Nigeria’s Three Tiers Of Government share extra NNPC Bounty of N46.6 billion in May.
The Federal, States and Local Government areas shared an extra N46.6 billion in the month of May. This amount brings the money shared by the three arms of government to a total revenue of N462.4 billion. The bonus came as a result of a refund of N450 billion to the federation account by the National […]
No payment of $79m commission to Swiss govt – FG
The Federal Government has said that there would be no payment of $79 million commission to the Swiss Government as a condition for the reparation of the $321 million looted by the late head of state, Gen. Sani Abacha loot. The Minister of Finance, Mrs Kemi Adeosun made the clarification on Sunday in a statement […]
Again, CBN ignores Finance Minister, maintains 14% interest rate
The Central Bank of Nigeria (CBN) yesterday maintained the interest rate at 14%, ignoring demands from the Minister of Finance to reduce the nation’s interest rates as a means of reviving the ailing economy. The Monetary Policy Committee (MPC) of the CBN rose from its two-day meeting in Abuja to announce that it was retaining […]
EPIC BLUNDER | Finance Minister Denies Own Twitter Account over Insensitive Tweet
As Characteristic of the APC led Federal Government, The Minister of Finance, Mrs Kemi Adeosun, has denied having a twitter account after the said twitter account tweeted ” “recession is just a word”. The unsavory tweet drew the anger of Nigerians who are currently battling with different stages of economic hardship. Mr. Festus Akanbi, the minister’s Special […]
Ifeanyi Ubah Calls For Emefiele, Adeosun to Resign
– Ifeanyi Ubah laments current foreign exchange crisis facing the nation – Faults fiscal policy being employed by the CBN and the Ministry of Fiance The Managing Director of Capital Oil and Gas, Ifeanyi Ubah has said the current economic crisis bedeviling the country should have prompted government officials saddled with fiscal responsibilities in the […]
Buhari Orders Payment Of December Salaries
President Muhammadu Buhari has ordered the immediate payment of December salaries to Federal Government workers. The Minister of Finance, Mrs Kemi Adeosun has stated that salaries were already being paid in response to the Presidential directive. She said salaries were being paid, and that people have already started getting alerts. “We are very conscious of the […]
Nigerian Naira Exchange Rate