Summary of fraud allegedly committed by Emefiele, others; the Buhari connection
Operated 593 bank accounts in US, UK and China Fraudulently withdrew  $6.23m cash to pay international election observers Kept 543.4m Pounds in fixed deposit accounts in UK CBN Board did…
FG delists Transcorp Power PLC from routine evaluation, monitoring by BPE
May 9, 2023 …As Osinbajo highlights importance of privatisation to serious minded investors The Federal Government has delisted Transcorp Power PLC from the routine evaluation and monitoring by the BPE….
PRESIDENT BUHARI APPROVES PARTIAL EXCLUSION OF MOFI FROM TSA, INCLUSION OF MINISTER OF POWER IN GOVERNING COUNCIL
May 3, 2023 President Muhammadu Buhari on Tuesday in Abuja approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account (TSA). In a statement…
Concessional world bank facilities positive for Nigeria – DMO
April 26, 2023 The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to 13.46 billion dollars in 2022 is…
GROW FG ASSETS FROM 18 TRILLION TO 100 TRILLION NAIRA IN 10 YEARS, PRESIDENT BUHARI CHARGES NEW MOFI BOARD AT INAUGURATION
Feb. 2, 2023 President Muhammadu Buhari, Wednesday in State House, Abuja, charged the Ministry of Finance Incorporated (MOFI) to grow its Assets Under Management from the current value of 18…
Nigeria fin min says debt trajectory sustainable, no 2023 bond sale – BBG TV
Jan. 18, 2023 Nigeria’s debt trajectory is sustainable the country’s finance minister said on Wednesday, adding that it planned to bring its key debt service-to-revenue ratio down sharply this year…
Nigeria’s Debt Expected To Hit N77trn – DMO
January 5, 2023 Nigeria’s debt is expected to hit N77 trillion in the coming year, according to the Debt Management Office (DMO). Channels Television reports that the Director General of…
FEC approves Finance Bill 2022, N9.24bn insurance cover for govt. agencies, military, others
December 14, 2022 The Federal Executive Council (FEC) has approved the Finance Bill 2022 designed to support the implementation of the 2023 budget. Hajia Zainab Ahmed, Minister of Finance, Budget…
Nigeria requires N3.5trn investment commitments for 2021-2025 development plan – Minister
October 7, 2022 Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed says N348.1 trillion investment commitment is required for the successful implementation of the 2021-2025 National Development Plan…
Dwindling revenue: Senate to reduce 6trn proposed import duties waiver by 50%
September 14, 2022 The Senate will reduce the import duties waivers proposed for the N19.76trillion 2023 budget with attendant deficit of N12.4trillion. The Chairman, Senate Committee on Finance, Sen. Solomon…