Breaking News
Home / Tag Archives: Kemi Adeosun

Tag Archives: Kemi Adeosun

Federal and State Governments Shared N420 billion in September

Mrs Kemi Adeosun, minister of finance said N420 billion was shared as revenue by the Federal, state governments and the local councils for September as against N510.3 billion shared in August. Adeosun, said this in Abuja on Thursday at the monthly revenue allocation to Federal, States and Local Governments. She …

Read More »

CBN Renews Strategy For Naira-Yuan Swap Deal

The Central Bank of Nigeria (CBN) yesterday, raised the hope that the lingering Naira-Yuan swap deal will be achieved as part of strategies to reducing the huge dollar demand pressure on the local currency. The CBN Governor, Godwin Emefiele, gave the indication at the ongoing International Monetary Fund/World Bank Group …

Read More »

Economic Recession: IMF offers Nigeria, others zero-interest loans

The International Monetary Fund is prepared to lend money to Nigeria and other countries facing economic crisis at zero interest rate in order to stimulate their recovery. The Managing Director, IMF, Christine Largade, said this on Thursday in Washington DC, United States, at the ongoing annual meetings of the World …

Read More »

Nigeria Accuses Western Powers Of Conspiracy To Stop It Building Power Plants

The Nigerian government has accused western powers of being a stumbling block to Nigeria’s effort to improve its electricity output through the use of coal. The Minister of Finance, Kemi Adeosun, made the allegation on Wednesday in Washington, U.S.A., during a discussion on the importance of addressing infrastructure gaps in …

Read More »

Federal Government to reduce income tax of small businesses

The Federal Government plans to reduce the income tax being payed by Small, Micro and Medium Enterprises (SMMEs) in the country to encourage more start-ups in the sector. A statement by the Federal Ministry of Finance on Thursday said the gesture was also to boost profitability of existing ones, generate …

Read More »

Nigeria is already getting out of recession – Finance Minister, Kemi Adeosun

Mrs Kemi Adeosun, the Minister of Finance, on Wednesday said that the nation was already getting out of recession, saying the Federal Government had taken steps that were in the best interest of the citizens. Adeosun disclosed this in her closing remarks at a two-day conference of National Council of …

Read More »

Economic Recession: Nigeria In Talks To borrow $1 Billion (N350 billion) From AfDB

Nigeria is in talks with the African Development Bank (AfDB) for a $1 billion loan to help cover its 2016 budget deficit, the finance minister, Kemi Adeosun said on Monday. She said the loan would be concessionary  and carry an interest rate of 1.2 percent. “We are talking with AfDB for a …

Read More »

Budget Allocation: Federal Government, states, and local governments shared N510 billion in August

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said N510.2 billion was shared among the federal, states and local governments as revenue realised in August. She told newsmen after the meeting of Federation Account Allocation Committee (FAAC) in Abuja that the amount is higher than the N493.6 …

Read More »

Cost cutting measure: Buhari bans conference bags, t-shirts, souvenirs at workshops, seminars

In continuation of the on-going cost-cutting and efficiency drive in the utilization of public funds by President Muhammadu Buhari administration, the Federal Government has banned the procurement and distribution of conference bags, T-shirts and other souvenirs at events and activities such as Conferences, Workshops and Seminars organised and funded by …

Read More »

Text of Speech Delivered by the HMF, Kemi Adeosun at the 2016 Nigeria Diaspora Day Conference

All Protocols Observed. I want to thank you for your interest in the Nigeria, story the fact that you are here shows a patriotic commitment that is worthy of commendation. Diaspora are a key part of the Nigerian Community and have a key role to play at this critical time. …

Read More »