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Farooq

Posts Tagged "adeosun"

HomePosts Tagged "adeosun"

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 […]

It is quite embarrassing that the finance ministry and the Central Bank of Nigeria (CBN) are at loggerheads over the management of the foreign exchange market. It started when finance minister, Kemi Adeosun, in Nigeria’s fiscal roadmap for 2017, disclosed plans to ditch a 16-month old policy which prohibits importers of a list of 41 […]

The Minister of Finance, Mrs Kemi Adeosun, on Friday said that 30 per cent of the country’s demand for foreign exchange was for fuel importation. Adeosun stated this in Lagos at the launch of “FirstGem” , a product of First Bank of Nigeria Ltd., aimed at empowering women through wealth creation. She said that government […]

ABUJA, June 15 (Reuters) – Nigeria’s government will loan its states a total of 90 billion naira ($453 million), in its latest effort to augment their monthly income and ease strain caused by plunging oil revenues, the country’s finance minister said. The funds will help tide the 36 states over for a year as they get […]

Ndubuisi Francis and Damilola Oyedele in Abuja The full implementation of the N6.03 trillion 2016 budget will depend on the ability of the federal government to meet its revenue targets, the Minister of Finance, Mrs. Kemi Adeosun, has said. The minister spoke yesterday at the House of Representatives sectoral debate on economic diversification and said: […]