Zainab Ahmed

The Nigeria Senate yesterday rejected the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which proposed a N12.43 trillion deficit and N6 trillion tax and import duty waivers in the N19.76 trillion budget. The Upper Legislative Chamber of the National Assembly, also directed the Nigeria Customs Service (NCS) to carry out a downward […]

The Naira, Nigeria’s local currency, is likely to weaken further over time, despite signs of recovery from a record low on Thursday, according to the country’s finance minister. Reports from Bloomberg News indicts that the naira gained 0.0367% to 435.84 on the spot market as of 5:30 p.m. in Lagos on Thursday, following a recovery […]

The Federal Government is proposing a budget with estimates totaling N19.76tn, while the deficit will hover between N11.30tn and N12.41tn in the 2023 fiscal year. According to PUNCH, the Minister of Finance, Budget and National Planning, Zainab Ahmed, who made this known in Abuja on Monday, decried that the government might be unable to provide […]


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