Finance

August 15, 2016

Interview: How BudgIT is bringing down the walls

In four years, BudgIT has revolutionized the Nigerian public data and budgeting system with easily accessible creatives such as infographics, Apps, interactive website, social media. BudgIT has stimulated public interest and awareness in government budget, finance and expenditure. Through attracting creatives, BudgIT has broken down the complexities around government budgets and engendered discussion on government... Read More

accountability, budget, Budgit, Finance, government, Impact365, NASS, transparency

August 12, 2016

The Media Blog: Financial TV? Arese Ugwu is all over that

Arese Ugwu is a money blogger (sounds suspiciously like ‘money doubler’) and building a personal financial platform (Smart Money Africa) targeted at young people – especially young women. And this has clearly been her year if you pay attention to Instagram. First she hosted a finance workshop targeted at young women that hosted almost a... Read More

Arese Ugwu, blogger, Bloomberg TV, Finance, guardian tv, Smart Money Africa, The Media Blog, TMB, Tunji Andrews

August 11, 2016

THE YNAIJA TRACKLIST: Jonathan created Avengers | Hunger and poverty killing Nigerians | Obama founded ISIS- Trump | More

From the papers this morning- a tracklist RNDA holds Jonathan responsible for the formation of Niger Delta Avengers- YNaija Sheriff jettisons PDP reconciliation moves 6 days to National convention- Nation Poverty, hunger killing Nigerians, Shehu Sani has a lot to say- Premium Times Nigeria needs to be on the lookout for Ebola, Lassa fever- Punch... Read More

APC, Buhari, economy, Fawehinmi, Finance, News, nigeria, PDP, Presidency

August 11, 2016

According to Adeosun, this is why Nigeria should change its tax laws

The Minister of Finance, Kemi Adeosun, on Wednesday, said that Nigeria’s tax policy needs to be overhauled because of the low tax to Gross Domestic Product (GDP). Adeosun, who stated this while inaugurating a tax review committee in Abuja, pointed out that Nigeria has one of the lowest tax to GDP ration in the world.... Read More

adeosun, economy, Finance, GDP, growth, nigeria, tax laws

Kemi-Adeosun-YNaija

Opinion: There is no concrete action plan for Nigeria’s economy

The Minister of Finance, Mrs. Kemi Adeosun has finally confessed that the Nigerian economy is in recession even though I had argued that the economy was already in recession in my article titled “Nigeria’s economy is finally in recession” and which was published by an online newspaper on 16 March 2015. ‎Although the Minister of... Read More

CBN, Finance, Forex, Godwin Emefiele, kemi Adeosun, Muhammadu Buhari, Niger Delta, nigeria, Oil and Gas

THE YNAIJA TRACKLIST: FG admits Nigeria is in a recession | Jibrin blows open legislative secrets | US presidential election build up gets more interesting | More

FG admits Nigeria is technically in a recession but remains confident of growth YNaija EFCC gives breakdown of how recovered loot has been spent so far YNaija Sacked Jibrin says Dogara tried to pad the budget with N40billion Guardian Obasanjo thinks Nigeria’s system has failed totally, advocates for an overhaul YNaija Fayose’s friend, Agbele is... Read More

dino melaye, Dogara, economy, Finance, Jibrin, kemi Adeosun, recession, Remi Tinubu, Saraki, senate, tracklist

The Big 5: These are the stories you should be monitoring today

Here are the top five stories to monitor today 1. Melaye, Tinubu reconcile The President Of the Senate, Bukola Saraki brokered peace between Senators, Oluremi Tinubu and Dino Melaye. 2. Crime suspects handed over to the police are being released – Naval chief Chief of Naval Staff, Vice Admiral, Ibok-Ete Ibas, has accused the police of setting... Read More

adeosun, EFCC, FG, Finance, Melaye, Navy, police, ribadu, Saraki, senate, Tinubu

Nigeria owes ECOWAS $694,000 in levies, dues

Nigeria is owing the Economic Community of West African States (ECOWAS) a year’s worth of levies amounting to $694, 000, the regional organization says. According to PRNigeria, ECOWAS is facing financial difficulties over non-payment of dues and other levies. Recently the Vice President of the ECOWAS Court of Justice, Justice Micah Wright, was quoted to have said... Read More

debt, ECOWAS, FG, Finance, Nigeroa, region

Babajide Ajidagba: Much ado about Brexit (Y! Naira&Kobo)

By Babajide Ajidagba I must say that I have found the hysteria around Britain’s decision to leave the EU very amusing. Some of the comments made by persons thousands of miles away (*sideeye* John Kerry, Reuben Abati etc) have been quite comical. First, let me say I voted for Britain to leave and I’ve explained my... Read More

