kemi adeosun

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    Business Nigeria Will Continue to Borrow – Finance Ministry Contradicts Adeosun

    The Ministry of Finance on Thursday said that the Federal Government would continue to borrow from foreign and domestic financial institutions to fund its programmes. The statement by the Director of Information, Mr. Salisu Dambatta contradicts the comment of the Minister of Finance, Mrs...
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    Politics FG Hires Foreign Investigators To Track Illicit Funds

    The Federal Government said it has engaged a global investigation agency in a bid to trace illicit funds originating from Nigeria to different parts of the world. The Minister of Finance, Mrs. Kemi Adeosun, on Friday, stated this while in a keynote address at the 3rd Nigerian Stock...
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    Metro FG Pays N375.8m To 20 Whistleblowers

    The federal government has paid a total of N375.8 million to 20 whistleblowers, who facilitated the recovery of N11.6 billion. According to a statement signed by Salisu Dambatta, director of press at the ministry of finance, the government said it received 2,150 communications and 337 tips...
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    Politics Kemi Adeosun - Looting Nigeria's Money Is Very Easy

    Nigeria's finance Minister, Kemi Adeosun on Tuesday said that it is very easy to loot the country's treasury but the hardwork lies in discovering and repatriation of looted funds. Adeosun made the remark while speaking at the second day of a three-day conference on ‘Promoting International...
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    Politics House of Reps Summons Okonjo-Iweala, Adeosun

    The House of Representatives through its committee on procurement, has summoned former Finance Minister, Ngozi Okonjo-Iweala and her successor, Kemi Adeosun. They were summoned for alleged abuse and breach of the Procurement Act, 2007. The house directed that they should appear before it on...
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    Politics Adeosun - I Think We Are Getting Out Of Recession

    Minister of Finance, Kemi Adeosun, said statistics show that the economy is bouncing out of recession. During an appearance on CHANNELS TV, Adeosun said, "I think we are getting out of recession. All the statistics seems to suggest that but more importantly, we are getting on the path of...
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    Business FAAC: BREAKDOWN OF How FG, States, LGs Shared N415Bn In April

    The Federation Account Allocation Committee (FAAC) on Tuesday shared N415 billion to the three tiers of government being revenue for April 2017. Giving the breakdown, the Minister of Finance, Mrs Kemi Adeosun said the gross statutory revenue of N274.210 billion received for the month, was...
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    Business FG Approves New Interest Rate For Unpaid Taxes

    President Muhammadu Buhari-led Federal Government has approved a new interest rate spread on unpaid taxes for the year 2017. The new interest rate was approved by the Minister of Finance, Mrs. Kemi Adeosun. According to the minister, the new interest rate shall be 5% over the Central Bank of...
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    Business Nigeria Is Coming Out Of Recession – Adeosun Confirms

    The Nigerian economy is gradually coming out of its worst recession in years, the finance minister, Kemi Adeosun, has said. “Nigeria is coming out of recession; we are beginning to see the signs and we will come out to become stronger,” the News Agency of Nigeria quotes Mrs. Adeosun as saying...
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    Business Osinbajo Discusses Modalities For Funding 2017 Budget With Economic Team

    Acting President Yemi Osinbajo on Monday at the Presidential Villa, Abuja, on Monday, gathered the Economic Management Team (EMT) to discuss the modalities for funding the budget. Although the National Assembly was yet to transmit the budget to the executive, the meeting was meant to brainstorm...
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    Politics Adeosun Lands In Trouble Over Alleged Abuse Of Procurement Act

    Members of the Committee on Public Procurement of the House of Representatives, Monday gave the Minister of Finance, Kemi Adeosun a 24-hour notice to appear before it over alleged abuse and breach of the Procurement Act, 2001. The committee also walked out officials of the Finance Ministry led...
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    Politics What Abba Kyari Discussed With Service Chiefs Yesterday

    The Chief of Staff to the President, Malam Abba Kyari, on Friday met behind closed-doors with service chiefs over the Boko Haram insurgency. In attendance were the Chief of Defence Staff, General Gabriel Abayomi Olonisakin and the Chief of Army Staff, Major-General Tukur Yusuf Buratai, who were...
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    Business Nigeria's Excess Crude Account Stands At $2.45bn

    Minister of Finance, Mrs Kemi Adeosun, on Tuesday revealed that Nigeria's excess crude account balance stood at 2.45 billion dollars. The Accountant-General, Mr Ahmed Idris, who represented Mrs. Adeosun, at the monthly FAAC meeting, held in Abuja, gave the figure. She said the Federation...
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    Business Nigeria: BREAKDOWN Of How FG, States, LGs Shared N467.8Bn In March

    The Federation Account Allocation Committee (FAAC) on Tuesday said it shared N467.8 billion as revenue for March to the federal, states and local governments. The amount was N38.7 billion more than the amount shared by the three tiers of government for February. The Accountant-General, Mr...
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    Business Nigeria Government Gets World Bank, Others, Nod To Support Power Sector

    The World Bank group and other development partners have agreed to scale up disbursements for critical projects in Nigeria. Finance Minister, Mrs Kemi Adeosun told journalists in Washington at the end of the World Bank/IMF Spring Meetings that the power sector in particular, has received the...
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    Politics Senate Bows To Militants' Threat, Calls For Release of Amnesty Fund

    Nigerian Senate on Thursday has urged the Minister of Finance , Mrs. Kemi Adeosun to release N15bn balance for Amnesty Program based on threats by ex-militants over non-payment. The Senate asked its Committee on Niger Delta to investigate fictitious names included as Abia and Akwa Ibom state...
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    Business Buhari Approves $500m Eurobond

    President Muhammadu Buhari-led federal executive council has approved the $500 million Eurobond from the international capital market to fund the 2016 budget.‎ Kemi Adeosun, minister of finance, made this known on Wednesday, saying the next steps about the issuance will be released later in the...
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    Politics Nigerian Government Received 2,351 Tips From Whistleblowers

    Federal government has so far received 2,351 tips from whistleblowers, on cases bordering on embezzlement of government funds, looting of assets, contract inflation, among others. In a statement signed by Festus Akanbi, special adviser, media to Kemi Adeosun, minister of finance, said the tips...
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    Business FAAC: How FG, States, LGs Shared N429Bn Allocation For February

    Federal government, state governments and local government councils shared a total of N429.127 billion as federal allocation for the month of February 2017. The communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting held on...
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    Business Nigerian Minister, Adeosun Clarifies Paris Club Refunds To State Government

    The Minister of Finance, Mrs Kemi Adeosun has clarified the issue of Paris Club Refunds and assure the public that the Federal Government has consistently complied with all extant rules and regulations in the disbursement of the funds to State Governments. At the National Economic Council...
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