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SEC Partners Attorneys-General Alliance To Combat Ponzi Frauds

The Securities and Exchange Commission (SEC) in partnership with the Attorney General Alliance Africa (AGA-Africa) will train law enforcement agencies, lawyers and the public on prevention of Ponzi scheme frauds in the country. A statement issued by a joint committee of SEC and AGA-Africa on Sunday indicated that the two-day webinar training with the title […]

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Diversification Drive Catalyst To Nigeria’s Economic Recovery – Ahmed

The Federal Government on Wednesday hinged Nigeria’s exit from economic recession on the gains from its ongoing economic diversification agenda, particularly the value addition from the implementation of the Economic Sustainability Plan (ESP). The Minister of Finance, Mrs. Zainab Ahmed, made this known while chatting with State House correspondents at the end of Federal Executive […]

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Economic Stakeholders Support Finance Act 2020 – PwC Survey

Most analysts in the nation’s economic space have endorsed the just enacted Finance Act 2020 in view of its great potential to transform the nation’s economy and reposition it on the path of sustainable growth in the years ahead. The support was confirmed in a survey by leading professional services firm, PwC Nigeria, during its […]

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FGN Disburses $324.6Mn Performance Grants To States

The Federal Government has disbursed another tranche of performance-based grants to states in the sum of N123.348 billion (USD324.6million) under its States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this in a statement signed by the Ministry’s Director of Press […]

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Local Automobile Assemblers Seek Reversal Of New Tariffs On Imported Vehicles

PAN Nigeria Limited and other local automobile assemblers have called on the Federal Government to urgently reconsider the tariff regime on imported vehicles into the country in order to safe local assembly plants from collapsing. The major local vehicle assembler made the appeal on Tuesday following the Federal Executive Council (FEC) approval of the new […]

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FG Committed N1.80Trn To Capital Projects In 2020 Fiscal Year – Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]

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Despite Recession, FG Rates Nigeria’s Economy High

The Federal Government has rated the Nigerian economic performance high despite contracting by -3.62% (year-on-year) in the third quarter of 2020, the worst recession recorded in over 30 years. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, gave this rating on Monday in Abuja at the 26 edition of the Nigerian Economy […]

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Nigeria Seeks $1.2Bn Loan From Brazil For Agric Financing

The Nigerian Government is seeking National Assembly approval for $1.2 billion loan from Brazilian Government to fund some areas of the agriculture value chain, Finance Minister, Zainab Ahmed, hinted on Tuesday in Abuja during the ministry’s budget defence. The minister told the House of Representative Committee on Finance that the Federal Government was also making […]