‘FG spends N165bn every month on salaries and allowances’ -Adeosun

The Minister of Finance, Kemi Adeosun, on today disclosed that the Nigerian government spends N165 billion on salaries and allowances per month. Adeosun stated this during a joint meeting with the security chiefs of paramilitary agencies under the Ministry of Interior on continuous audit and moving from manual to automated payment system. The Minister noted... Read More

The News Blog

adeosun, allowances, FG, Finance, Military, Minister, monthly, salaries

May 23, 2016

Union Bank’s rebrand wins two international awards

Union Bank’s new brand identity which was unveiled in October 2015 has won two Gold awards at the Transform Awards MENA 2016 held at the Waldorf Astoria Hotel, Dubai, on May 18, 2016. Union Bank won the award for ‘Best Brand Development To Reflect Changed Mission/Vision/Positioning’ beating Abu Dhabi Sports Council, Bank Al Bilad, Gulf... Read More

17,173 jobs created in one year -Delta government

While the national rate of employment is declining, one state has good news. The Delta State Governor, Ifeanyi Okowa,on Monday, disclosed that his administration had in the last year created 17, 173 jobs. The Governor said this while speaking with news men at a press conference in Asaba, the Delta state capital. Okowa, who presented... Read More

The News Blog

17, 173 jobs, Asaba, delta state, Finance, MDAs, Okowa, one year

May 22, 2016

Court orders Okonjo-Iweala, Jonathan to account for ‘missing’ N30 trillion

The Federal High Court in Lagos has ruled that Ngozi Okonjo-Iweala, and the Federal Government are to “provide information on the spending of the alleged missing N30 trillion which represents some accruable income to the Federal Government during the last four years of the administration of former President Goodluck Jonathan.” The judgement, delivered by Justice... Read More

The News Blog

APC, civil group, Finance, jonathan, justcie, law, Minister, Okonjo-Iweala, PDP, SERAP, Soludo

May 21, 2016

Oil marketers demand forex from govt, else…

Following the payment of a total of N48.2 billion as arrears of outstanding 2015 subsidy claims to oil marketers, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has asked the government to make foreign exchange available so they can import fuel. The marketers made their request in a meeting which was chaired by the Minister... Read More

Featured, The News Blog

adeosun, Finance, Kemi, Marketers, Oil, subsidy

May 14, 2016

You can have business lunch with Ruff&Tumble’s Nike Ogunlesi next Saturday (DETAILS)

SME 100 Nigeria a social enterprise which aims to stimulate entrepreneurship among Young Africans by empowering and inspiring them through the facilitation of the five key requirements for business success: access to education, networks, mentoring, finance and market. In today’s business world, there is a common trend developing more and more of young Entrepreneurs cutting... Read More

Why the FG is probing the Navy, Army and Airforce

The Federal Government has revealed its decision to probe the Army, the Navy and the Air Force. According to the Federal Ministry of Finance on Thursday, May 12, it became necessary to investigate the payrolls following the revelation during the trial of a former Chief of Defence Staff, Air Marshal Alex Badeh that N558.2 million was reportedly... Read More

The News Blog

adeosun, airforce, army, Buhari, corruption, Finance, Navy, PROBE

March 10, 2016

Opinion: How we sacrificed the messenger for corruption to live

On February 20, 2016, at a press briefing, Nigeria’s Minister for Finance, Mrs Kemi Adeosun, reportedly made an error in arithmetic. While giving a report on the findings of auditors on various boards in the country, she accused an examination bodies in Nigeria of fraudulent activities. In her presentation, while attempting to give her audience... Read More

adeosun, corruption, examination, Finance, WAEC

January 5, 2016

IMF boss, Lagarde didn’t meet with President Buhari to negotiate a loan – See why she visited

The global fall in the price of oil hit Nigeria quite badly and has give rise to a revenue shortfall for the nation. This has resulted in the Federal Government proposing to borrow to the tune of trillions to sustain the economy of the country. However, on Tuesday, January 5, Christine Lagarde, managing director, International Monetary Fund said... Read More

The News Blog

economy, Federal Government, Finance, IMF

December 13, 2015

Is Nigeria truly broke? See how much the country made and spent in the past few months

