Browsing Tag

Ministry of Finance

FAAC: FG, States, LGs Share N606.196bn for April

Mustapha Sumaila May 15, 2020 0

The Federation Accounts Allocation Committee (FAAC) has shared N606.196 billion to the three tiers of government for the month of April.Mr Hassan Dodo, Director of Information in the Ministry of Finance, Budget and…

News

Buhari Approves Payment of Salaries for Non IPPIS Lecturers

Tony Abu Momoh Apr 22, 2020 0

President Muhammadu Buhari has approved the salary payment for lecturers who have not yet enrolled under the Integrated Payroll and Personnel Information System (IPPIS).This was announced by the Minister of Labour and Employment, Chris…

Features

DISCLAIMER: No Promise Of Free Internet, COVID-19 Donations Was Made-FG

Oritsetsemaye Akapa Esq Apr 3, 2020 0

The Nigerian Communications Commission, NCC, has issued a disclaimer regarding an alleged promise being spread on the internet by fraudsters.The NCC warned Nigerians, especially telecoms consumers, to steer clear of…

Government

Coronavirus: Federal Government Cuts Funding to Ministries and Agencies

Tony Abu Momoh Mar 22, 2020 0

As the effects of the Coronavirus pandemic continue to have a negative effect on global oil prices, the Nigerian Federal Government has announced massive funding cuts for its Ministries, Departments and Agencies.The funding cut was…

Economy

FAAC Meeting ends Inconclusively

Mustapha Sumaila Mar 18, 2020 0

The monthly Federation Account Allocation Committee (FAAC) meeting on Wednesday ended inconclusively.SEE ALSO: “I do not love my husband of 13 years anymore, I want a divorce” – Woman tells CourtThe Director of Information,…

Ticker

FG, States and LGs share N635.8bn in November-FAAC

Mustapha Sumaila Dec 19, 2019 0

Alhaji Isa Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, said on Wednesday in Abuja that the Federal, States and Local Governments had shared the sum of N635.8 billion for the month of November.SEE ALSO:…

Finance

BREAKING: CBN to Suspend Cashless Policy – House of Rep

Oritsetsemaye Akapa Esq Sep 19, 2019 0

The House of Representatives on Thursday has ordered that the Central Bank of Nigeria, CBN, should suspend the planned Cashless policy.The House of Representative in their sitting have resolved to mandate the committee on banking to…

Finance

Four Banks make N23.4 Billion off Customers’ Accounts in Six months

Oritsetsemaye Akapa Esq Sep 18, 2019 0

Zenith Bank, GTB, Access and UBA, the four leading banks in Nigeria generated N24.3bn from account maintenance charges on customer’s accounts, within January 2019 and June 2019, Punch reports.“This is an increase of about 19.18 per cent…

News

“My resignation has nothing do with online rage”- Seun Onigbinde

Adefemola Akintade Sep 17, 2019 0

Co-founder and CEO of BudgIT, Seun Onigbinde, a popular critic of the Buhari led administration who accepted an appointment on Friday, Sep 13, 2019, as the Technical Adviser to the Minister of Finance, has received heavy backlash for…

Government

I have handed over Nigeria’s Treasury to Women, says Buhari

Oritsetsemaye Akapa Esq Sep 13, 2019 0

In a meeting with the delegates of the APC women leaders, led by the National Women Leader, Hajia Salamatu Umar-Eluma, Buhari stated that he has strategically handed over the treasury of the country to women as he strongly believes that…

News

NYSC: Kemi Adeosun Has NOT Resigned – Aide

Tony Abu Momoh Sep 14, 2018 0

Contrary to news circulating news about the resignation of the Nigerian Minister of finance, Mrs. Kemi Adeosun, reports have emerged that the Minister was still at her desk, working normally and has not resigned.This was according to…

News

Buhari Orders Review of Revenue Template as FAAC Shares N821.9bn in June

News Agency of Nigeria Jul 28, 2018 0

President Muhammadu Buhari has ordered for the review of the revenue reporting template between the NNPC and the Federation Account Allocation Committee (FAAC).The Minister of Finance, Mrs Kemi Adeosun conveyed the President’s directive…

News

Fight Against Corruption: 400 Public Servants under Investigation – Presidency

Tony Abu Momoh Jul 21, 2018 0

Bolstered by his recent appearance at the International Criminal Court (ICC) - The Hague where he gave a speech regarding his fight against corruption, President Buhari has brought the fight home to the Public Service.A statement from…

News

FAAC: FG Disburses N668.898b for May In Spite of Deadlock

Tony Abu Momoh Jul 21, 2018 0

The Federal Accounts Allocation Committee (FAAC), seems to have reached a temporary compromise in its impasse that has lasted for several weeks with the distribution of N668.898 billion to the three tiers of government for the month of…

Business

‘Nigeria Is Coming Out Of Recession’ – Kemi Adeosun

Tosin May 16, 2017

The Nigerian economy is gradually coming out of its worst recession in years, the Nigeria's Minister of finance, Kemi Adeosun, has said. “Nigeria is coming out of recession; we are beginning to see the signs and we will come out to become…

Government

Probe Reveals Massive Fraud In YouWin Programme

Tosin Mar 28, 2017

An ongoing probe, ordered by the Minister of Finance, Mrs. Kemi Adeosun, has uncovered a massive fraud in the Federal Government Youth Enterprise With Innovation In Nigeria programme.The PUNCH reports that investigators had already…

Government

Fayose Storms Finance Ministry, Demands Payment of N1.1bn Allocation

Tosin Feb 16, 2017

The Governor of Ekiti State, Ayodele Fayose, on Wednesday stormed the headquarters of the ministry of finance to demand the release of the state’s N1.1bn budget support facility for the month of January.On arrival, he requested to see…

Government

FG To Go After Corrupt Revenue Generating Agencies

Ayo Nov 18, 2016

Recent reports have indicated that the Federal Government is beaming its searchlights on revenue generating agencies so as to curb corruption.Federal Government might soon go after heads of revenue generating agencies that had been…

Business

FG Goes After MDA’s Over Unremitted N450bn Operating Surplus

Ayo Nov 16, 2016

The Federal Ministry of Finance has constituted a committee to recover unremitted operating surpluses of 31 agencies of government, running into N450 billion.This is according to a statement made available to newsmen on Tuesday in Abuja…

Government

Finance Ministry Protesters May Be Transferred

Owolabi Oluwasegun Jun 24, 2016 0

Indications have emerged that the protesting workers of the Ministry of Finance who have embarked upon a protest to air their grievances over the non payment of the Special Overtime (SOT) allowance estimated to be about N1.2 billion will be…

Government

Finance Minister, Kemi Adeosun Shocks Protesting Ministry Workers

Owolabi Oluwasegun Jun 23, 2016 0

The Finance Minister, Kemi Adeosun has addressed the ongoing protest by workers of the Ministry of Finance over non payment of allowance estimated to be about N1.2 billion.Responding to the protest, the Finance Minister noted that the…