Home Topics Ministry of Finance

Ministry of Finance

Zainab Ahmed

Minister: States to share N649 billion Paris Club refund

Finance Minister, Mrs. Zainab Ahmed, has revealed that the sum of N649 billion, the final tranche of the Paris Club Refund, is available to be shared by the 36 States of the federation.

NIMASA partners customs, central bank, others on review of vessels import tax

The Nigerian Maritime Administration and Safety Agency, NIMASA, last week, disclosed that it was currently engaging the Central Bank of Nigeria, CBN, the Nigeria Customs Service, NCS, the Federal Ministry of Finance and its supervisory ministry, the Ministry of Transportation, in working out a special tariff template for the importation of vessels and its parts by indigenous shippers.

Group condemns attacks, blackmail on central bank chief Godwin Emefiele

A group, Yoruba Youth Democratic Movement (YYDM), has condemned what it called blackmail by some people who are against the re-appointment of the governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele.

Reps: Over $900 million found in secret non-TSA accounts

The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).

Federal government to launch portal for budget implementation monitoring

Mr Alfred Okoh, Technical Adviser to the Director General, Ministry of Budget and National Planning, says there are plans to launch a budget implementation monitoring portal.

Nigeria loses $29.3 billion yearly to erratic power supply

The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting from load shedding and inadequate facilities.

Governor Okorocha sets up governing councils for new tertiary institutions

Governor Rochas Okorocha of Imo has set up governing councils for the three newly established tertiary institutions in the state.

Panel recommends dismissal of suspended SEC chief Mounir Gwarzo

The panel set up to investigate Mounir Gwarzo, suspended Director General of the Securities and Exchange Commission (SEC), has recommended his dismissal.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 2

President Buhari, UN scribe to raise $50 billion to recharge Lake Chad

President Muhammadu Buhari has welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres, to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad, the presidency said in a statement, Tuesday.
Fintech

Experts harp on enabling environment, policies to drive fintech growth

Financial experts at the ongoing Future Banking Tech West Africa Conference have called for an enabling environment and policies for fintech to thrive.
Zainab Ahmed

Federal government targets improved electricity supply with fresh $200 million support fund

The federal government has said about 500,000 people without electricity in Nigeria would be able to have access to power in no distant time as it plans to spend about $200 million on providing electricity for about 105,000 households.
Bank of Agriculture - BoA

Federal government to divest 60% stake in Bank of Agriculture

In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
President Muhammadu Buhari

President Buhari asks ministers to submit handover notes

An indication that President Muhammadu Buhari may dissolve the Federal Executive Council (FEC) earlier than the May 29 terminal date of his first term in office emerged yesterday when he asked ministers and agency heads to turn in their handover notes by Wednesday.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Inauguration: President Buhari orders agency heads to prepare handover notes

Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman Federal Inland Revenue Service (FIRS), Tunde Fowler, and 11 other heads of agencies under the Ministry of Finance have been ordered to submit their hand over notes on or before April 23.
Nasir El-Rufai

Governor El-Rufai asks political appointees to resign by April 30

Nasir El-Rufai, governor of Kaduna State, has directed all political appointees in the state to submit their letters of resignation by April 30, 2019.

PTAD: Federal government spent N79.2 billion on monthly pension in 2018

The Federal Government in 2018 spent a total of N79.2 billion on the payment of monthly pensions to pensioners.
Mr Afolabi Imoukhuede, the Senior Special Assistant to the President on Job Creation and Youth Empowerment, has said that the 2016 batch ‘A’ Npower volunteers programme has been extended.

Federal government tells N-Power beneficiaries to expect March stipend this week

The Senior Special Assistant to the President on Job Creation and Youth Empowerment, Mr. Afolabi Imoukhuede, has assured beneficiaries of the N-Power scheme that they would get their March stipend this week.
yemi osinbajo

VP Osinbajo: Health insurance central to federal government’s healthcare plans

Vice President Yemi Osinbajo on Monday said the Federal Government has made the National Health Insurance Scheme central to its plans for the healthcare system in the country.

Recent Stories

Twleve corpses burnt in OAU mortuary fire

It was gathered that there was fire outbreak following a power surge around 3.00 an on Tuesday at the Department of Anatomy and Cell Biology at the Obafemi Awolowo University, Ile-Ife, where the corpses were kept.
England, Nigeria and Canada are in a three-way tussle for the services of Fikayo Tomori, with the Chelsea centre-half’s impressive displays putting him on Gareth Southgate’s radar.

Fikayo Tomori: Playing for England not a walk in the park declares

Nigeria born England international Fikayo Tomori has confessed that playing for the Three Lions is no tea party, adding however that he is prepared to work very hard to earn a regular place in the team.
Ekiti State Governor Kayode Fayemi

Ekiti governor seeks restoration of civil service’s lost glory

The Governor of Ekiti State, Kayode Fayemi, has tasked the Heads of Service in the six states of the Southwest to work hard and ensure the restoration of the lost glory of the civil service.

Former Ghanaian president begs Nigeria to open up borders

Mr John Mahama, Former President of Ghana on Tuesday appealed to the Nigeria Government to open up her border so that economic activities can resume in West Africa.
The Eze Igbo of Zamfara, Chief Egbuna Obijiaku, on Saturday commended Gov. Bello Matawalle for tackling the security challenges in the state.

Governor Matawalle: Zamfara recent killings despite peace process unfortunate

Governor Bello Mohammed of Zamfara State has described as sad and unfortunate the recent killings in Karaye village and other villages of Gummi Local Government Area of the state, which was as a result of the fracas between Fulani and a vigilante group despite the peace process initiated by his administration.