kemi adeosun

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    Business US Ambassador Tells Adeosun, Your Ministry Is The 'Oxygen' Of Nigeria

    The Minister of Finance, Mrs. Kemi Adeosun on Friday reaffirmed the commitment of the Muhammadu Buhari-led administration to return the economy on a path of sustainable growth having weathered the storm of a difficult macroeconomic environment over the years. The US Ambassador, Mr. W. Stuart...
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    Politics Reps Orders Immediate Probe Of Osinbajo Over Buhari's Social Scheme

    The House of Representatives on Tuesday ordered the immediate probe of the office of the Acting President Yemi Osinbajo for allegedly politicising the Federal Government’s social intervention scheme. Adopting the motion sponsored by Mr. Mark Gbillah (PDP, Benue), the lawmakers also ordered the...
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    Politics Nigeria: Adeosun Launches New Policy to End Theft of Govt Assets by Govt Officials

    Nigeria's Finance Minister, Kemi Adeosun has launched an Asset Tracking and Management Project which will locate, identify, assess and evaluate all moveable and non-moveable assets of the federal government. This follows the recent recovery of government property from ex government officials...
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    Business FG Appoints Board of Directors, Management Team for Development Bank of Nigeria, DBN

    All is now set for the take off of the Development Bank of Nigeria, DBN, the Presidency on Tuesday said. The DBN is expected to increase access to finance for MSMEs through eligible financial intermediaries. The DBN will make fund accessible to development banks who will in turn provide loans...
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    Business Nigeria: We Need an Home-Grown Reform Program- Adeosun Rules Out IMF Loan

    Nigeria's Finance Minister, Kemi Adeosun, has ruled out FG borrowing money from the IMF to improve the country's economy. Speaking on CNBC, Adeosun said it is a last resort. “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have...
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    Business FG Finally Decides Not To Borrow From IMF

    The Federal Government has said it will not apply for International Monetary Fund loan. Minister of finance, Kemi Adeosun stated this in an interview with CNBC. She said: “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance...
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    Politics Nigeria: Finance Minister Reveals Balance of Excess Crude Account

    Nigeria's Finance Minister on Thursday at the Federal Executive Council meeting stated how much is left in the country's Excess Crude Account, According to her, the balance in Excess Crude Account (ECA) = US$ 2,458,382,844.03 as at February 15, 2017.
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    Politics Why Ekiti's January Allocation was Blocked- Finance Minister Adeosun

    Nigeria's Finance Minister Kemi Adeosun has revealed why the January allocation for Ekiti state was blocked by the federal government. The January allocation from the Budget Support Facility, to Ekiti State was suspended because the state failed to comply with the basic requirements for...
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    Politics 2017 Budget: Fashola 'Accuses' Adeosun Of Padding Housing Allocation With 2 Billion Naira

    The Senate Committee on Housing and Urban Development has alleged the presence of a strange vote to the tune of 2 Billion naira in one of the estimates for the Ministry of Housing. According to PUNCH reports, indications emerged that the budget padding mess which occurred in the 2016 budget is...
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    Business Nigeria: We Are Moving Economy Out Of Recession - FG

    The Federal Government has said the over subscription of its recent Eurobond in excess of $7.8 billion compared to a pre-issuance target of $1bn showed strong market appetite for Nigeria. It also said the development is confirming confidence of the international investment community in...
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    Business Nigeria: Prices Of Drugs Skyrocket

    The upward review of duties on imported products and goods by the Federal Government has raised prices of imported goods and products is causing patients and healthcare providers sleepless nights. Following the directive on Tax for medicaments by the Minister of Finance, Mrs. Kemi Adeosun to...
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    Business Nigeria’s $1bn Eurobond Records Eight Times Oversubscription

    Nigeria's US$1 billion Eurobond was 780 per cent oversubscribed, demonstrating a strong market appetite for Nigeria The federal government on Thursday revealed that the newly established US$1 billion Global Medium Term Note programme will bear interest at a rate of 7.875 per cent to mature on...
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    Business Nigeria: LIST Of Luxury Items FG May Increase VAT On

    The Federal Government has announced plans to increase tax on luxury items like champagne and others. This was revealed by the Minister of Finance, Kemi Adeosun, after the Federal Executive Council meeting on Wednesday. In economics, a luxury good is a good for which demand increases more than...
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    Metro Buhari's Chief of Staff Orders Immediate Payment of N150billion to Oil Marketers

    President Muhammadu Buhari's Chief of Staff Abba Kyari on Wednesday ordered immediate payment of the N150 billion to oil marketers. Kyari gave the order after a meeting attended by Minister of Finance, Kemi Adeosun; the Minister of State for Aviation, Hadi Sirika; Group Managing Director of...
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    Business Buhari's Efforts To Secure International Loans Hit Deadlock

    President Muhammadu Buhari-led federal government's efforts to secure funds from international lenders to help haul it out of recession have stalled. 'This is because it has not submitted the required economic reform plans', according to one of the banks and sources close to the matter. The...
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    Business Why Nigeria's Black Market Will Collapse Soon- Finance Minister Adeosun

    Nigeria's Finance Minister Kemi Adeosun is confident that the country's black market, where dollar is most expensive, will soon collapse. Speaking in Abuja on Monday, she said the market had no backbone. "The black market would soon collapse because it is not driven by any fundamentals and...
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    Politics FG Denies Increasing Tariff On Food Items

    The Federal Ministry of Finance has said that it had not increased the import duty on food items and other luxury goods. A statement issued by the Director of Information, Salisu Dambatta on Friday, said that contrary to reports that tariffs on such items had been increased, the government had...
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    Business Buhari Approves New Import Tariffs On Luxury Goods, Food Items

    President Muhammadu Buhari-led federal government has approved new import duties on luxury goods such as yachts and sport utility vehicles (SUVs), and some food items imported into the country. The increase contained in a circular issued by the Minister of Finance, Mrs. Kemi Adeosun to the...
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    Business Nigeria: BREAKDOWN Of How FG, States, LGs Shared N4.97trn In 2016

    The three tiers of government comprising federal, states and local government councils shared a grand total of N4.97 trillion as federation revenue approved by the Federal Accounts Allocation Committee (FAAC) in 2016 fiscal year. The N4.97 trillion represents 12 months of disbursements with...
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    Politics [VIDEO] Why Federal Workers Haven't Received Salaries- Finance Minister Adeosun

    Nigeria's Finance Minister, Kemi Adeosun, has explained why some federal workers are yet to receive their salaries. According to her, this is because federal agencies usually exhaust their budget allocations before the end of the year and thus become without cash by the end of the year. The...
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