News - Minister Of Finance

UN Appoints Adeosun Into Pension Fund’s Investments Committee

5 days ago /
Nation 

The United Nations has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF). UN’s Under-Secretary-General, Ms. Jan Beagle, who confirmed Adeosun’s appointment, disclosed that the Adeosun would serve a one-year term of office effective from January 1, 2018. A statement...

House Commences Hearing On Conflict Between Finance Minister, SEC DG

1 month ago /
Nation 

A public hearing on the need to intervene in the conflict between the Minister of Finance, Mrs Kemi Adeosun and the suspended DG of Securities and Exchange Commission (SEC), Mr Mounir Gwarzo, has commenced. Chairman of the House of Representatives Committee on Capital Market and Institutions, Yusuf Tajudeen, however, read a...

BREAKING: Reps Shift Public Hearing On Suspended DG Of SEC

1 month ago /
Nation 

The public hearing on the conflict between the Minister of Finance, Kemi Adeosun and the suspended Director General of Securities and Exchange Commission has been rescheduled for January 2018. This follows a notification by the Minister of Finance seeking permission to attend the Federal Executive Council meeting which continues today. The letter...

Reps Summons Adeosun, Ngige, Others Over NSTIF Remittances

1 month ago /
Nation 

Nigeria’s House of Representatives ad-hoc committee probing ministries, departments and agencies remittances to the Nigeria Social Insurance Trust Fund (NSITF) has summoned the Minister of Finance, Kemi Adeosun, Minister Of Labour And Productivity, Chris Ngige, Accountant general of the federation Ahmed Idris and the director general, budget Office Ben Akabueze...

House Of Reps Wades Into Sec/Ministry Of Finance Crisis

1 month ago /
Nation 

Nigeria's House of Representatives has mandated it's committee on capital market and institutions to investigate all allegations on the conflict between the Minister Of Finance, Kemi Adeosun and the suspended Director General, Securities and Exchange Commission, Sec, Munir Gwarzo Over Oando's Forensic Audit and corruption allegations. The lawmakers also want all parties...

Court Grants Nenadi Usman Permission To Visit US For Treatment

1 month ago /
Nation 

A Federal High Court sitting in Lagos has granted the former Minister of Finance, Mrs Nenadi Usman, permission to travel to the United States for medical care. Justice Rilwan Aikawa ordered that her passport be released to enable her travel from December 18. She is, however, to present herself for trial on...

BREAKING: Reps To Probe Suspension Of SEC DG By Adeosun

1 month ago /
Nation 

Niogeria's House of Representatives has resolved to probe the suspension of the Director-General of the Securities and Exchange Commission, Mr Mounir Gwarzo. Gwarzo was earlier suspended by the Minister of Finance, Mrs Kemi Adeosun, on Wednesday, November 9, over the allegation of financial impropriety and to allow for an unhindered investigation...

I Did Not Assent To Maina’s Reinstatement Letter, Malami Insists

1 month ago /
Nation 

The Attorney General of the Federation and Justice Minister, Mr Abubakar Malami has stood his ground that he did not authorize the controversial letter reinstating the embattled former Chairman, Presidential Taskforce on Pension Reforms, Mr Abdulrasheed Maina. Malami made his position known on Thursday during a resumed public hearing on Maina...

AGF Never Carried Me Along In Maina’s Reinstatement – Oyo-Ita

1 month ago /
Nation 

The Head of the Civil Service of the Federation, Winifred Ekanem Oyo–Ita, has maintained her position that she had no hand in the reinstatement of the embattled former Minister of chairman of the Presidential Pension Task Force Team, Abdulrasheed Maina. She made this known on Thursday during a resumed public hearing...

Ikoyi Whistle Blower To Receive Reward Before End Of Year

1 month ago /
Nation 

The whistle blower who provided the information that led to the recovery of huge sums of money in different currencies at an apartment in Osborne, Ikoyi, Lagos state will receive his reward before the end of the year. Minister of Finance Kemi Adeosun disclosed this of information to state house correspondents...