According to the Medium Term Expenditure Framework and Fiscal Strategy Paper (2016-2018) sent by the president to the National Assembly, the Federal Government has spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget in nine months. The spending of the government in the last nine months have largely been on recurrent expenditures while... Read More

The News Blog

Buhari, economy, Federal Government, Finance, fiscal, Ministry of Finance, money, naira, Oil, revenue

July 27, 2015

Retirement and Savings: 5 reasons why you should start early

When you hear about retirement and savings what comes to your mind? So many people especially young people, do not think about retirement but it is important that they start as early as they can to plan for it. Everyone wants to live to a good, old age. As we get older though, we eventually... Read More

Managing your Money: Four practical tips that will help you stay out of debt

Today, we’re going to talk about managing your money. But first, let’s get some basic definitions out of the way. Money is used to measure value and is given in exchange for goods and services. Money can be in the form of coins or notes. Gold, real estate, stocks & shares, a deposit in a... Read More

NGF asks Okonjo-Iweala to account for N20billion

by Ranti Joseph It seems he minister of finance and coordinating minister of the economy, Ngozi Okonjo-Iweala still has some query to address. The thirty- Six State Governors under the aegis of Nigeria Governors’s Forum (NGF) has asked Okonjo- Iweala as a matter of urgency to account for the money that were accruable to the... Read More

economy, Excess Crude Account, Finance, NGF, Okonjo-Iweala

January 29, 2015

Facebook now has 1.39 billion active users monthly

by Muyiwa Matuluko Announcing 2014 fourth quarter earnings yesterday, Facebook revealed that it now has 1.39 billion monthly active users and 1.19 mobile monthly users. That’s up by 13% and 26%, year on year. The social network giant also revealed that is now has 890 million daily active users and 745 million mobile daily active... Read More

facebook, Finance, mobile, mobile-only, quarterly earnings

October 21, 2014

@GovAyoFayose can lie o: See how we breakdown his comments about #Ekiti’s debt profile

by Tunji Andrews The nation Nigeria on Thursday, took another leap forward in achieving it’s democratic potential as Ayodele Fayose was sworn in as the 4th democratically elected Governor of Ekiti State at the Olu Kayode Stadium in Ado Ekiti. With so much to look forward to, the people of Ekiti looked on with hope... Read More

The News Blog

Ayo Fayose, CBN, Debt Management Office, Ekiti State, Finance, Kayode Fayemi, nigeria

October 14, 2014

Can the new @cenbank policies strenghten the banks?

by Tunji Andrews The Central Bank Governor, Mr Godwin Emefiele, has announced that the apex bank would continue to make policies that would strengthen the nation’s banking sector. Emefiele said this in Washington DC when he briefed newsmen on the outcomes of the Annual Meetings of the World Bank and IMF in Washington DC. This... Read More

The News Blog

banking, central bank of Nigeria, Finance, Godwin Emefiele, Washington D.C

September 22, 2014

No bank verification number, no transactions, as @cenbank sets deadline

by Tunji Andrews In a circular by the Central Bank of Nigeria, the regulatory body has made it’s intention to accelerate the Bank Verification Number (BVN) Project in February 2014, which is being sponsored by the Bankers Committee. The CBN in its efforts in the development of a safe, reliable and efficient payments system in... Read More

The News Blog

banks, CBN, Dipo Fatokun, Finance, monetary policy

September 12, 2014

Paul Nwabuikwu: The lies of a disappointed man, Temitope Oshikoya

by Paul Nwabuikwu It is a shame that someone with the credentials of Dr Temitope Oshikoya would display the kind of dishonesty and moral turpitude present in his article, “Golden Girl and the Icarus Paradox” published in The Guardian of Monday, September 8, 2014. The article is a commentary on the ongoing recruitment process for CEO... Read More

DFID, Finance, Hassan Usman, ngozi okonjo iweala, nigeria, NMRC, Paul Nwabiukwu, Temitope Oshikoya, World Bank

