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Ministry of Finance

PTAD sets date to begin verification of NITEL, MTEL

The Pension Transitional Arrangement Directorate has announced dates for the verification of pensioners of Nigerian Telecommunications Limited and its mobile subsidiary, MTEL under the Defined Benefit Scheme.

Women need greater role in industries to cut poverty – UN

United Nations says Women need to be given a greater role in industries in poorer nations to meet the global goal of cutting poverty by 2030.

Corps members protest non-payment of allowances

About 3,000 members of the 2016/2017 Batch ‘B’ Stream 1 youth corps members and their counterparts in stream II, all of whom are serving in Nasarawa State on Monday staged a protest over the non-payment of their 11-month state allowances promised by the state government.

Governors meets President Buhari in Aso Villa

Governors of Nigeria’s 36 states are currently meeting with President Muhammadu Buhari inside the council chamber of the presidential villa.

Finance ministry insists procedures followed in granting import duty waivers

The Federal Ministry of Finance has strongly denied that the Minister, Mrs Kemi Adeosun, refused to grant import duty waivers to some importers and NGOs for drugs and health commodities imported into the country.

Ikoyi whistle-blower rejects federal govt’s N325 million

Yakubu Galadima, the lawyer for the whistle-blower, who informed the Economic and Financial Crimes Commission of the $43m, N23.2m and £27,800 (N13bn) recovered from an Ikoyi apartment, says his client will not accept anything below five per cent commission.

Court orders federal govt to reinstate ex-NEMA spokesperson Yushau Shuaib four years after compulsory...

Justice David Isele of the National Industrial Court, NIC, has ordered the immediate reinstatement of a former spokesperson of the National Emergency Management Agency, NEMA, Yushau Shuaib, back into the public service after being forcefully retired in 2013 over an opinion article he wrote on former finance minister, Ngozi Okonjo-Iweala.

President Buhari inaugurates committee to audit recovered loot

President Muhammadu Buhari on Wednesday inaugurated a three-member committee to audit all assets recovered by relevant government agencies.

Federal govt develops plan to reduce threat of Boko Haram in northeast

The Federal Government of Nigeria has developed an action plan for Demobilization, Disassociation, Reintegration and Reconciliation (DDRR) aimed at reducing the threat of Boko Haram, achieving peace, and facilitating the provision of international support and assistance in the North East.

Why President Buhari’s govt is taking $500 million World Bank loan – finance ministry

The Ministry of Finance has said that the $500 million loan it seeks the Senate’s approval to access will be used in empowering the poor in the country.

Nigerian Air Force denies being starved of funds

The Nigerian Air Force said on Sunday that it is not denied of funds by the federal government, contrary to a report.

Ikoyi whistle-blower threatens to sue federal govt over unpaid commission

Yakubu Galadima, the lawyer of the whistleblower, who informed the Economic and Financial Crimes Commission of the $43m, N23.2m and £27,800 (N13bn) recovered from an Ikoyi apartment, says his client is prepared to sue the Federal Government for fraud if he is not paid his money soon.

Mambilla hydro project will be game changer – Babatunde Fashola

Mr Babatunde Fashola, the Minster of Power, Works and Housing, said the Mambilla hydro-electric power project will be a game changer in the industry.

Mambilla power project to be completed in 6 years – Babatunde Fashola

The Federal Government on Friday said the construction of 3,050 MegaWatts (MW) Mambilla hydro electric power plant in Taraba State is expected to be completed within six years.

Federal govt faults Moody’s sovereign rating of Nigeria

The Federal Government on Wednesday faulted the downgrading of Nigeria from B1 stable to B2 stable by Moody’s Sovereign Rating.

Zamfara workers suspend two months strike

The Zamfara chapter of the Nigeria Labour Congress, NLC, on Monday announced the suspension of its two months strike over non-payment of workers’ promotion arrears, pension and other entitlements.

Federal govt uncovers 800,000 companies that never paid taxes

The Federal Government said it had identified over 800,000 companies, including some of its contractors, which had never paid any form of taxes.

Zamfara announces new measures on salary payment

Zamfara state government has said that it will henceforth only recognize and collect staff payment vouchers prepared by directors from the state’s Ministries, Departments and Agencies (MDA) for payment of monthly salaries.

Recent Stories

Businessman sent to prison over alleged N42 million fraud

A 42-year old businessman, Joshua Alele Momodu has been ordered remanded at the Ikoyi Correctional Facility, Ikoyi, Lagos pending when he will be able to perfect the bail conditions granted him by an Igbosere Chief Magistrates’ Court for allegedly obtaining the sum of N42 million from the management of Adeeman Nigeria Limited under false preference.

Man bags six months imprisonment for stealing yams

A Dutse Grade 1 Area Court, Abuja on Friday sentenced a 20-year-old man, Aliyu Musa, to six months imprisonment for stealing yams valued at N100,000.
In 2016 while inspecting ongoing projects in the state, Rivers State Governor, Nyesome Wike said his administration had built over 200 roads and bridges in the state.

Governor Wike lobbying to join APC – party leaders

The major stakeholders of the All Progressives Congress (APC) in the 20 wards of Port Harcourt City council area (PHALGA) of Rivers State have accused Governor Nyesom Wike of desperately lobbying to join the APC, since the former Vice-President, Alhaji Atiku Abubakar is not allowing him (Wike) to take over the People’s Democratic Party (PDP).
Enyimba International Football Club of Aba on Sunday booked a spot in the group stage of the CAF Confederation Cup following a 2-1 away win against South African side TS Galaxy.

Enyimba chase consolidation points against Agadir

Confederation Cup campaigners Enyimba have a good chance of pushing closer to the next round as the host Hassania Agadir of Morocco on Sunday.
The Vice President, Prof. Yemi Osinbajo, on Saturday reiterated the commitment of the Federal Government towards free and compulsory education of the first nine years of a child school life across the country.

VP Osinbajo: Finance act will stimulate Nigerian economy

Vice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the country on the path of geometric economic growth.