Tag: Finance

Finance Minister, Zainab Meets NASS Leadership on MTEF-FSP

AMT Tanimu- July 7, 2021

Zainab Shamsuna AhmedNigeria's Finance Minister The Hon. Minister of Finance, Budget & National Planning, Mrs. Zainab Shamsuna Ahmed and heads of agencies met with the ... Read More

Ministry of Transport Sets Committee for Disbursement of N10bn

Henry Solomon- September 11, 2020

Ministry of Transportation has constituted a committee to draw up guidelines for the disbursement of the ten billion naira Federal Government palliative fund for road ... Read More

Over N96bn Paid Across Operational Departments – PTAD

Henry Solomon- September 9, 2020

The Pension Transitional Arrangement Directorate (PTAD) has paid over N96 billion across all the operational departments of the Federal Government between July 2019 and August ... Read More

Breakdown of Contributions to Fight #COVID19Nigeria – CBN

AMT Tanimu- April 2, 2020

The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 ... Read More

COVID-19: Nigeria May Review 2020 Budget – FG

Henry Solomon- March 4, 2020

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the outbreak of Covid-19 has negatively impacted Nigeria’s oil revenue, saying a mid-term review ... Read More

Nigeria Secures $2.5bn Gas Pipeline Finance

AMT Tanimu- January 26, 2020

Nigeria will close a $2.5bn financing agreement with Chinese lenders by the start of the second quarter of 2020 to fund the single biggest gas ... Read More

President Buhari Approves Additional Cost Saving Measures

AMT Tanimu- October 17, 2019

In a bid to curb leakages and ensure efficiency in the management of resources of Government, President Muhammadu Buhari, has approved for immediate implementation, additional ... Read More

Nigeria will Not Progress Without Taxation – CITN

Henry Solomon- October 15, 2019

Mrs Olajumoke Simplice, President, Chartered Institute of Taxation of Nigeria (CITN), has said that Nigeria will not progress without effective taxation system in place. Simplice ... Read More

NSE: Market capitalisation dips N18bn

admin- June 24, 2019

Transactions on the nation’s bourse resumed for the week on Monday still on a downward trend with the market capitalisation dropping by N18 billion. Speficially, ... Read More

Bayelsa rakes in N1.15bn from internal revenue in April

admin- May 28, 2019

The Bayelsa Government said it generated N1.15 billion  from internal sources in April 2019. Deputy Gov. John Jonah, stated this on Tuesday in Yenagoa, at ... Read More

Investors lose £27m to crypto, forex scams

admin- May 21, 2019

The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning ... Read More

FG awards $3.9b contract for Warri seaport

admin- May 8, 2019

The federal government has approved the building of a new seaport in Warri at a cost of $3.9 billion. Contract has also been awarded for ... Read More

Buhari donates 293m to support Guinea Bissau

admin- April 26, 2019

President Muhammadu Buhari has approved the donation of 500,000 dollars, two light trucks, 5 Hilux vans, 10 motorcycles and 350 units of electoral kits to ... Read More

CBN Agrees To Reduce Interest Rate

admin- March 27, 2019

More than two years after pegging the interest rate on lending between Money Deposit Banks at 14%, six of the 11 members of the Monetary ... Read More

Investors pulled $2.1bn from NSE in 2018 -Report

admin- January 24, 2019

Investors pulled $2.1bn from NSE in 2018 -Report Foreign investors sold off Nigerian stocks valued at 642.65 billion naira (R29bn) last year, stock exchange data ... Read More

Budget: expert says implementation rate causing mixed feelings among Nigerians

Arowobusoye Samuel- December 23, 2018

Prof. Tamunopriye Agiobenebo, the President, Nigerian Economic Society (NES), says Nigerians have mixed feelings about the budget because of the poor implementation rate. He said ... Read More

Consumer Spending in Africa was $1.4 Trillion by 2015 – VP Prof. Osinbajo

AMT Tanimu- December 11, 2018

Nigeria is a leading investment destination for potential and serious investors, and the business opportunities are abundant and increasing. Consumer spending in Africa was $1.4 ... Read More

Other Side of Zakari, Niger State Commissioner of Finance

AMT Tanimu- December 1, 2018

Once upon a time three blind men were asked to describe an elephant by touching it. The first who touched it claimed the elephant is ... Read More

CBN Fines 4 Banks Over Foreign Exchange illegality

Henry Solomon- August 30, 2018

The Central Bank of Nigeria (CBN) on Wednesday imposed an N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities ... Read More

NIRSAL Says It has Injected Over N77bn into Agribusiness With Positive Impacts

Henry Solomon- August 29, 2018

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) says it has facilitated the flow of N77.7 billion from commercial banks into the Agric-business ... Read More