August 22, 2014

How the CBN is explaining the reintroduction of ATM charges

by Tunji Andrews The Central Bank of Nigeria has said that the introduction of the N65 charge on “Remote on us” transactions, is in the long term interests of customers, as it would ensure healthy competition amongst ATM deployed, leading to better service delivery. This was announced by Ibrahim Mu’azu, who appears to be holding... Read More

atm, banking, CBN, Finance, gtb, Ibrahim Mu'azu, nigeria, Ugochukwu Okoroafor, Zenith bank

August 15, 2014

All hail the Bankers’ Governor!

by Tunji Andrews The emergence of Godwin Emiefele as the 11th governor of the central bank of Nigeria (CBN), marked the end of probably the most controversial CBN governorship in Nigeria. The man Emefiele succeeded, Mallam Sanusi Lamido Sanusi (now Emir of Kano)- was on suspension, months before his first tenure in office was even... Read More

atm, BDC, CBN, Finance, Godwin Emefiele, interest rates, Nejeeb Bello, nigeria, Sanusi Lamido, Zenith bank

August 11, 2014

RED is hiring: Are you ready to change the world? This is your chance to show us what you’ve got

by Kolapo Olapoju Are you ready change the world, do the heavy lifting, no matter how tough it gets? Be passionate about the media, how it can empower and drive the conversation, and how we can change the world, but be ready to work incredibly hard! A job at RED is unlike anything you’ve... Read More

communication, Finance, hiring, lagos, London, marketing, Red Media

May 31, 2014

Listen & learn: 7 things standing in the way of achieving your dreams

by Alicia Fannin Achieving your dreams can be a challenge but it shouldn’t seem impossible. However, sometimes it seems there are insurmountable things standing in the way of achieving your dreams. If you can relate to that, this article is for you. It can offer you help and hope in achieving your dreams.... Read More

7 things standing in the way of achieving your dreams, achieving your dreams, achieving your goals, ambition, aspirations, busy schedules, confidence, dreams, failure, Finance, goals, hopes, money, motion, obstacles, Success, yourself

May 23, 2014

Just In: Pres. Jonathan signs 2014 Budget

by Akan Ido President Goodluck Jonathan has today signed the 2014 Budget. The Appropriation Act was passed by the National Assembly several weeks ago with the President delaying its to assent until today. Jonathan has, however, signed the law “after going through the statutory legislative processes.” The Information Minister, Labaran Maku, had last week told... Read More

2014 Budget, budget, economy, Finance, Goodluck Jonathan, ngozi okonjo iweala, nigeria, Politics

January 19, 2014

20 things you NEED to know about the new Nigerian mortgage policy (thanks, Feyi Fawehinmi!)

by Feyi Fawehinmi The best way to think of this is to imagine a market where the product being sold is mortgages. All the banks in Nigeria are currently retailers which means they sell the mortgages they have and when they run out of ‘stock’ they cant sell anymore. Lepa, how far? I’ve actually put... Read More

Feyi Fawehinmi, Finance, lepa, market, mortgage, nigeria, opinion, ynaija

September 26, 2013

Opinion: Oil theft – Now that Chatham House has vindicated the Ribadu Report

by Abdulaziz Abdulaziz The question is, now that Chatham House has vindicated Ribadu, will the Federal Government eat the humble pie to now act on the Ribadu Report to save Nigeria from this dire strait? The London-based independent think tank, Chatham House, has just released a damning report on the thriving oil theft in the... Read More

Chatham House report, crude oil, FAAC, Finance, nigeria, nuhu ribadu, report, Theft

September 12, 2013

“The story is a total fabrication”: Okonjo-Iweala says SaharaReporters lied over ThisDay newspapers sack (READ)

by Akan Ido The minister of finance and the coordinating minister of the economy, Ngozi Okonjo-Iweala has accused an online news publishing platform, SaharaReporters of carrying out a deliberate campaign of falsehood against her. In a statement signed by Paul C. Nwabuikwu, the Special Adviser to the minister, Okonjo-Iweala, who was accused of being instrumental to... Read More

Finance, Laurence Ani, Nduka Obaigbena, News, ngozi okonjo iweala, nigeria, Paul C Nwabuikwu, SaharaReporters, ThisDay

