Salaries of workers across states of the federation may be delayed if the issues that forced a deadlock in the federation accounts and allocation committee meeting with governors remain unresolved, Kemi Adeosun said
A $2.1bn loan has been approved by the World Bank for the execution of seven projects aimed at supporting the federal government’s economic growth plan. The financial institution said the seven projects cover areas like nutrition.
FG has dismissed the global report on the poverty level of Nigeria. The minister of industry, trade and investments, Okechukwu Enelamah, said that the indices used for the report may have been complied during recession.
In a statement on Tuesday, June 26, in Abuja, he said 100 million dollars was allotted to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got 55 million dollars.
The minister of budget and national planning, Udo Udoma, says the federal government will borrow N1.6 trillion to finance part of the N9.12 trillion 2018 budget. The minister made the disclosure on Thursday, June 21, in Abuja.
The Chief Justice of Nigeria (CJN), Walter Onnoghen, says a justice system riddled with delays will be unattractive to investors. Onnoghen said this on Wednesday, May 30, at the national seminar on construction law.
Kemi Adeosun who is the minister of finance has said that the International Monetary Fund (IMF) is not worried about Nigeria’s rising debt profile. The minister said Nigeria was capable of paying of its huge debt.
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As President Buhari's administration clocked 3 years, there have been diverse opinions across the country on the performance of his administration. On the basis of this, NAIJ.com presents the report sheet of this administration.
As the nation celebrates, Nigerians have bared their mind on the good the bad and the ugly. Some are of the opinion that Democracy Day has become a day to cry for help as there is increase killing, insecurity and hardship
Professor Yemi Osinbajo urged state executives to think beyond four or eight year cycles and be committed to laying a foundation that their successors will build on, “and for successors to be ready to build on foundations laid.”
The National Bureau of Statistics on Tuesday, May 15, released the Consumer Price Index, which measures inflation, with the index dropping from 13.34% in March to 12.48% in April, indicating a significant economic improvement.
Kemi Adeosun, Nigeria’s minister of finance has disclosed how the sum of N1.6 billion was recovered from an unidentified account in a single branch of a certain bank, by the implementation of the Treasury Single Account.
The World Bank has stated that Nigeria’s unemployment and underemployment rates increased in 2017, though the country emerged from recession. The disclosure was indicated in the bank’s ‘Nigeria Bi-annual Economic Update’.
A Federal High Court sitting in Katsina on Tuesday, April 24, ordered that the former Katsina state governor, Ibrahim Shema be remanded in EFCC custody until April 27, for alleged money laundering. He however pleaded not guilty.
For the 14th consecutive time, inflation rate inched closer to the single digits target set by both monetary and fiscal authorities for the economy. The Consumer Price Index increased by 13.34% between March 2017 and March 2018.
The managing director and chief executive of Financial Derivatives, Bismarck Rewane, has said that he expects the country's inflation to drop to 13.8 percent in March, down from 14.33 percent that was recorded for February.
Represented by the chief operating officer, finance and account, Abdulrazaq Isiaka, the group managing director said the NNPC's move to purchase the large amount of fuel has helped in reducing the sufferings of Nigerians.
A professor of Economics at the Olabisi Onabanjo University, Ago-Iwoye, Sheriffdeen Tella, on Monday described the nation’s debt stock of N21.73 trillion as worrisome and urged the federal government to stop external borrowings.
Governor Rochas Okorocha has been accused of ‘mindlessly destroying’ the Imo state economy by the Association of Catholic Medical Practitioners of Nigeria, in a statement titled “The 10 Mortal Sins of Governor Rochas Okorocha."
NAIJ.com gathered that under the law, potential borrowers can now register assets other than land and property as collateral to secure a loan from banks.
The Acting President, Professor Yemi Osinbajo, has declared that there would be a positive change in Nigerian economy system between 12 and 18 months.