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Finance

Reps meet finance, budget ministers over 2024–2025 budget implementation

Finance, Budget

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 […]

Finance Ministry dismisses reports of $5bn oil-backed loan collapse

Mr. Wale Edun Finance minister

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 […]

Minister of Finance discusses progress on local crude sales initiative

Mr. Wale Edun Finance minister

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 […]

Tinubu’s Finance team in NASS, defends high cost of living, resolves to address inflation

Tinubu

· 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 […]

Experts discuss potential of digital finance in emerging markets

finance

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 […]

Nigeria is not broke, says Finance minister

Minister for Finance, criteria

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 […]

G7, others to invest $80bn in African businesses

AfDB

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 […]

FG looking beyond budgetary allocations to finance infrastructure-Finance Minister

Minister for Finance, criteria

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 […]

Loss of $384bn to illicite financial flow, Reps summons, Finance Minister, FIRS, others

NASC

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 […]

N7.5 billion ‘secret withdrawal’: We don’t have any document, Ministry of Finance tells Senate

Senate

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 […]

Minister to present Fed Govt revenue projections in budget

Zainab Ahmed, July

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 […]

Finance minister swears in securities tribunal chairman

Zainab Ahmed, July

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 […]

EU ministers make attempt at fiscal package

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 […]

EU finance ministers face pressure

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 […]

Finance minister charges GRID 3 committee on data relevance

Nigeria's stock market low

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 […]

Experts’ project sustainable finance for Africa’s mining sector in 2020

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 […]

Finance bill will promote fiscal equity, ease of doing business – Zainab Ahmed

Zainab Ahmed

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 […]

CIBN to train bankers on sustainable finance — President

Forex CIBN

Lagos – The Chartered Institute of Bankers of Nigeria (CIBN) says it will soon organize capacity building for bankers in the country on the need for sustainable banking principles. CIBN President, Dr Uche Olowu, said this at a conference organised by LAPO Microfinance Bank Limited in Lagos on Thursday with theme: “Enhancing Sustainable Finance in […]

FG To Limit Number Of Children Per Mother

The Federal Government on Tuesday declared that it was working hard to come out with a policy that would limit the number of children that a mother could have in Nigeria. It stated that traditional rulers and other leaders across the country were being engaged as regards this, adding that the move was aimed at […]

Registration Opens for 2019 Certificate of Finance in International Trade Programme

The African Export-Import Bank (Afreximbank), the FCI+IFG Union and the University of Malta today in Cairo announced the opening of registrations for the 2019 cohort of the Certificate of Finance in International Trade (COFIT). Stephen Kauma, Afreximbank’s Director & Global Head of the Human Resources Department, said that COFIT 2019, which is open to banking […]