Brexit, EU, Finance, kobo, market, niara, uk

AskCharlesOnY!: What to know about starting a business in a bad economy

By Charles Odii Week 2 of #AskCharlesOnY! Dear Charles, Question: I’m currently employed in the Financial Services Sector and I’m sure you must have heard of the recent mass sacking in the banking sector. Even though I was not affected, I have started to think critically about starting something of my own as there isn’t any... Read More

benefits, Business, Charles Odii, entreprenuership, Finance, Job, risk, security

Kalu AJa: What you should know about the ‘Financial Life Cycle’ (Y! Naira&Kobo)

By Kalu Aja So we have looked at planning networking and budgeting, let’s look at the Financial Life Cycle. If you had N100k, and you wish to invest it, where should you put it? First you have to answer three basic questions How old are you? What level of risk can you take? What is... Read More

bond, capital, cost, Finance, investment, Kalu Aja, naira&kobo, planning

‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

The Federal Government will cease disbursing the N90 billion conditional loan to state governments any month the allocation from the federation account goes above N500 billion. According to the Special Adviser on Media to the Minister of Finance, Festus Akanbi, who spoke with The Punch, it would be unwise for the federal government to continue disbursing... Read More

adeosun, Allocation, Finance, Minister, revenue, states

’41 deportees, N22bn worth of drugs…’ | The 7 numbers that mattered last week

Every week, different figures make news headlines. While some numbers are bereft of impact in the general scheme of things, a few others tend to be significant, and as such they stand out. In essence, they are important and should matter. These are the numbers that mattered this week. 41 The number of Nigerians deported from... Read More

civil servants, Finance, Ngerians, numbers, Rent, ThisDay, week

Opinion: Over-employed civil servants and the siege at the Ministry of Finance

By Tonnie Iredia Last week, the Federal Ministry of Finance was effectively blocked for at least 3days from performing any of its duties. The act was carried out by the Ministry’s workers who were protesting the non-payment of what they called Special overtime allowances “due” to them. What greatly infuriated the workers was that the... Read More

adeosun, civil servants, Finance, FIRS, ministry, prtest

‘We won’t force people to surrender land for cattle grazing’ – FG

The Federal Government has said that there are no plans to seize anybody’s land for the implementation of the ranch development in Nigeria. The Minister of Agriculture and Rural Development, Audu Ogbeh, revealed this when a delegation from Oyo state government led by the Special Adviser on Projects to the Oyo State Governor, Tolu Shadipe... Read More

agriculture, Ajimobi, Audu Ogbeh, Finance, grazing, Oyo State, ranch, shadipe

Shocker: ‘Looters hide money in uncompleted buildings’ – EFCC boss

Due to the ongoing anti-corruption war, looters now hide their stolen monies in uncompleted buildings instead of banks, says the Acting Chairman of the Economic and Financial Crimes Commission. Speaking at a workshop entitled, the ‘Role of Professionals in the Fight Against Corruption’ in Abuja on Friday, the EFCC boss said corrupt persons are now... Read More

Featured, The News Blog

banks, BDC, EFCC, Finance, hide money, looters, Magu, nigeria, uncompleted building

FG approves new Debt Management Strategy [DETAILS]

The federal government, on Wednesday, announced that it has approved a new Debt Management Strategy for the country. This was disclosed by the Minister of Information and Culture, Alhaji Lai Mohammed; Minister of Finance, Kemi Adeosun; and the Minister of State, Budget and National Planning, Zainab Ahmed, while briefing newsmen after the federal executive council... Read More

Featured, The News Blog

adeosun, borrowing, budget, Dembt management strategy, FEC.Mohammed, FG, Finance

The 23 conditions states must meet before receiving N90bn loan

The Federal Government has indicated its readiness to release N90 billion loan facility to state governments to reduce their dependency on monthly allocations from the Federation Account. Finance Minister, Kemi Adeosun, while speaking at the Stakeholders Meeting held with Commissioners for Finance on the Fiscal Sustainability Plan (FSP), said, “The amount of the loan is N50billion for... Read More

90 billion loan, adeosun, Buhari, Finance, FIRS, Kemi, states, TSA

FG to support state governments financially… but the conditions are strict

The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any of the 36 states facing financial difficulties. This was contained in a statement made available by the Ministry of Finance. The states can only access... Read More

bailout, BVN, economy, Finance, funds, IGR, Ministry of Finance, states

Calixthus Okoruwa: Interrogating the gaps in Fashola’s power roadmap

by Calixthus Okoruwa The minister with responsibility for Nigeria’s pivotal power sector, Mr. Babatunde Fashola has recently released what he calls “a roadmap for change” in the sector. It is commendable that his effort in this arena will be underscored by planning and more so that he has chosen to share this plan with the... Read More

babatunde Fashola, Calixthus Okoruwa, Finance, housing, megawatts, nigeria, PHCN, Power, roadmap, TCN

