Business Features

How we ‘re positioning Nigeria for a prosperous future- Adeosun

Ihesiulo Grace 30 October 2017 0

Minister of Finance, Mrs. Kemi Adeosun, in this piece, gives insight into the Federal Government’s strategies to rejig the economy. Excerpts Introduction Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to

Business

Roads: Tax relief scheme to be scrutinized- FG

Ihesiulo Grace 26 October 2017 0

At the close of the Federal Executive Council meeting on Thursday, approved a tax relief scheme to attract private sector involvement in the provision of Federal road infrastructure across the entire country. But FEC says firms to be engaged in the road scheme would go through some level of scrutiny. The approval was the outcome […]

Business Headlines

$5.5bn loan: Legacy debts account for $3bn –Adeosun

Ihesiulo Grace 26 October 2017 0

…Says Nigeria’s debt to GDP ratio is within a reasonable threshold The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts of the immediate past government. The outlay is part of the US$5.5 billion foreign loan being sourced […]

Business Headlines News

Revenue drops by N127bn as FG, states, LGAs share N558bn

Ihesiulo Grace 25 October 2017 0

Mathew Dadiya and Samiat Oduwole, Abuja The total revenue accrued to the Federation Account Allocation Committee (FAAC), has dropped significantly by N127.023 billion, just as the FAAC on Tuesday, distributed N558bn to the three tiers of government for the month of September 2017. Chairman of FAAC and Minister of Finance, Mrs. Kemi Adeosun, while addressing […]

Headlines News

Nigeria won’t be reckless with foreign borrowings, Adeosun insists

Ihesiulo Grace 16 October 2017 0

· IMF, World Bank project positive growth for Sub-Saharan Africa in 2018 Mathew Dadiya, Abuja The Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government will not be reckless with foreign borrowings as it maintains an expansionary fiscal policy. Adeosun also revealed that the International Monetary Fund (IMF) and the World Bank […]

Business Headlines

Revenue increases as FG, States, LGAs share N637.704bn for August

Ihesiulo Grace 29 September 2017 0

There was a significant increase in revenue generation for the month of August 2017, as the Federation Account Allocation Committee (FAAC) distributed whopping sum of N637.704 billion to the three tiers of government. Chairman of FAAC and Minister of Finance, Mrs Kemi Adeosun, represented by the Accountant General of the Federation Mr. Ahmed Idris who […]

Business News

FG released over N1trn for capital projects – Adeosun

Ihesiulo Grace 11 March 2017 0

The Minister of Finance, Mrs. Kemi Adeosun, on Friday said that over N1trn had been released by the government for the implementation of various capital projects across the country. She said this during a courtesy visit to her office by the United States Ambassador to Nigeria, Mr. Stuart Symington. She emphasised the importance of investment […]