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Minister of Finance

Legacy debts account for $3bn of $5.5bn foreign borrowing – Kemi Adeosun

The 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.

Ngozi Okonjo-Iweala’s memo caused N1.7tn revenue loss – Senate

The Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities has said revenue agencies short-changed the Federal Government to the tune of N1.7tn as unremitted revenue generated between 2012 and 2016.

President Buhari attends meeting on common currency for West Africa in Niamey

President Muhammadu Buhari will on Tuesday depart Abuja for Niamey, Republic of Niger, to participate in a meeting on common currency for the West African sub-region.

NAC kicks against fed govt’s proposed $5.5 billion loan

The National Action Council, NAC, has called on the Federal Government to shelve its proposed plan for another $5.5 billion loan, describing the proposal as disgraceful.

Groups threaten mass protest over proposed $5.5bn loan

Some youth groups across the country have vowed to protest against the Federal Government’s plan to get fresh $5.5bn loan, thus adding to Nigeria’s N19.2tn debt profile.

It may take 30 years to repay proposed $5.5bn loan – Kemi Adeosun

Kemi Adeosun, minister of finance, says it might take five to 30 years to repay the $5.5billion loan that President Muhammadu Buhari is seeking.

Nigeria must borrow responsibly – Shehu Sani

The Chairman, Senate Committee on Local and Foreign Debts, Sen. Shehu Sani, says if Nigeria must borrow, it must borrow responsibly.

President Buhari orders all state capitals to be connected with rail – Chibuike Amaechi

President Muhammadu Buhari has given the directive that all the 36 state capitals should be connected with rail in the ongoing railway projects.

Senate demands explanation on recovered loots

The Senate Committee on Foreign and local debts has demanded Federal government’s explanation on recovered loots.

We’re on the same page with fed govt on borrowing – World Bank

The World Bank says it is not in disagreement with the Federal Government on the need to borrow to finance infrastructure.

How President Buhari can effectively fight corruption – Ngozi Okonjo-Iweala

Former Minister of Finance, Ngozi Okonjo-Iweala, says Nigeria and other countries can fight corruption through strengthening institutions and incentives which could help shape the behaviour of people.

How Nigeria, others can tackle corruption – IMF

The Managing Director of the International Monetary Fund, Christine Lagarde; a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, and key global experts have advised Nigeria, Argentina and other top countries battling corruption to use tools that can help reduce procurement costs by about 60 per cent.

50 patients abandoned in Aro psychiatric hospital – provost

The Provost/Medical Director, Neuropsychiatric Hospital, Aro, Abeokuta, Ogun State, Dr. Timothy Adebowale, says 50 indigent patients have been abandoned by their families.

Nigeria must borrow more to deliver infrastructure – Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power.

Nigerians need to tolerate more debts – Kemi Adeosun

Kemi Adeosun, minister of finance, says Nigerians need to tolerate more debts to allow the Muhammadu Buhari-led administration deliver on its plans for the country.

Beware of Nigeria’s fraudulent anti-corruption CSOs – Ngozi Okonjo-Iweala tells IMF

Nigeria’s former Minister of Finance and chair of Gavi, the Vaccine Alliance, Dr Ngozi Okonjo-Iweala, on Sunday, charged the International Monetary Fund (IMF) and other world bodies to be wary of dealing with civil society organisations (CSOs) claiming to be fighting corruption and promoting transparency in the country.

Nigeria won’t be reckless with foreign borrowings – Kemi Adeosun

Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would not be reckless with foreign borrowings as it maintains an expansionary fiscal policy.

Nigeria, JICA hold bilateral talks on power, infrastructure projects

Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) power and infrastructure projects as well as some pipeline projects.

Recent Stories

The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian soldier kills four colleagues, self in Borno

A corporal of the Nigerian Army attached to Operation Lafiya Dole has opened fire on his colleagues, killing four personnel and injuring two others.
Mauricio Pochettino has calmed fears that Tottenham ace Dele Alli will not be fit enough for the Champions League final, after the midfielder was subbed at half-time during Sunday’s 2-2 draw against Everton.

Dele Alli charged by FA over coronavirus Snapchat video

Tottenham midfielder Dele Alli has been charged by the Football Association after posting a video on social media mocking the coronavirus outbreak.
Newly appointed Assistant coach and former Captain of the Super Eagles, Joseph Yobo, says he cannot wait to start in his new position.

Celestine Babayaro faults Joseph Yobo’s Super Eagles appointment

Celestine Babayaro has shared his thoughts on the appointment of Joseph Yobo as Nigeria’s senior national team assistant coach.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Senate president to lead delegation to burial of deceased Plateau lawmaker

President of the Senate, Ahmad Lawan, will lead a delegation of Senators to the funeral service of Late Senator Longjan Ignatius Dantong slated for March 2, 2020, in Plateau State.
Kabiru Baleria

Enyimba pay tribute to late Kano Pillars coach

Baleria passed on Tuesday and has since been buried in Kano. The club chairman, Surajo Shuaibu, declared a three-day mourning after a contingent from the club paid a condolence visit to the grieving family.