Federal Govt Presents Revised MTEF/FSP To Senate

1 month ago /
Nation 

The Federal Government has presented a revised 2018 to 2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (FSP) to the Senate for consideration. The government specifically adjusted the Gross Domestic Product (GDP) growth rate from 4.5 percent to 3.5 percent. Minister of State for Budget and National Planning, Zainab Ahmed, made...

BREAKING: Senate Approves Buhari’s $5.5b Loan Request

2 months ago /
Nation 

The Senate has approved the $5.5 billion loan request presented by the President, Muhammadu Buhari. The approval comes after a consideration of the report of the committee on local and foreign debts, which was laid by Senator Shehu Sani on Tuesday. The President had requested the issuance of $2.5 billion to finance...

NAF Denies Open Letter To Finance Minister

2 months ago /
Nation 

The Nigerian Air Force (NAF) has disassociated itself, from the content of a letter in a recent publication titled “Boko Haram open letter to finance minister” which was reportedly written by one “wing commander AA Abubakar” of Minna, Niger State, said to be a retied NAF officer. NAF in a statement...

Nigeria Not An Oil Economy, Says Adeosun

2 months ago /
Business and Economy  

The Minister of Finance, Mrs Kemi Adeosun, has set the records straight regarding Nigeria’s status as an oil producing economy. Mrs Adeosun, in an article titled: ‘All Change, Nigeria Is Not An Oil Economy”, said the country does not fit into such description and it would be wrong to categorise it...

Federal Executive Council Approves 2018 Draft Budget

2 months ago /
Nation 

Minister of Budget and National Planning, Udoma Udo Udoma who briefed state house correspondents after the weekly federal executive council meeting on Thursday said the draft document is now ready for transmission to the national assembly. Udoma who was not forthcoming with information on the projections of the 2018 budget noted...

Buhari Visits Niamey On Tuesday

2 months ago /
Nation 

President Muhammadu Buhari will Tuesday depart for Niamey, republic of Niger, to participate in a meeting on common currency for the west African sub-region.   member countries of the ECOWAS task force on common currency are ‎Nigeria, cote d'ivoire, Ghana and Niger.   The minister of finance, Kemi Adeosun and the central bank of Nigeria governor,...

$5.5 Billion Loan: Buhari Seeks National Assembly Approval

3 months ago /
Nation 

President Muhammadu Buhari on Tuesday sought national assembly approval for an external loan of $5.5 billion to finance the 2017 budget. Buhari's request is contained in a letter read on the floor of the senate by senate president Bukola Saraki. While $3 billion would be sourced through euro bond, the remaining $2.5...

FG Releases N100bn Sukuk Bond Proceeds For 25 Road Projects

3 months ago /
Nation 

The Federal Government has released the proceeds of the N100 billion Sukuk bond for the construction and rehabilitation of 25 major road projects in the six geopolitical zones of the country. The Minister of Finance, Mrs Kemi Adeosun, handed over the cheque for the N100 billion to the Minister of Power,...

We Hope 2018 Budget Will Be Passed In December – Osinbajo

3 months ago /
Nation 

The Federal Government says it hopes the 2018 Appropriation Bill will be passed into law by the National Assembly in December. This is coming from the Vice President, Professor Yemi Osinbajo, while speaking at a dialogue session with members of civil society organisations on Thursday in Abuja, Nigeria’s capital. Professor Osinbajo also...

FG To Roll Over 2017 Capital Projects

3 months ago /
Nation 

The Nigerian government has plans to roll over 60% of capital projects in the 2017 budget to the 2018 budget. Minister of finance, Kemi Adeosun and the minister of budget and national Planning Udoma Udo Udoma said this at the senate on Tuesday. Nigeria’s minister of Finance Kemi Adeosun and her counterpart...


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