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Farooq

Posts Tagged "adeosun"

HomePosts Tagged "adeosun"

Kemi Adeosun, minister of finance, says thousands will get letters advising them to pay up the differences in their taxes and take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Adeosun disclosed this during the weekend while speaking at workshop organised by the federal ministry of finance, Federal Inland Revenue Service and Joint […]

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Sunday said that the whistle-blower who informed the Economic and Financial Crimes Commission of the N13bn recovered from an Ikoyi apartment in Lagos would be paid this month. Adeosun said this in a statement issued by her Special Adviser on Media and Communications, Mr. […]

Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors, however, disagree. According to Bloomberg, portfolio inflows have risen in the past three months with crude prices increasing above $60 a barrel and money managers taking heart from a new foreign-exchange trading window, in which the naira has converged with the black-market rate. […]

Kemi Adeosun, minister of finance, says the federal government will spend $3 billion refinancing debts from the administration of former President Goodluck Jonathan. She said this while featuring on an Arise TV programme. The minister also said the $5.5 billion loan which President Muhammadu Buhari is seeking to get the approval of the national assembly for, is […]

Kemi Adeosun, minister of finance, says the federal government has received over 5,000 whistleblowing tips but could only 365, which were considered actionable. Since December 2016, when the policy was instituted in the country, the government says it has made first batch payment of N375.8 million to 20 whistleblowers who provided information that led to […]

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State. Adeosun, according to an online publication, TheCable, said this during a meeting with members of the Progressive Governors’ Forum […]

ABUJA, July 13 (Reuters) – Nigeria will continue to borrow to fund its budget for 2017, the finance ministry said in a statement on Thursday, after the finance minister said on Tuesday Africa’s largest economy “cannot borrow anymore”. Finance Minister Kemi Adeosun’s comments had raised questions about how Nigeria would fund its budget for the […]

(Ministry corrects yield on Eurobond to 7.5 pct, not 5 pct) ABUJA, March 29 (FxMallam) – Nigeria has priced a $500 million, 15-year Eurobond at 7.5 percent, the finance ministry said on Wednesday correcting a previous report of a 5% yield. The Eurobond sale is part of Nigeria’s efforts to plug its record budget deficit.

By Felix Onuah and Chijioke Ohuocha ABUJA/LAGOS, March 29 (Reuters) – Nigeria raised $500 million by issuing a 15-year Eurobond on Wednesday with a yield of 7.5 percent, the finance ministry said, helping it plug a huge budget deficit in Africa’s largest economy. To revive the economy, which slipped into recession last year for the […]

ABUJA, March 26 (Reuters) – Capital released to Nigeria’s ministries and government agencies under the 2016 budget has reached a record 1 trillion naira ($3.3 billion), the finance minister said on Sunday. Development in Africa’s largest economy has been stunted by a lack of much needed investment to improve its ailing road, rail and electricity […]