President Bola Ahmed Tinubu has stated that the Nigerian government will maintain its current trajectory of economic reforms, emphasizing that there will be no reversal of the policies initiated since mid-2023. The President made these remarks on February 3, 2026, during a high-level meeting at the State House in Abuja with a delegation from the […]
The Sokoto State Government has formally received a report from the Judicial Commission of Inquiry alleging that N117 billion in public funds was misappropriated during the eight-year administration of former Governor Aminu Waziri Tambuwal. Justice Mu’azu Abdulkadir Pindiga (rtd), the commission’s chairman, presented the findings to Governor Ahmed Aliyu on February 3, 2026, at the […]
The federal government says it has disbursed N152 billion to contractors for what it described as “verified contracts”. In a statement issued on Thursday, Doris Uzoka-Anite, minister of state for finance, said the payments were subjected to rigorous verification processes in line with existing laws and regulations. Uzoka-Anite acknowledged the financial strain contractors have […]
The House of Representatives Committee on Appropriations, Wednesday met with the Minister of Finance, Wale Edun, and the Minister of Budget and National Planning, Senator Atiku Bagudu to review the implementation of the 2024–2025 Appropriations Act. Chairman of the Committee, Rep. Abubakar Bichi (APC–Kano), who briefed journalists after the closed-door session in Abuja said Nigerians […]
BY MOTOLANI OSENI The Federal Ministry of Finance has categorically rejected media reports suggesting that Nigeria’s proposed $5 billion oil-backed loan deal with Saudi oil giant Aramco has collapsed. In a statement on Wednesday, Mr Mohammed Manga, Director of Information and Public Relations at the ministry, described the reports as unfounded and misleading. He stressed […]
In a recent meeting with His Excellency Mr. President, Wale Edun, the Minister of Finance, provided an update on the implementation of the government’s initiative to sell crude oil to local refiners, who will then sell petroleum products in Naira to the Nigerian public. This initiative, fully endorsed by the Federal Executive Council, aims to […]
· We’re much better than we were on May 29, 2023 – Wale Edun By Mathew Brangyet The Minister of Finance and Coordinating Minister of the economy, Wale Edun and the Minister of Budget and National Planning, Atiku Bagudu, on Tuesday, led the Federal Government’s team to the National Assembly to defend the current high […]
By Godwin Anyebe Stakeholders in the financial technology industry would be dissecting issues around digital finance in emerging economies at the forthcoming Africa Financial Technology Congress (AFTC) in Lagos. The event which is powered by Africa Brands, Playstation and Paycity is themed: ‘Unlocking the Potential of Digital Finance in Emerging Economies’ and scheduled for August […]
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says Nigeria is in good economic standing, and is not broke. Ahmed spoke at the 6th edition of President Muhammadu Buhari’s scorecard, tagged “PMB Scorecard 2015-2023”, organised by the Ministry of Information on Thursday in Abuja. She said that the country had continued to […]
The G7 Development Finance Institutions (DFIs) have announced a commitment to invest $80 billion dollars in Africa’s private sector, over the next five years, to support sustainable economic recovery and growth in the continent. A statement on Monday, from the African Development Bank (AfDB), said the G7 DFIs made the announcement along with the International […]
PHILIP CLEMENT, ABUJA The minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, says the federal government is looking beyond budgetary allocations to finance critical infrastructure development in the country. Mrs Ahmed who also doubles as Vice-Chair of the National Council on Privatisation (NCP) said this at the recently held webinar on financing public-private […]
By Tom Okpe, Abuja The House of Representatives at its plenary on Thursday, summoned the Minister of Finance, Chief Executives of the Federal Inland Revenue Service (FIRS), Central Bank of Nigeria, (CBN), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), Nigerian Export-Import Bank (NEXIM), Nigerian Financial Intelligence Unit […]
Tunde Opalana, Abuja Upon resumption of the probe of an alleged secret withdraw of a sum of N7.5 billion from the account of the National Automotive Council Design and Development Council (NADDC) Levy Account domiciled with Central Bank of Nigeria (CBN), a senior official of the Federal Ministry of Finance said it was not in […]
FELIX OBOAGWINA Almost two weeks after President Muhammadu Buhari signed the 2021 budget into law, the Honourable Minister of Finance, Budget and Planning, Mrs (Dr) Zainab Shamsuna Ahmed will unveil the comprehensive picture of the government’s revenue projections for this year to the public on Tuesday. The Nigerian Parliament had on December 21 approved the […]
By Philip Clement, Abuja The Minister of Finance, Budget and National Planning, Zainab Ahmed has sworn-in the newly appointed chairman of the Investments and Securities Tribunal, Amos Azi. READ ALSO: Food Prices are rising – Finance Minister replies Presidency Ahmed also swore in Smart Osemwemge as a member of the Tribunal in Abuja. Mrs. Ahmed […]
European Union (EU) finance ministers will make another attempt on Thursday at approving a set of fiscal measures to combat the economic fallout of the coronavirus pandemic, after failing to overcome their differences in protracted talks earlier this week. At stake is a trio of proposed measures with a joint firepower of around half a […]
European union (EU) Finance ministers are under pressure to deliver proposals for further fiscal measures to counter the economic crisis triggered by the Covid-19 pandemic, as they head into talks on Tuesday. On the table is a “safety net” worth half a trillion euros (around 540 billion dollars), according to eurogroup president Mario Centeno. The […]
The Minister of Finance, Budget and National Planning, Zainab has charged members of the Geo-Referenced Infrastructure and Demographic Data for Development (GRID3) on the relevance of data in conducted their functions. The Minister gave the charge when she convened National Steering and Technical Committees Maiden Joint Meeting of GRID3 Nigeria. Ahmed convened the National Steering […]
Finance experts have projected that 2020 will likely be a turning point for sustainable finance in Africa’s mining sector. Nigel Beck, Head, Sustainable Finance and Mark Buncombe, Head, Mining and Metals for Standard Bank Group in a report made available to the newsmen, explained that as corporate proactively implement measures to operate more responsibly and […]
Abuja – The Finance Bill, 2019 is aimed at promoting fiscal equity, international tax reforms, raising tax revenues and ease of doing business reforms. Finance Bill was submitted by President Muhammadu Buhari to the joint session of the National Assembly on Oct. 14. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this known at […]