News Release March 26, 2016 2016 Budget: Capital Releases to MDAs reaches the N1trillion mark Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases in Nigeria’s annual funding for capital projects, Minister of Finance, …
President Muhammadu Buhari has directed the Minister of Finance, Kemi Adeosun, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to act with dispatch in releasing the second tranche of the London-Paris Club refunds to the states in order to ease their financial hardships. The president, who addressed the meeting of the National…
The Minister of Finance, Mrs. Kemi Adeosun, has strongly solicited the cooperation of the Central Bank of Nigeria (CBN), in extending the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs), to facilitate the detection of bank accounts which might have been opened and operated in such banks for ghost workers…
The Central Bank of Nigeria said on Thursday three key sectors of the economy received the largest foreign exchange allocations between December 2016 and January.2017 The CBN said out of a total of $2.83 billion disbursed during the two months to critical sectors of the economy, manufacturing, agriculture and raw materials got the lion’s shares….
The Federal Government on Thursday said the January allocation from the Budget Support Facility (BSF) to Ekiti State was suspended because the state failed to comply with the basic requirements for participating in the facility. A statement by the Ministry of Finance signed by the Director of Information, Salisu Dambata, said the BSF is a…
Governor Seriake Dickson on Monday said, the Memorandum of Understanding signed between the Bayelsa State Government and the Bank of Industry was a part of an effort to raise the N10 billion entrepreneurship development fund to create wealth for small and medium scale entrepreneurs in the state. Dickson, who made the disclosure during the signing…
A former deputy governor of the Central Bank of Nigeria, CBN, and chief executive of CEPER, Mr. Obadiah Mailafia, has disclosed that 20 per cent of the currency circulating in the country is fake. Mailafia, who made this known on Monday while delivering a lecture at the public hearing on the 2017 budget, said it…
Bayelsa State Governor Henry. Seriake Dickson, has expressed his administration’s commitment to partner with the Chartered Institute of Bankers of Nigeria (CIBN), to explore areas of mutual benefits. The governor, according to a statement by his Chief Press Secretary, Daniel Iworiso-Markson, said Dickson stated this when he received the President and Chairman of the Council…
Sola Jide with Agency Report The sum of N426.88 billion was disbursed to the three tiers of government in December 2016, the National Bureau of Statistics, NBS, has said. A report released by the bureau on Tuesday said the Federation Account Allocation Committee, FAAC, disbursed the sum from the revenue generated in November, 2016. According…
BY GLADYS NWEKE The Director General of the Nigerian Maritime Administration and Safety Agency [NIMASA] Dr Dakuku Peterside has charged the media on fair and balance reportage of economic activities noting that they play a vital role to the growth and development of the economy. The DG who stated this at the weekend when Management…
