The Minister of Finance, Mrs. Kemi Adeosun on Friday reaffirmed the commitment of the Muhammadu Buhari-led administration to return the economy on a path of sustainable growth having weathered the storm of a difficult macroeconomic environment over the years.
The US Ambassador, Mr. W. Stuart...
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The House of Representatives on Tuesday ordered the immediate probe of the office of the Acting President Yemi Osinbajo for allegedly politicising the Federal Government’s social intervention scheme.
Adopting the motion sponsored by Mr. Mark Gbillah (PDP, Benue), the lawmakers also ordered the...
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Nigeria's Finance Minister, Kemi Adeosun has launched an Asset Tracking and Management Project which will locate, identify, assess and evaluate all moveable and non-moveable assets of the federal government.
This follows the recent recovery of government property from ex government officials...
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All is now set for the take off of the Development Bank of Nigeria, DBN, the Presidency on Tuesday said.
The DBN is expected to increase access to finance for MSMEs through eligible financial intermediaries. The DBN will make fund accessible to development banks who will in turn provide loans...
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Nigeria's Finance Minister, Kemi Adeosun, has ruled out FG borrowing money from the IMF to improve the country's economy.
Speaking on CNBC, Adeosun said it is a last resort.
“For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have...
The Federal Government has said it will not apply for International Monetary Fund loan.
Minister of finance, Kemi Adeosun stated this in an interview with CNBC.
She said: “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance...
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Nigeria's Finance Minister on Thursday at the Federal Executive Council meeting stated how much is left in the country's Excess Crude Account,
According to her, the balance in Excess Crude Account (ECA) = US$ 2,458,382,844.03 as at February 15, 2017.
Nigeria's Finance Minister Kemi Adeosun has revealed why the January allocation for Ekiti state was blocked by the federal government.
The January allocation from the Budget Support Facility, to Ekiti State was suspended because the state failed to comply with the basic requirements for...
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The Senate Committee on Housing and Urban Development has alleged the presence of a strange vote to the tune of 2 Billion naira in one of the estimates for the Ministry of Housing.
According to PUNCH reports, indications emerged that the budget padding mess which occurred in the 2016 budget is...
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The Federal Government has said the over subscription of its recent Eurobond in excess of $7.8 billion compared to a pre-issuance target of $1bn showed strong market appetite for Nigeria.
It also said the development is confirming confidence of the international investment community in...
The upward review of duties on imported products and goods by the Federal Government has raised prices of imported goods and products is causing patients and healthcare providers sleepless nights.
Following the directive on Tax for medicaments by the Minister of Finance, Mrs. Kemi Adeosun to...
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Nigeria's US$1 billion Eurobond was 780 per cent oversubscribed, demonstrating a strong market appetite for Nigeria
The federal government on Thursday revealed that the newly established US$1 billion Global Medium Term Note programme will bear interest at a rate of 7.875 per cent to mature on...
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The Federal Government has announced plans to increase tax on luxury items like champagne and others.
This was revealed by the Minister of Finance, Kemi Adeosun, after the Federal Executive Council meeting on Wednesday.
In economics, a luxury good is a good for which demand increases more than...
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President Muhammadu Buhari's Chief of Staff Abba Kyari on Wednesday ordered immediate payment of the N150 billion to oil marketers.
Kyari gave the order after a meeting attended by Minister of Finance, Kemi Adeosun; the Minister of State for Aviation, Hadi Sirika; Group Managing Director of...
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President Muhammadu Buhari-led federal government's efforts to secure funds from international lenders to help haul it out of recession have stalled.
'This is because it has not submitted the required economic reform plans', according to one of the banks and sources close to the matter.
The...
Nigeria's Finance Minister Kemi Adeosun is confident that the country's black market, where dollar is most expensive, will soon collapse.
Speaking in Abuja on Monday, she said the market had no backbone.
"The black market would soon collapse because it is not driven by any fundamentals and...
The Federal Ministry of Finance has said that it had not increased the import duty on food items and other luxury goods.
A statement issued by the Director of Information, Salisu Dambatta on Friday, said that contrary to reports that tariffs on such items had been increased, the government had...
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President Muhammadu Buhari-led federal government has approved new import duties on luxury goods such as yachts and sport utility vehicles (SUVs), and some food items imported into the country.
The increase contained in a circular issued by the Minister of Finance, Mrs. Kemi Adeosun to the...
The three tiers of government comprising federal, states and local government councils shared a grand total of N4.97 trillion as federation revenue approved by the Federal Accounts Allocation Committee (FAAC) in 2016 fiscal year.
The N4.97 trillion represents 12 months of disbursements with...
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Nigeria's Finance Minister, Kemi Adeosun, has explained why some federal workers are yet to receive their salaries.
According to her, this is because federal agencies usually exhaust their budget allocations before the end of the year and thus become without cash by the end of the year.
The...
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