30 results
- 9 Aug 2026
What Has Nigeria Truly Gained from N160Trn FAAC Allocations
By Blaise Udunze Could it be said that Nigeria’s true identity today represents a country suffering and grappling with soaring inflation, mass unemployment, failing public infrastructure and…
- 17 Jul 2015
₦11.56 Trillion Excess Crude Fund Develops Wings in 8 Years- Premium Times
At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to…
- 17 Oct 2015
EFCC Arrests Akpabio, Former Akwa Ibom Gov over Alleged N108Bn Fraud
Senator Godswill Akpabio, Senate Minority leader and former Governor of Akwa Ibom State was yesterday, arrested and quizzed by operatives of the Economic and Financial Crimes Commission (EFCC) at…
- 22 Oct 2025
Rafsanjani @ IMF/World Bank Meetings, Says Nigeria’s Debt Surge Reckless
Auwal Musa Rafsanjani, executive director, Civil Society Legislative Advocacy Centre (CISLAC) and head of Transparency International Nigeria, has highlighted Nigeria’s escalating debt as reckless and…
- 7 Jan 2026
NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
By Blaise Udunze When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the…
- 26 Dec 2014
Oshiomhole Says $30Bn Excess Crude Fund Unaccounted For
Governor Adams Oshiomhole of Edo state has accused the Federal Government of failing to account for about $30billion that have accrued to Nigeria’s excess crude account in the last three years,…
- 19 Apr 2026
FG Carpets W/Bank, Denies Alleged Diversion of Federation Revenue
Federal Ministry of Finance has dismissed claims that a significant portion of Nigeria’s federation revenue is being diverted or concealed, describing such reports as a misinterpretation of the…
- 6 Jul 2015
Buhari Approves N400Bn for Workers’ Salaries
Federal government yesterday, agreed to share about N391 billion ($1.7 billion) left from the controversial Excess Crude Account with state governments. This is intended to end the lingering and…
- 29 Mar 2022
Buhari Waxes Worriedly over Current Tax Administration
President Muhammadu Buhari Tuesday expressed concern at the current tax system in the country characterised by fragmented administration, multiple and sometimes overlapping taxes. Buhari in Abuja…
- 11 Mar 2013
Reps Order Arrest of NNPC Boss, Others over N142.7Bn Debt
House of Representatives Committee on Finance has said that the Nigerian National Petroleum Corporation (NNPC) owes the Federal Government N142.7 billion and that the Corporation has not shown any…
- 7 Jul 2015
Okonjo-Iweala Alleges Malicious Attacks, Persecution
Dr. Ngozi-Iweala, Nigeria’s former minister of Finance, has questioned the reason for an excessive attempt to batter her name and damage her reputation, saying it is malicious. In reaction to…
- 12 May 2019
CBN Reacts to Alleged Stolen Money from Apex Bank’s Coffers
Mr Isaac Okoroafor, director, Corporate Communications, Central Bank of Nigeria (CBN) said that no money is missing or stolen from the bank’s coffers as reported in some section of the media. …
- 14 Oct 2024
CBN Asks Banks to Invest More in Cybersecurity to Safeguard Depositors
Central Bank of Nigeria (CBN) has urged banks in the country to make significant investments in cybersecurity to safeguard depositors’ savings from hackers. Dr. Adetona Adedeji, acting director of…
- 22 May 2022
Buhari Names Anamekwe Nwabuoku as Acting AGF
Mr Anamekwe Nwabuoku has been appointed by the federal government as the acting Accountant General of the Federation (AGF). Anamekwe Nwabuoku, Acting AGF The appointment of Mr Nwabuoku followed the…
- 8 Jan 2024
CBN Debts Banks’ N576.20Bn via CRR
Central Bank of Nigeria (CBN) last week debited some commercial banks to the tune of N576.20 billion through the Cash Reserve Requirement (CRR). CRR is the minimum amount banks and merchant banks are…
- 28 Jan 2024
SERAP Calls on Govs, Wike to Account for N40trn LGA Allocations
Socio-Economic Rights and Accountability Project (SERAP) on Sunday called on the 36 state governors in Nigeria and Mr Nyesom Wike, minister of the Federal Capital Territory (FCT), Abuja, to “disclose…
- 10 Dec 2024
Nigeria's VAT Revenue Hits N1.78 Trillion in Q3 2024, NBS Reports
National Bureau of Statistics (NBS) has announced that Nigeria generated N1.78 trillion in value-added tax (VAT) revenue during the third quarter (Q3) of 2024, representing a 14.16 percent increase…
- 12 Nov 2025
Taxing, Borrowing the Future Without Building: What Has Nigeria’s Fiscal Authority Done for the Real Sector?
