Home Topics Ministry of Finance

Ministry of Finance

The President of the Senate, Dr Bukola Saraki has cautioned politicians against overheating the polity ahead the general elections.

Senate adjourns till April 9, to pass 2019 budget April 16

The Senate on Tuesday said it would pass the 2019 budget on April 16, and adjourned sitting for one week to give room for its committee to present reports on the budget.
President Buhari receives in Congratulatory Visit Members of the Traditional Rulers Council in State House on 5th Mar 2019-2

President Buhari rejects Ajaokuta Completion Bill, National Housing Fund, others

President Muhammadu Buhari on Tuesday declined assent to a bill seeking to fund the completion of Ajaokuta Steel Company which was forwarded to him by the National Assembly in February 2019.

New minimum wage: Kaduna civil servants fear inflation

Some civil servants in Kaduna State have hailed the approval of N30,000 minimum wage for workers in the country, but cautioned against raising the costs of goods and services due to the salary increase.
Governor David Nweze Umahi

Governor Umahi opposes federal government’s plan to increase VAT

Ebonyi State Governor, David Umahi, has opposed the proposed plan by federal government to lift Value Added Tax (VAT) from five percent to 35 percent, stressing that it would put the country in difficult situations.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Senator Udoma: Federal government fiscal strategy targets growth-enhancing sectors

Budget and National Planning Minister, Senator Udoma Udo Udoma, on Thursday told the Senate Committee on Finance that some slight adjustments had been effected on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP) between when it was approved by the Federal Executive Council and the finalization of the 2019 Budget Proposals.

NDIC: Federal government committed to a stable financial system

The Federal Government is committed to ensuring a stable financial system in the country, Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, (NDIC), Umaru Ibrahim, has said.
Gboyega Oyetola

Governor Oyetola reiterates support for small business owners

Osun State Governor, Mr Gboyega Oyetola, has expressed the readiness of his administration to continue to support the growth of medium and small scale businesses to boost the economy of the state.
Acting Finance Minister of Finance Zainab Ahmed

ICAN seeks collaboration with finance ministry on training

The Institute of Chartered Accountants of Nigeria (ICAN) on Tuesday commended the laudable achievements of the Federal Government under the Federal Ministry of Finance in the last three and half years, saying it has blocked leakages and set the tone for improved revenue generation to finance government’s economic development agenda.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states and local governments share N610.368 billion for January

The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government.

Adamawa PDP chieftain kidnapped by unknown gunmen

An Adamawa Peoples Democratic Party’s chieftain, Chief Emmanuel Pentecost Agiso, has been kidnapped by unknown gunmen.
Academic Staff Union of Polytechnics (ASUP)

ASUP suspends two-month strike

The Academic Staff Union of Polytechnics has suspended its two-month strike.
The Minister of Information and Culture, Alhaji Lai Mohammed, addressing the ex-workers of the defunct Nigeria Airways, who staged a rally in support of President Muhammadu Buhari in Lagos on Friday.

Ex-Nigeria Airways workers recount 14-year ordeal of non-payment of benefits

Some pensioners and ex-workers of the defunct Nigeria Airways have given accounts of the trauma, untold hardship they went through for more than 14 years they were retrenched without payment of their pensions and benefits.

Federal government deploys price checker on procurement process

Nigeria has deployed a new portal called the price checker to harmonise prices and ensure transparency in the procurement process.

Federal government is not panicking over oil falling prices

The Minister of Information, Lai Muhammed, yesterday disclosed that the federal government was not panicking despite the drastic fall in oil prices since the second half of 2014.
Sen. Stella Oduah says the Bill for the establishment of the South East Development Commission (SEDC) when assented to, will address the infrastructural challenges in the South East.

Senator Oduah: SEDC Act will fix South East infrastructure, Nigeria’s economy

Sen. Stella Oduah says the Bill for the establishment of the South East Development Commission (SEDC) when assented to, will address the infrastructural challenges in the South East.
Zainab Ahmed

Federal government introduces new revenue initiative

The Federal Government on Wednesday introduced the Strategic Revenue Growth Initiative to generate more revenues to finance national development.
Yoweri Museveni

Uganda’s Yoweri Museveni ‘bans’ sports betting

Uganda's President Yoweri Museveni has ordered his government not to issue or renew licences for sports betting firms, the country's Finance minister David Bahati has revealed.

Nigeria to access $100 million Indian loan for rural broadband connectivity

The Federal Government says it is working with the Indian Government to access 100 million dollars concessional loan to develop the country’s rural broadband connectivity.

Recent Stories

Federal government charges new SEC board to sanitize capital market

The Federal Government on Monday inaugurated the reconstituted Board of the Securities and Exchange Commission (SEC), changing the new members to provide effective leadership in the capital market.
All Progressives Congress (APC) Nigeria

Oyo APC dares PDP to name those who went away with government vehicles

The All Progressives Congress (APC) in Oyo State has challenged the People’s Democratic Party (PDP) to either make public the identity of anyone in illegal possession of government property among the officials who served during the immediate past administration of Governor Abiola Ajimobi or stop spending available resources on cheap blackmail and shameful propaganda.
Torino exercised their option to buy Ola Aina from Chelsea for £8.7 million ($11m) after a successful campaign on loan, but this season has done more than secure a long-term club - it also sees the 22-year-old make the African Cup of Nations after disappointingly missing out on the World Cup.

Ola Aina: Great to provide assist for Odion Ighalo’s goal against Burundi

Super Eagles defender Ola Aina is delighted to provide the assist which led to the team’s 1-0 win in Saturday’s AFCON 2019 Group B match against the Swallows of Burundi.
The Nigerian Army on Monday dismissed as ‘untrue’ social media reports indicating the closure of the Maiduguri-Monguno Road.

Troops neutralise several bandits in Sokoto, lose a soldier

Troops have neutralized scores of bandits/kidnappers in Sokoto and arrested ransom collectors and informants working for them, the Nigerian Army said on Monday.

Akwa Ibom PDP senator charged with corruption

The Economic and Financial Crimes Commission (EFCC) has charged Albert Bassey, a senator representing Akwa Ibom North-east, with corruption.