Tuesday, February 11, 2020

Tag "ngozi okonjo-iweala"

    Okonjo-Iweala: Governors have no excuse not to pay salaries

Okonjo-Iweala: Governors have no excuse not to pay salaries

Ngozi Okonjo-Iweala, outgoing minister of education and coordinating minister of the economy, says the allocations that state governors received from the federal government in the last four years is capable of taking care of their responsibilities, including payment of salaries. A total of 18 governors have been unable to pay civil servants, citing the deduction in allocation based on dwindling oil [...]

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Okonjo-Iweala: Jonathan leaving positive economic legacies behind

Ngozi Okonjo-Iweala, co-ordinating minister for the economy and minister for finance, on Saturday stated that contrary to recent negative statements about the economy, the Jonathan administration “was leaving positive economic legacies behind which nobody could wish away because history cannot be rewritten." According to Okonjo-Iweala who was speaking with finance correspondent in Abuja, some of the legacies of the Jonathan administration [...]

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    Govs ask Okonjo-Iweala to account for $20bn

Govs ask Okonjo-Iweala to account for $20bn

The Nigeria governors’ forum (NGF) wants Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, to account for $20 billion being accruals of the excess crude account (ECA) from May 2013 till April 2015. Rotimi Amaechi,  chairman of NGF, made the demand at the end of a four-hour meeting that held at the Transcorp Hilton Hotel, Abuja. “In the light of [...]

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    Okonjo-Iweala: Forecast oil prices at your own risk

Okonjo-Iweala: Forecast oil prices at your own risk

Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, has warned that oil prices are likely to stay low for a long time after falling more than 40 percent in the past year. Brent crude has fallen about 42 percent over the past year. Although it has increased 11 percent so far this year and is currently at around [...]

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    Nigeria to borrow $2billion from World Bank

Nigeria to borrow $2billion from World Bank

The federal government has taken steps to secure a $2 billion loan from the World Bank and the African Development Bank (AfDB) to assist in the implementation of its policies and programmes for the year. This was announced by Ngozi Okonjo-Iweala, coordinating minister for the economy and minister of finance, in an interactive session with journalists in Abuja. According to Okonjo-Iweala, the loan [...]

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Chibok community happy with Jonathan

Representatives of the Chibok community on Wednesday met with Ngozi Okonjo-Iweala, coordinating minister for the economy and finance minister, expressing their gratitude to the government. The group conveyed the appreciation of the community to President Jonathan and the federal Government for standing by them, liberating their communities and putting in place structures for their re-construction and rehabilitation. They also joined other Nigerians [...]

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    Okonjo-Iweala: We will meet SERAP in court

Okonjo-Iweala: We will meet SERAP in court

Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, says she is ready to face advocacy group, Socio-Economic Rights and Accountability Project (SERAP), in court over alleged missing N30 trillion. SERAP had filed a suit against Okonjo-Iweala at a federal high court in Lagos, challenging her to account for the missing money – an allegation levelled by Chukwuma Soludo, former governor of [...]

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    Okonjo-Iweala sure fuel queues would end ‘very soon’

Okonjo-Iweala sure fuel queues would end ‘very soon’

Ngozi Okonjo-Iweala, coordinating minister of the economy and minister of finance, has assured Nigerians that the present scarcity of petrol will end soon. In a statement on Tuesday, the minister expressed the deep concern of the government about the fuel queues in Lagos, Abuja, and many other states of the federation. “As Nigerians can attest, the petroleum ministry and NNPC have worked very hard to reduce [...]

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Global firm invests N200 billion in Nigeria’s mortgage sector

Cantor Fitzgerald, a global investment firm with strong expertise in asset backed mortgage securities is investing $1 billion (about N200 billion) in the Nigerian mortgage sector. The firm has also made arrangements to build 10,000 houses in Kaduna, Lagos, Enugu and Abuja within the next one year. Jack Heffernan, managing director of the firm's Debt Capital Markets division, signed a memorandum of [...]

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    NOI: Nigeria’s systems can’t prevent corruption

NOI: Nigeria’s systems can’t prevent corruption

Ngozi Okonjo-Iweala, the minister of finance, is of the opinion that corruption persists in the country because Nigeria lacks the institutions, systems and processes to prevent it. She made this statement on Tuesday while speaking at the Catholic Caritas Foundation Forum in Abuja. According to Okonjo-Iweala, the absence of relevant systems and institutions that will help check corruption has created opportunities for people to [...]

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    FG slashes 2015 budget as oil price slump bites

FG slashes 2015 budget as oil price slump bites

Nigeria has more than halved capital expenditure to less than 10 percent of 2015 spending, axing badly-needed infrastructure investment due to the collapse in the price of oil, the country's main source of revenue, according to the full budget submitted to parliament. Even though Nigeria's capital spending seldom materialises as planned, shelving projects such as port upgrades and roads will only [...]

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    Soludo: Now, Okonjo-Iweala will sit up

Soludo: Now, Okonjo-Iweala will sit up

Charles Soludo, a former governor of the Central Bank of Nigeria (CBN) and former Anambra state governorship aspirant, says his recent criticism of the economy under Ngozi Okonjo-Iweala, the minister of finance and coordinating minister of the economy, has brought about a change. Maintaining that he achieved his intended objective for opening cans of worm, Soludo expressed optimism that there would [...]

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Ngozi Okonjo-Iweala and the Missing Trillions (1)

I read some of the responses to my article, “Buhari vs Jonathan: Beyond the Election”, and I want to thank everyone who has contributed to the debate. I am glad that the debate has finally taken off. I have decided, for the record, to re-enter the debate if only to set some records straight and hopefully elevate the debate further. [...]

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    Soludo’s article ‘outright nonsense and self-seeking aggrandizement’, says finance ministry

Soludo’s article ‘outright nonsense and self-seeking aggrandizement’, says finance ministry

The ministry of finance has described Charles Soludo, former Central Bank of Nigeria governor’s article in which he flayed the present government for the economic woes of the country as self-serving, deficit in fact, logic and honour. In the article published on Monday, Soludo berated the poor handling of the economy by the Goodluck Jonathan administration. Among the things he said was that the [...]

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    FG insists on $65-per-barrel oil benchmark for 2015 budget

FG insists on $65-per-barrel oil benchmark for 2015 budget

The federal government will not go back on the $65 per barrel oil benchmark upon which the 2015 budget is hinged, Ngozi Okonjo-Iweala, coordinating minister of the economy and minister of finance, said on Tuesday. In November, Okonjo-Iweala announced that the 2015 budget would be predicated on an oil benchmark of $65, explaining that the government had a scenario-based approach to managing the falling [...]

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2015 budget passes second reading

The 2015 appropriation bill has passed second reading at the senate. The bill on Wednesday was referred to the committee on finance and appropriation for further legislative scrutiny. In December, Ngozi Okonjo-Iweala, the minister of finance and coordinating minister of the economy, presented a budget of N4.357 trillion for 2015 before both houses of the national assembly. According to the budget, 2.616 trillion [...]

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Exchange Rates

February 04, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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