By Blaise Udunze In today’s Nigeria, one uncomfortable truth has become glaring that the fiscal authority collects, but it does not build. It borrows, but it does not produce. It taxes, but it does…
- 10 Apr 2026
Nigeria’s Growth under Threat as Poverty Deepens, World Bank Warns
World Bank has warned that Nigeria faces a deepening early childhood development crisis in health, nutrition, and learning, threatening long-term productivity and economic growth amid persistent…
- 23 Jul 2026
Even Messi Needed Trophies. Nigerians Demand Results, not Dribbling
By Blaise Udunze From a general observation, comparisons are powerful political tools. They simplify complex realities, inspire supporters and shape public perception. Another side of this is that…
- 30 Jul 2026
$40Bn Net Reserves, Record Wealth, Relentless Poverty: Who Is Nigeria's Economy Serving Today?
By Blaise Udunze No doubt, it was a welcome announcement that Nigeria's net foreign exchange (FX) reserves have surged by an astonishing 1,233 percent from about $3 billion to over $40 billion. This…
- 17 Jan 2013
FG Rebuffs Govs, Won’t Share $1Bn Oil Money
President Goodluck Jonathan has rebuffed state governors who are demanding additional $1 billion from the Excess Crude-oil Account (ECA), a week after the three tiers of government shared about…
- 2 Aug 2026
Dare Tackles Onaiyekan over Criticism of Tinubu, Says Economic is Working
Sunday Dare, special adviser to the President on Media and Public Communication, has faulted the criticism directed at President Bola Tinubu and his economic policies by John Cardinal Onaiyekan,…
- 30 Jan 2013
FG Bows to Pressure, Shares $1Bn from Oil Money
National Economic Council (NEC), the advisory body to the President on the economy met yesterday and approved the sharing of $1billion from the Excess Crude Account (ECA) among the 36 states of the…
- 23 Aug 2013
FG Puts Loss to Oil Theft in July at N365Bn
Dr. Yerima Ngama, minister of State for Finance, has said that the federal government has lost a total of N365 billion to oil theft in the month of July. Ngama stated this at the end of the…
- 23 Oct 2014
DMO Stops Banks from Lending to State Govts
Debt Management Office (DMO) has stopped the commercial banks from lending to the state governments as well as local governments across the country. Timothy Odaah, chairman of Commissioners of…
- 13 Jul 2015
Oshiomhole, Okonjo-Iweala in War of Words over $1Bn for Jonathan’s Re-Election
Adams Oshiomhole, Edo State Governor, has accused Dr. Ngozi Okonjo-Iweala, former minister of Finance and coordinating minister of the Economy, of tampering with $1 billion from the Federation…
- 23 Jun 2016
Finance Minister Holds Meeting with Staff Union over N1.2b Demand
Mrs. Kemi Adeosun, finance minister, yesterday met with staff unions at the Ministry of Finance to discuss the ongoing dispute over additional payments for Ministry of Finance civil servants.…
- 23 Mar 2017
FG Launches Accounting Software for Financial Discipline
As part of ongoing measures to improve Public Financial management across all levels of government, the federal government has developed an IPSAS Compliant accounting software suite “OneBook”, aimed…
- 8 May 2019
EFCC Probes FIRS Staff over Fraudulent Payments
Economic and Financial Crimes Commission (EFCC) has launched a probe into the activities of some staff of the Federal Inland Revenue Service (FIRS). Babatunde Fowler, FIRS chairman, confirmed…