Thursday, November 15, 2018

Tag "Minister of Finance"

    All eyes on Zainab Ahmed as three ministers lead her to a new seat at FEC

All eyes on Zainab Ahmed as three ministers lead her to a new seat at FEC

Zainab Ahmed, acting minister of finance, was the star of the moment at Wednesday's federal executive council (FEC) meeting presided over by President Muhammadu Buhari.Ahmed, who had all along attended the meeting as minister of state for budget and national planning, was congratulated by her colleagues.Buhari had appointed Ahmed on Friday, following the resignation of Kemi Adeosun, minister of [...]

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    Lessons from Adeosungate

Lessons from Adeosungate

Nigeria’s former Minister of Finance (2015-2018), Kemi Adeosun threw in her letter of resignation on Friday, September 14, to bring to a temporary closure, the public outcry and the embarrassment that her possession of a fake National Youth Service Corps Exemption Certificate had generated since July when it was first reported. Her letter of resignation in which she blames “trusted [...]

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    IMF: Nigeria’s inflation rate to rise in second half of 2018

IMF: Nigeria’s inflation rate to rise in second half of 2018

The International Monetary Fund (IMF) says inflation rates will rise in the second half of 2018 as consumer spending increases and agricultural output drops.Lucie Fouda, IMF’s Africa press officer, said a delegation led by Amine Mati, senior resident representative and mission chief for Nigeria, between June 27 and July 9.According to Mati, even though crude oil prices are higher, the [...]

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    Adeosun to World Bank: Our whistle-blowing policy successful

Adeosun to World Bank: Our whistle-blowing policy successful

Kemi Adeosun, minister of finance, has told the World Bank and parliamentarians from across the world that the whistle-blowing policy of her ministry has been very successful.Speaking at the global parliamentary conference hosted on the sidelines of the World Bank and IMF spring meetings in Washington DC, the minister highlighted Nigeria’s economic reform agenda and the need for strong executive [...]

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    Africa has ‘lost $1.7 trillion’ in 50 years

Africa has ‘lost $1.7 trillion’ in 50 years

Claver Gatete, Rwanda’s minister of finance and economic planning, has called on African leaders to tackle illicit financial flows, alleging that the continent had lost over $1.7 trillion to the menace in the last 50 years.According to a statement by the African Export-Import Bank (Afreximbank), Gatete made the call while speaking at the third annual customer due diligence and [...]

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    GOOD NEWS: Buhari pays N1.6bn to 638 YouWin awardees

GOOD NEWS: Buhari pays N1.6bn to 638 YouWin awardees

The federal government has paid N1.6 billion to 638 awardees of the Youth Enterprise with Innovation in Nigeria (YouWin) programme, an initiative of the past government.There have been fears about the government of President Muhammadu Buhari scrapping the programme, with series of protests over the delay in grants.But Na’inna Dambatta, director of information at the ministry of information, said the [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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