The Federal Government said on Monday it would use a fraction of the looted funds recovered so far to finance part of the 2017 budget.... Read More
Finance
Buhari`s aide says 2017 budget will be partly financed by recovered loot
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Mr Okoi Obono-Obla, Senior Special Assistant to President Muhammadu Buhari on Prosecutions, has said that part of the 2017 budget will be financed by recovered... Read More
CBN, Finance Ministry must ensure multinational companies pay tax-expert
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An Economic expert, Prof. Emmanuel Nnadozie said the Central Bank of Nigeria (CBN) and Ministry of Finance must ensure that multinationals companies operating in the... Read More
Failed transaction: Court orders NEXIM to refund $385,000 to marine transport company
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An FCT High Court, Maitama, on Monday ordered the Nigerian Export-Import Bank (NEXIM) to refund $ 385,000 to Emaren Oil and Gas Ltd for failed... Read More
Justice Suleiman Dikko, Chief Judge of Nasarawa State, has appealed to the state government to grant financial autonomy to the judiciary to facilitate smooth dispensation... Read More
Reps summon Finance Minister, AGF over N17bn office equipment procurement
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The House of Representatives Committee on Public Procurement on Thursday, summoned the Minister of Finance, Mrs Kemi Adeosun, over alleged payment of N17 billion for... Read More
Democracy: Financial experts seek tax incentives to boost listing on NSE
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Some financial experts on Monday called on the Federal Government to introduce tax incentives that would aid listing of blue chips on Nigerian Stock Exchange... Read More
The World Bank says it has earmarked 200 million dollars or N7.2 billion for Fadama III Additional Financing of projects in Nigeria. The World Bank... Read More
An official of the World Bank, Mrs Abimbola Ogunseitan, says new public financing laws adopted by the Kaduna State Government has made “one-line” budgeting system... Read More
Financial experts seek 12 per cent MPR to strengthen economic recovery
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Some financial experts on Monday called for a downward review of the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) to 12 per... Read More
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has implored security agencies to check the activities of impostors in the financial sector... Read More
Accelerating number of bankable infrastructure projects in Africa, a priority for AFC, says President
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The President, African Finance Corporation (AFC) Mr Andrew Alli, has pledged the corporation’s willingness to improve the number of bankable and viable infrastructure projects in... Read More
Osinbajo seeks private, public partnership in Africa’s infrastructure financing
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Acting President Yemi Osinbajo on Tuesday solicited private and public sector partnership to boost infrastructure financing in Africa. He stated this at the opening of... Read More
The Ogun House of Assembly has asked the state Commissioner for Finance, Mr Adewale Osinowo, to furnish it with detailed documents on how the Paris... Read More
Why Rice Produced In Nigeria Is Expensive – Agric Minister, Audu Ogbeh
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The Minister of Agriculture, Audu Ogbeh has on Tuesday whole speaking at a Town Hall meeting in Abuja revealed the reason behind the increased price... Read More
Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come... Read More
As the 2016 budget closes, the Federal Ministry of Finance says N1.2 trillion capital releases have been made in line with government’s increased focus on... Read More
The Central Bank of Nigeria (CBN) on Wednesday reiterated the need to secure payment systems in the country stem fraudulent activities in the financial sector.... Read More
The trial of former Governor of Benue, Gabriel Suswam, over alleged financial misappropriation before the Federal High Court, Abuja, was on Tuesday stalled on the... Read More
No fewer than 37 companies have submitted bids to supply firefighting trucks to Nigerian Pipelines and Storage Company (NPSC), a downstream subsidiaries of the Nigerian... Read More
Former Austrian finance minister to face trial for alleged corruption
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Former Austrian Finance Minister Karl-Heinz Grasser will be tried in a graft case related to the sale of government-owned real estate, Vienna’s Higher Regional Court... Read More
The White House on Friday released financial disclosure reports for about 180 of its top staffers, including details on the assets held by President Trump’s... Read More
Association unveils strategy to drive financial inclusion in the country
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The National Cooperative Financing Agency of Nigeria (CFAN) said it would deploy a cooperative inclusive strategy that would enhance financial inclusion in the country. Mr... Read More
The Federal Government has developed an IPSAS Compliant accounting software suite “OneBook”, aimed at enhancing efficiency, accountability, and transparency and improve Public Financial Management across all... Read More
The Minister of Finance, Mrs Kemi Adeosun, on Friday, reaffirmed Federal Government’s commitment to return the economy to the path of sustainable growth. The minister’s... Read More
Zimbabwe expects higher economic growth of 3.7 per cent this year, from an initial projection of 1.7 per cent following a better than expected agriculture... Read More
Guaranty Trust Bank on Wednesday posted a profit before tax of N165. 14 billion for the financial year ended Dec. 31, 2016. The profit represented... Read More
Poor metering, inefficient financial management bane of oil, gas sector – NEITI
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The Nigeria Extractive Industries Transparency Initiatives (NEITI) said on Tuesday that poor metering and inefficient financial system management were the factors militating against oil and... Read More
The Akwa Ibom House Committee on Appropriation and Finance has advised the state government to reduce the cost of governance in the 2017 financial year.... Read More
Autonomous local govts. can’t guarantee financial prudence, says Yobe governor
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The Yobe governor, Alhaji Ibrahim Gaidam, on Monday, said financial prudence cannot be guaranteed under autonomous local government administration. Gaidam made the observation in Damaturu... Read More
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