tag Archives: FG

Ten Ministries, Departments and Agencies (MDAs), companies and individuals are owing the federal government N5.2 trillion. Out this amount the federal government has been able to recover only N57 billion. Director, Special Projects Federal Ministry of Finance, Aisha Omar, made this disclosure yesterday in Gombe, Gombe State during a one-day sensitisation programme for the North-East Geopolitical Zone programme on Federal ...

The federal government recorded a retained revenue of N4.06 trillion, representing 73.5 percent of the prorata target of N5.52 trillion, in the First half of the Year (H1). The Technical Assistant (TA) to the Director-General of the Budget Office of the Federation, Prof. Olumide Ayodele, disclosed this, at a workshop organized to sensitise Budget Officers on the 2024 Budget preparation, ...

The Ministry of Finance Incorporated, MOFI, the special purpose investment vehicle and asset custodian agency of the Federal Government of Nigeria, has disclosed its plans to identify, revive and list all moribund government assets on the stock exchanges in the country. Speaking on this plan uring a working visit to the Nigerian Exchange Limited, NGX , MOFI’s Managing Director/Chief Executive ...

The Federal Government through its Federal Competition and Consumer Protection Commission (FCCPC) has approved 173 digital lending applications to operate in the country. The commission gave conditional authorisations to 54 loan applications while 119 got full approvals. The FCCPC commenced a registration drive to protect Nigerian people from the atrocities and harassment that loan apps unleashed on people. After shifting ...

The Federal Government, on Thursday, announced the top five business efficient and transparent agencies among its Ministries, Departments and Agencies for the year 2022. It outlined the top five performing MDAs to include the Nigerian Content Development and Monitoring Board, Standards Organisation of Nigeria, Federal Competition and Consumer Protection Council, Nigerian Export-Import Bank, and Corporate Affairs Commission. The government announced ...

Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has filed processes challenging the jurisdiction of the Supreme Court to suspend the scheduled deadline for cash swap Malami, in a preliminary objection he filed on behalf of the Federal Government, applied for an order striking out the suit that three Northern States filed to halt the full ...

The Director General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, said that the Commission recognizes the disruption of fintech in the financial industry and is committed to creating an enabling regulatory environment that would ensure a balance between investor protection and technological advancement. Disclosing this in Abuja, Yuguda said SEC will advance efforts towards developing a comprehensive ...

A Federal Government agency, the National Bureau of Statistics, NBS in conjunction with some other bodies has said that 133 million Nigerians are currently living in poverty. The NBS conducted the survey in collaboration with the National Social Safety-Nets Coordinating Office (NASSCO), the United Nations Development Programme (UNDP), the United Nations Children’s Fund (UNICEF), and the Oxford Poverty and Human ...

The Federal Government has announced plans to address inflation by releasing food from its strategic reserves after flooding destroyed local supplies. This was disclosed by the Minister of Finance Mrs Zainab Ahmed at the presentation of the 2022 budget performance before the House of Representatives Committee on Finance on Wednesday in Abuja. The Minister also stated that the government has ...

The Nigerian Government has revealed it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative (NEITI) intervention. This was disclosed by Dr Orji Ogbonnaya Orji, Executive Secretary of NEITI, on Tuesday in Abuja at its Civil Society Organisations (CSO) and media engagement on Extractive Industries Transparency Initiative (EITI) validation, according to ...