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Senate Summons CBN Gov, Finance Minister, Others Over N500bn Loan Disbursement

Senate Summons CBN Gov, Finance Minister, Others Over N500bn Loan Disbursement   An ad-hoc committee set up by the Senate to investigate the disbursement of development funds to 36 states of the federation since 2017, has summoned the Minister of Finance, Zainab Ahmed; the Governor of...

Finance Minister To Launch Revised Capital Market Master Plan

Finance Minister To Launch Revised Capital Market Master Plan   The Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed is to launch the Revised Capital Market Master Plan that is expected to be the Roadmap for the capital market for the next few years. This...

Nigeria’s Oil And Revenue Now $742.48bn – NEITI

Nigeria’s Oil And Revenue Now $742.48bn - NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has said the Federal Government has earned $741.48billion revenue from the oil and gas sector. The earnings, according to the Executive Secretary Dr. Orji Ogbonnaya Orji, do not include the ones...

CBN Says 36 million Nigerians Lack Access To Financial Services 

CBN Says 36 million Nigerians Lack Access To Financial Services    The Director of Information Technology at the Central Bank of Nigeria, Rakiyat Mohammed, has said that about 36 million Nigerians currently have zero access to financial services. Mohammed, who spearheaded the development and deployment of the...

Nigeria Loses $2bn To Oil Theft In Eight Months

Nigeria Loses $2bn To Oil Theft In Eight Months   The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said on Tuesday that Nigeria lost $2 billion, equivalent to N1.3trillion, to oil theft between January and...

Senate, Ministers Battle Over 206bn Budget Padding 

Humanitarian minister blames Ahmed for N206bn budget padding Senate, Ministers Battle Over N206bn Budget Padding  The Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Farouq, has disclosed that the Minister of Finance, Zainab Ahmed, added N206bn to the humanitarian ministry’s budget. Farouq, who appeared before...