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Farooq

Posts Tagged "finance minister"

HomePosts Tagged "finance minister"

ABUJA Oct 17 (Reuters) – Nigeria plans to launch a development bank by January to support smaller-scale businesses, the finance minister said on Monday, as the country seeks a way out of its worst economic crisis in decades. The Development Bank of Nigeria (DBN) has secured commitment from the World Bank for $1.3 billion in […]

ABUJA, June 22 (Reuters) – Nigeria’s distributable revenues to the three tiers of government rose in May to 305 billion naira ($1.07 billion), up from 281.5 billion in April, boosted by higher oil prices and tax revenues, the finance minister said on Wednesday. Nigeria, an OPEC member with Africa’s biggest economy which relies on crude sales […]

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 in Abuja The Minister of Finance, Mrs. Kemi Adeosun, will tuesday meet with the 36 commissioners of finance to finalise discussions on a fresh bailout to their cash-strapped states. THISDAY gathered that the meeting, which comes up at the minister’s conference room at 2pm, will provide the commissioners an opportunity to explain how […]

Nigerian officials are meeting bond investors in London next week, according to a person familiar with the matter, as the government considers tapping international debt markets for the first time in three years to help finance its record budget deficit. Finance Minister Kemi Adeosun will head the meetings on June 7, which have been arranged […]

By Ugo Nwagwu Yesterday, we celebrated commemorated Democracy Day. It also marked the one year anniversary of APC and President Muhammadu Buhari’s rule. Several weeks ago, we ranked the Top 5 Ministers on the hot seat. As you can imagine, these things are fluid. Yesterday’s prisoner can be tomorrow cup bearer. You’d understand if you […]

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: […]