July 31, 2013

Gov. Fashola nominates Gbeleyi as new finance commissioner

by Oge Okonkwo Ayo Gbeleyi The Governor of Lagos State, Babatunde Fashola (SAN) has nominated Ayodeji Gbeleyi as the new commissioner for finance. Mr. Gbeleyi, is the Director-General of the State’s Office of Public – Private Partnerships (PPP) and currently the special adviser to Fashola on PPP. Mr. Ayodeji is a Fellow of the Chartered Accountants of Nigeria... Read More

Ayodeji Gbeleyi, babatunde Fashola, Chartered Accountants, commissioner, Fashola, Finance, Gbeleyi, nominates

April 22, 2013

Ijeoma Nwogwugwu: Instituting a culture of meritocracy

by Ijeoma Nwogwugwu …it is high time we jettisoned the quota system, federal character or political considerations in determining who should occupy certain critical agencies of government. Last Thursday, the Adhoc Committee on the Review of the Constitution of the House of Representatives, submitted its report on the Peoples Public Sessions conducted by the committee... Read More

Federal Character, Finance, FIRS, Ifueko Omoigui-Okauru, ijeoma nwogwugwu, INEC, ngozi okonjo iweala, nnpc, NPA

April 18, 2013

EFCC arrests Imo commissioner and accountant general for fraud

by Akan Ido Okafor Chike John, the Imo Commissioner for Finance and Eche Ezenna George, the state Accountant General have been arrested by men of the Economic and Financial Crimes Commission. Both men were picked up yesterday over petitions sent to the commission accusing the government officials of allegedly paying a construction company, JPROS International... Read More

Eche Ezenna George, Finance, Imo, Jude Agbaso, Okafor Chike John, Rochas Okorocha

April 12, 2013

The minister is late: Finance commissioners walk out of FAAC meeting in protest

by Isi Esene Commissioners of Finance from the 36 states of the federation, yesterday, protested against what they perceive as the unjust handling of the federation revenue by the Federal Government. The commissioners were said to have waited for the Minister of State for Finance, Dr. Yarima Ngama for hours before deciding to leave the... Read More

FAAC, Finance, Mohammed Nakoji, Yarima Ngama

‘FG spends N165bn every month on salaries and allowances’ -Adeosun

Union Bank’s rebrand wins two international awards

17,173 jobs created in one year -Delta government

Court orders Okonjo-Iweala, Jonathan to account for ‘missing’ N30 trillion

Oil marketers demand forex from govt, else…

You can have business lunch with Ruff&Tumble’s Nike Ogunlesi next Saturday (DETAILS)

Why the FG is probing the Navy, Army and Airforce

Opinion: How we sacrificed the messenger for corruption to live

IMF boss, Lagarde didn’t meet with President Buhari to negotiate a loan – See why she visited

Is Nigeria truly broke? See how much the country made and spent in the past few months

Retirement and Savings: 5 reasons why you should start early

Managing your Money: Four practical tips that will help you stay out of debt

NGF asks Okonjo-Iweala to account for N20billion

Facebook now has 1.39 billion active users monthly

@GovAyoFayose can lie o: See how we breakdown his comments about #Ekiti’s debt profile

Can the new @cenbank policies strenghten the banks?

No bank verification number, no transactions, as @cenbank sets deadline

Paul Nwabuikwu: The lies of a disappointed man, Temitope Oshikoya

How the CBN is explaining the reintroduction of ATM charges

All hail the Bankers’ Governor!

RED is hiring: Are you ready to change the world? This is your chance to show us what you’ve got

Listen & learn: 7 things standing in the way of achieving your dreams

Just In: Pres. Jonathan signs 2014 Budget

20 things you NEED to know about the new Nigerian mortgage policy (thanks, Feyi Fawehinmi!)

Opinion: Oil theft – Now that Chatham House has vindicated the Ribadu Report

“The story is a total fabrication”: Okonjo-Iweala says SaharaReporters lied over ThisDay newspapers sack (READ)

Gov. Fashola nominates Gbeleyi as new finance commissioner

Ijeoma Nwogwugwu: Instituting a culture of meritocracy

EFCC arrests Imo commissioner and accountant general for fraud

The minister is late: Finance commissioners walk out of FAAC meeting in protest

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