ECONOMY

The Minister of Finance, Mrs Kemi Adeosun, on Friday outlined a 10-point fiscal roadmap to reset the Nigerian economy to a path of growth. The Minister, who represented His Excellency the Vice President, Yemi Osinbajo, at the annual dinner of the Lagos Business School, itemised fiscal policies and actions being...

As part of efforts to build peace and engender progress and development throughout Nigeria’s southeast region, the maiden South-East Economic & Security Summit - SEESS 2016 - has been convened for 22nd December 2016 at the Enugu State Government House, Independence Layout, Enugu. The summit, which is an initiative of...

The Honourable Minister of Finance, Mrs Kemi Adeosun on Wednesday at the Federal Executive Council (FEC) meeting presented a memorandum seeking approval for the issuance of the USD1.00 billion Eurobond in the international capital market (ICM) and the appointment of transaction parties responsible for the execution of the programme. The...

The Senate will on Wednesday, December 7th, 2016, begin the public hearing on the Petroleum Industry Governance Bill (PIB), which passed the second reading on Tuesday, November 1st, 2016. The PIB governance legislation, which has been stalled in successive Assemblies, has reached its farthest stage since it started its legislative...

The Governor of  Ekiti State, Mr Ayodele Fayose, on Tuesday presented a budget estimate of N93.4 billion to members of the House of Assembly in Ado-Ekiti. The budget, ‎which is 33 per cent higher than the 2016 Budget of N70.5 billion, was christened “Budget of Higher Height”. Fayose, while appraising...

Anambra State Governor, Chief Willie Obiano, has presented a budget estimate of N115.5 billion for the 2017 fiscal year to the state House of Assembly. Making the presentation in Awka on Tuesday, Obiano said that of this amount, the state expects N56.6 billion to be for recurrent expenditure, while N58.9...

At least 1.2 million Nigerians will be given soft loans which attract between two and three per cent interest rate as part of efforts to create jobs under government’s social investment programme. Mr Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity, told the News...

Central Bank of Nigeria (CBN) has accused the Emir of Kano, Sanusi Lamido Sanusi, of playing to the gallery over his statement that there are five exchange rates in the country. The CBN debunked the allegation of the emir that the apex bank allocates dollars to end users, CBN in...

State Governments have submitted to the Federal Government (FG) claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge deductions from the Federation Account Allocation Committee (FAAC) allocations. According to Special Assistant, Media to Honourable Minister of Finance, Mr. Festus Akanbi...

A Federal Government audit report on 33 revenue yielding agencies  have so far yielded a recovery of N292.44 billion from  non-disclosure of actual revenues accruing to them. The Minister of Finance, Mrs Kemi Adeosun, made the disclosure on Thursday  at  a media briefing where she said the government was about...