Business

FG committed to establishment of ECOWAS Central Bank–Finance minister

Ihesiulo Grace 6 December 2019 0

 Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the Federal Government is committed to the establishment of Economic Community of West African States’ (ECOWAS) Central Bank. Ahmed said this at a meeting of Ministerial Committee of Ministers of Finances and

Africa Banking Business World

FG to get $2.5bn loan from World Bank

Ihesiulo Grace 20 September 2019 0

The Federal Government has approached the World Bank for a loan of $2.5billion, World Bank’s Vice President for Africa, Hafez Ghanem revealed. Ghanem explained that the World Bank was in talks with the Nigerian government for the concessionary loan. He, however, noted that Nigeria had received $2.4billion from the global financial institution in 2018. According […]

Banking Business

Debt service obligations gulp N1.11trn in six months – FG

Ihesiulo Grace 18 September 2019 0

Motolani Oseni Not less than a whooping N1.11 trillion has been spent to cover debt service obligations in the first six months of 2019, the latest data from the Federal Ministry of Finance, Budget and National Planning revealed. This was contained in the ministry’s 2020 budget circular released yesterday, stating that the Federal Government aggregate […]

Business Economy Oil & Gas

Despite crude oil surge, Nigeria won’t adjust projections for 2020 budget – Minister

Ihesiulo Grace 17 September 2019 0

Philip Clement – Abuja The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, has dismissed any insinuation that Nigeria will adjust her crude oil price projections in the 2020 budget. Following the bombings on oil installations in Saudi Arabia, crude oil prices had surged to its highest of about $70 bar barrel. However, […]

Business Economy Industry Telecoms

Agriculture, Manufacturing, others to take centre stage at Nigeria economic summit

Ihesiulo Grace 17 September 2019 0

Philip Clement – Abuja The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed on Monday said the agricultural, manufacturing, Informational and Communication Technology (ICT) sectors will be the key focus of the forthcoming Nigeria Economic Summit (NES). Ahmed made the disclosure at a press briefing ahead of the 25th Nigeria Economic Summit

News

$9bn judgment debt: FG reacts to Daily Times story as Buhari directs EFCC, NIA, IG to probe contract

Ihesiulo Grace 27 August 2019 0

Our correspondent Following Daily Times investigative report on Monday, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission (EFCC), the National Intelligence Agency (NIA) and the Inspector General of Police to conduct a thorough investigation into how Process and Industrial Developments Limited (P&ID) arrived at a whopping $9.6 billion