30 results
- 11 Jan 2026
Ministry of Finance Leads FG-Backed Deal to Deliver Quality Homes and Boost Agriculture in Niger State
The Federal Ministry of Finance has anchored the signing of a Memorandum of Understanding (MoU) between the Niger State Government and the Ministry of Finance Incorporated (MOFI) for the…
- 8 Aug 2014
NAGAFF Says Finance Ministry Deliberately Underfunding Customs
National Association of Government Approved Freight Forwarders (NAGAFF) has alleged that the Federal Ministry of Finance deliberately underfunds the Nigeria Customs Service (NCS), and stressed…
- 14 Jul 2020
Reps Ask Ministry, CBN to Account for $500m Extra Budgetary Spending
The House of Representatives is to investigate the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) for engaging in extra budgetary spending of over 500 million dollars from Nigeria…
- 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.…
- 18 Sept 2017
FG Inaugurates Committee to Coordinate Statistical Data in Agencies
The Federal Government has inaugurated a Finance Sectoral Consultative Committee for the effective coordination of statistical data in the ministry of finance and its agencies. Dr. Mahmoud Isa-Dutse,…
- 25 May 2026
Court Orders FG to Reveal Identity of Local Contractors in $460m Abuja CCTV Project
Federal High Court has ordered the Ministry of Finance to disclose the total amount paid under the $460 million Abuja CCTV loan, the identities of local and Chinese contractors who received the…
- 13 Jun 2013
MDAs, Banks Stash FG’s N58Bn
Ministry of Finance has accused some ministries, departments and agencies (MDAs) of the federal government of colluding with some banks to withhold about N58 billion they generated and has threatened…
- 25 Oct 2019
Reps Kick as FG Repay $460m Chinese Loan for Failed Abuja CCTV Project
House of Representatives Committee on Finance has demanded further explanations on the $460m Abuja CCTV project from the Ministry of Finance. Mrs. Zainab Ahmed, minister of Finance, however…
- 10 Aug 2026
FG Suspends NAICOM’s N680m Insurance Recapitalisation Fees
Federal Ministry of Finance has halted enforcement of about N680 million in disputed fees imposed by the National Insurance Commission (NAICOM) on NICON Insurance Limited and Nigeria Reinsurance…
- 27 Apr 2016
Nigeria to Pay States’ Bondholders Despite Debt Deferral
The Federal Government of Nigeria said it will help pay the states’ creditors, including bondholders, despite the Finance Ministry’s announcement last week to defer their debt obligations for the…
- 9 Feb 2009
FG opens Bid for Sale of Savannah Sugar
The Bureau of Public Enterprises (BPE), has opened financial bids for the remaining Federal Government equity in Savannah Sugar Company (SSCL.) The Federal Government has 4.88 % in SSCL which…
- 10 Aug 2015
Buhari Queries Ministry over Diversion $1Bn Rail Project Loan
President Muhammed Buhari has asked the Ministry of Finance to account for the foreign loans aimed at the rail projects but used for other purposes. The amount involved was part of the loan of $1.005…
- 28 Sept 2010
FG Appoints Afribank for UBE Funding
Afribank Nigeria Plc has been designated as Universal Basic Education (UBE) Funds Domiciliation and disbursement bank by the Federal Government through the Federal Ministry of Finance and the…
- 5 Sept 2022
Pantami Explains Why FG Suspended 5% Excise Tax on Telecom Services
The Federal Government on Monday suspended the controversial 5% excise duty on telecommunication services recently announced by the Ministry of Finance and Nigerian Customs. Isa Ali Pantami, minister…
- 3 Apr 2020
FG Regrets Begging Musk, U.S. Billionaire for Ventilators
Federal Ministry of Finance, Budget and National Planning has deleted a tweet in which it pleaded with Elon Musk, American billionaire, for ventilators to treat the COVID-19 pandemic. Mr. Yunusa…
- 13 Nov 2020
Angst as FG Plans to Take Over Unclaimed Dividends, Dormant Accounts
Federal government is once again proposing the unpopular Unclaimed Dividend Trust amendment to the Companies & Allied Matters Act (CAMA), where unutilised bank balance and unclaimed dividends…
- 14 Oct 2013
CBN, NDIC Take Over NEFRFUND
The federal government has approved the takeover of the management and control of the National Economic Reconstruction Fund by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance…
- 4 Aug 2020
SSASCGOC Asks FG to Intervene in FIRS, NIPOST Stamp Duty Crisis
Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC), has called on the Federal Government to immediately wade into the brewing crisis between the Federal…
- 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…
- 21 Jul 2022
Debt Servicing Surpassed Nigeria’s Revenue in Q1- Report
Debt servicing surpassed Nigeria’s generated revenue in the first quarter of this year, the Ministry of Finance revealed on Thursday. In the fiscal performance report released by the ministry, the…
- 29 Jun 2026
NDIC Says 281m Depositors Protected against Bank Failure
Nigeria Deposit Insurance Corporation (NDIC) has said more than 281 million depositors across the country’s banking system are protected against bank failure, following reforms that significantly…
- 24 Jun 2016
FG to Restructure N3Bn Nollywood Grant
The N3billion Federal Government’s grant for the Nigerian Film industry known as Nollywood is being restructured to make it serve the purpose for which it was created, the Ministry of Finance said…
- 25 Oct 2016
Sack Adeosun, 2 Other Ministers- Agoro
Olapade Agoro, a former presidential candidate, has mentioned the three ministers that should be immediately be sent packing If President Muhammadu Buhari must spend the remaining part of his…
- 10 Feb 2016
Efficiency Unit Devises Strategies to Manage Procurement Costs
In furtherance of its commitment to re-prioritise spending and cut cost on recurrent expenditure, The Efficiency Unit of the Federal Ministry of Finance has said it is planning to introduce detailed…
- 16 Mar 2016
FG to Generate over N4Bn Savings on Annual Travel Costs
Federal Ministry of Finance has disclosed that discussions with local and international airlines to secure discounts for travel by government officials are yielding positive results. A…
- 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…
- 13 Jan 2017
FG Applies for Banking Licence for DBN
Federal government has formally applied for operational license for Development Bank of Nigeria (DBN) from the Central Bank of Nigeria (CBN). A statement from the Federal Ministry of Finance…
- 8 Jan 2014
FG to Float NMRC, New Mortgage Company
The Federal Government plans to establish a new Nigeria Mortgage Refinance Company (NMRC) to revive the housing sector. According to a release by the Ministry of Finance on Federal Government…
- 23 Nov 2016
FG Agrees to Reduce Income Tax for MSMES
‎The Federal Ministry of Finance said the federal government would propose a reduction in the income tax rate, as part of strategies to encouraging compliance by the operations of Micro, Small,…
- 29 Oct 2020
FG Warns Nigerian about On-Going N3m COVID-19 Grant Scam
Federal Government has issued a warning to Nigerians about an ongoing N3million COVID-19 scam in circulation. This was disclosed by the Federal Ministry of Finance, Budget and National Planning via…