The Senate Committee on Customs, Excise and Tariff has summoned the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele and Finance Minister, Kemi Adeosun, over alleged N30 trillion import duties infractions. Also invited are the managing directors of all commercial banks, Federal Inland Revenue Service (FIRS), the Nigerian Customs Service and Corporate Affairs Commission (CAC). […]
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Nigeria’s Ministry of Finance says the sum of ₦375.8 million has been paid to the first batch of 20 whistle blowers in relation to the recovery of ₦11.635 billion. Minister for Finance, Mrs Kemi Adeosun said the payment is the first under the Whistle Blower Policy, and it underscores the commitment of the Buhari administration […]
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Nigeria Minister of Finance Mrs. Kemi Adeosun, on Tuesday, tasked the Director-Generals of Customs and African Union Commission to bring on board the issue of 0.2% import levy and come out with the guidelines for its implementation. She based the call for the implementation on making it a permanent source of funding for implementation by […]
Read More Nigeria Minister of Finance, Kemi Adeosun has eliminated the possibility of the government relying on recovered loots from former political office holders as basis for funding the 2017 appropriation bill. NEWSTAGE had on monday reported that the general overseer of The Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye said that Nigerians deserve to […]
Read More Minister of Finance, Mrs. Kemi Adeosun, has disclosed that capital releases for last year exceeded ₦1.2 trillion. The Minister, on friday said the disbursements were in line with the Federal Government’s increased focus on capital expenditure. According to her, Power, Works and Housing received the largest allocation of ₦307,411,749,682, followed by Defence and Security, ₦171,900,597,013 […]
Read More Capital released to Nigeria’s ministries and government agencies under the 2016 budget has reached a record 1 trillion naira ($3.3 billion), the finance minister said on Sunday. Development in Africa’s largest economy has been stunted by a lack of much needed investment to improve its ailing road, rail and electricity network. “So far, 1 trillion […]
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The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said that the inability of the Federal Government to generate enough revenue to meet its obligations had left it with no other choice than to turn to international financial institutions for loans to finance critical infrastructure projects. She said that with a huge monthly personnel expenditure […]
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Officials of the Ministry of Finance and the Budget Office of the Federation will today (Friday) meet over the clash in some of their functions, correspondent have revealed. President Muhammadu Buhari had in November last year created the Ministry of Budget and Planning from the Finance ministry. Buhari had named Mrs. Kemi Adeosun and Senator Udo […]
Read More The Minister of Finance, Mrs. Kemi Adeosun, has announced that at the end of September, N3.9tn out of the N6.1tn budgeted for the year has been released. This is announced by the Director Special Projects in the ministry, who represented the minister, Mr. Mohammed Dikwa, a stakeholders’ forum on reducing the cost of governance in Abuja […]
Read More Nigeria Minister of Finance, Mrs Kemi Adeosun, has accused western powers of being blockage to Nigeria’s plan to improve power output through the use of coal. Adeosun said this on Wednesday in Washington during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, International Monetary Fund General Meetings. […]
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The Minister of Finance, Mrs. Kemi Adeosun, will on Wednesday meet the World Bank to finalise Nigeria’s “policy support document” needed to complete its application for funds to help plug the $11bn budget deficit. “What was delaying (budget support loans) was a lack of flexibility in the exchange rate which we now have that,” the […]
Read More The Minister of Finance, Mrs Kemi Adeosun on Friday said the Nigerian movie industry otherwise known as Nollywood, played a very important role in the country’s economy. In a report by the News Agency of Nigeria, She said this in Abuja at the film industry stakeholder’s workshop aimed at restructuring and reinvigorating Project ACT Nollywood. […]
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