News - Minister Of Finance

FG Denies Subsidizing Petroleum Products

3 weeks ago /
Nation 

Nigeria's minister of Finance Kemi Adeosun has denied reports that the federal government is still subsidizing petroleum products, admitting that the Nigerian national petroleum corporation is importing refined products at a loss.

Suspension Of SEC DG Instilled Confidence In Nigeria’s Capital Market – Adeosun

3 weeks ago /
Nation 

The Minister of Finance Mrs Kemi Adeosun says the decision to suspend the former Director General (DG) of the Securities and Exchange Commission (SEC), Mounir Gwarzo, paid off. According to her, the decision helped to instil confidence in Nigeria’s capital market as well as its investors. “I think that the position that...

Public Service Rule Quoted By Adeosun Does Not Exist – Gwarzo

3 weeks ago /
Nation 

The former Director General (DG) of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on Tuesday during the House of Representatives Investigative Hearing on his suspension faulted the public service rule quoted by the Minister of Finance in his letter of suspension. Reading from the letter, which was signed by the...

Administrative Panel Recommends Gwarzo’s Dismissal From Public Service

3 weeks ago /
Nation 

The Administrative Panel of Inquiry set up 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 recommended the dismissal of Mr Gwarzo, from the Public Service of the Federal Government. The Panel at...

Fuel Subsidy: NNPC Draws N4.95 Trillion

3 weeks ago /
Nation 

Nigeria's state owned Oil Company, Nigerian National Petroleum Corporation {NNPC} has admitted it received a total of n4.95 trillion as fuel subsidy payment between 2006 and 2015.

UN Appoints Adeosun Into Pension Fund’s Investments Committee

1 month 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

2 months 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

2 months 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

2 months 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

2 months 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

2 months 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

2 months 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

2 months 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

2 months 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

2 months 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

3 months 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

3 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

3 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

3 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

3 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...


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