Uzoma Erondu: Understanding the business of power Vs. the power of business (Naira&Kobo)

by Uzoma Erondu With the dire need for a long lasting solution in the power sector in Nigeria, most Nigerians struggle to understand why it takes so long to build a power plant. Power plants are huge projects, and as such either financed by Governments or through a PPP (Public Private Partnership) wherein private investors take... Read More

Commercial Operations Date, Finance, Ghana, Kainji Dam, naira&kobo, nigeria, Oil and Gas, olympics, Uzoma Erondu

Oluwatosin Olaseinde: On nation building during a recession (Naira&Kobo)

by Oluwatosin Olaseinde What do you see? Nigeria is at a brink of officially slipping into a recession. For that to occur, there has to be a significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is... Read More

budget, Finance, first quarter, GDP, GDP report, naira&kobo, oil output, Oluwatosin Olaseinde

Lai Mohammed, Adeosun passionately defend Buhari’s government (VIDEO)

The minister of Information and Culture, Lai Mohammed, and his counterpart from the Ministry of Finance, Kemi Adeosun, on Sunday, insisted that the federal government will fulfill all the promises made to Nigerians. The Ministers, who defended the policies of the Muhammadu Buhari administration, said this while speaking on Channels Television. “By this time last... Read More

365 days, adeosun, Buhari, channels tv, economy, Finance, information, lai mohammed, policies

Buhari returns home

The Late 5: These are the stories that drove the conversation today

Here are the five stories that drove the conversation today. 1) President Buhari’s biggest shock Speaking with newspaper executives and editors in Abuja, President Muhammadu Buhari stated that he was shocked when he was informed that oil would sell at $30 instead of $100. The President lamented that Nigeria has become an oil state, abandoning... Read More

APC, Buhari, D'banj, drones, Finance, NCAA, UAV

Why Minister of Finance can’t guarantee full budget implementation

The Minister of Finance, Kemi Adeosun, has said that there is no guarantee that the Federal Government would implement the 2016 budget in full. The minister, yesterday, was summoned alongside the governor of Central Bank of Nigeria, Godwin Emefiele by the National Assembly to give a reportage of the current situation of the country’s economy... Read More

Featured, The News Blog

2016, budget, Debate, Finance, kemi Adeosun, lawmakers, nigeria, senate, Tax

Oh, Fayose: ‘Even my government house doesn’t have fuel for generator’

Ekiti State Governor, Ayodele Fayose will not leave the news, he has apparently sworn. Today, he pleaded with the people of the state to show understanding for his inability to pay workers’ salaries. The governor, in a statewide broadcast explained to the people of the state that they only got N751million as allocation from the... Read More

Allocation, Ekiti, Fayose, Finance, Fulani, Government House, nlc, salary, strike

“Have you forgotten us?” | Graduate interns say Kemi Adeosun is owing them for 5 months

As civil servants are owed multiple months arrears worth of salaries, an intern of the Ministry of Finance Graduate Internship Scheme (GIS) has revealed that the graduates under the scheme are owed 5 months worth of allowances. In an open letter addressed to “The Honourable Minister, Federal Ministry of Finance (FMF)”, Ori Benjamin, the secretary... Read More

adeosun, employability, employment, Federal, Finance, Graduate Internship, ministry, nigeria, salary

Kemi-Adeosun-YNaija

The money the FG and states just shared is much smaller than last month’s

The Federal Government, State Governments and Local Government Councils will share N207.878 billion as Federal allocation for the month of April, 2016 with the Federal Government taking 52.68%, states 26.72% while local governments take 20.60% while a statutory 13% goes to oil producing states as derivation. The allocation was revealed in a communique released by... Read More

Featured, The News Blog

adeosun, Buhari, economy, Federal, FG, Finance, Local Government, nigeria, State Government

Senate wants Adeosun and Emefiele to explain why the economy is in a mess

The Senate has requested the presence of the Minister of Finance, Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele before it to explain the current state of the country’s economy to the senators. The Senate today discussed the current state of the country’s economy after the Chairman, Senate Committee... Read More

adeosun, CBN, dollars, economy, Finance, Forex, naira, recession, Saraki, senate, senators

Kemi-Adeosun-YNaija

They have found 43,000 ghosts in Nigeria’s security agencies

According to the Head of the Continuous Audit team of the Federal Government, Mohammed Dikwa, about 43,000 ghost workers have been discovered in the payroll of security agencies in the country. Dikwa revealed this yesterday in a meeting with the Minister of Finance, Kemi Adeosun and the heads of para-military agencies in Abuja. Dikwa said... Read More

adeosun, Buhari, Dikwa, FG, Finance, Ghost workers, Kemi, Military

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