NIGERIA'S finance minister Zainab Ahmed has revealed that the federal government has no plans for mass redundancies or to lay off thousands of public sector workers as part of a programme to reduce expenditure.
Like many countries at the moment, Nigeria is struggling to balance her books in the hostile post-coronavirus era...
GOVERNMENT ministers have said they are not panicking about the fact that Nigeria's debt-to-gross domestic product (GDP) ratio has ballooned to 33% as a result of increased borrowing brought about by the coronavirus pandemic.
Due to the global pandemic, Nigeria has had to resort to heavy borrowing, with as much as a third of...
NIGERIA'S finance minister Zainab Ahmed has announced plans to enter into an out-of-court settlement with Nigeria's 36 states over the vexed issue of value added tax (Vat) that is currently turning into a fierce legal battle.
In a recent landmark judgment, a federal high court in Rivers State, ruled that it was...
NIGERIA'S finance minister Zainab Ahmed has asked for significant financial sector reforms that will enable the growth of Islamic finance in the economy as part of the search for investment capital required to develop infrastructure and boost manufacturing.
Despite having a massive population of over 200m people, Nigeria's...
WORLD Bank officials have decried the continued spending by the Nigerian government on petrol subsidy which is on track to gobble up N2.9tn ($7bn) this year which economists say could be better spent on social programmes and infrastructure.
Speaking at a panel session during the 27th National Economic Summit in Abuja,...
Ayo Akinfe
Its members would be:
Yemi Osinbajo - Chair
Zainab Ahmed - Vice chair
Lamido Sanusi
Charles Soludo
Kingsley Moghalu
Pat Utomi
Arunma Oteh
Yewande Sadiku
Godwin Emefiele
Adeniyi Adebayo
Its mandate would be simple:
You make all economic and investment decisions and...
AFRICAN Development Bank (AfDB) is planning to mobilise $520m to co-finance the first phase of an ambitious special agricultural processing programme in Nigeria aimed at boosting farm output.
Designed to be part of a major economic diversification plan that involves the founding of special agro-industrial processing zones,...
NIGERIA'S revenue-to-gross domestic product (GDP) ratio has fallen to about 5% over the last year making one of the lowest on the planet according to a recent report just published by the World Bank.
Speaking during a panel session at a virtual public sector seminar with the theme Nigeria in challenging times: Imperatives...
PRESIDENT Muhammadu Buhari has approved the appointment of Nigerian Dr Mahmoud Isa-Dutse as an executive director on the board of the Islamic Development Bank (IsDB) based in the Saudi Arabian city of Jedda.
Dr Dutse is the immediate past permanent secretary of the Federal Ministry of Finance, Budget and National Planning....
NIGERIA enjoyed a N318bn ($832.21m) increase in revenue during the month of February as a result of a rally in global oil prices as the production cuts introduced by the Organisation of Petroleum Exporting Countries (Opec) is having a positive effect on the market.
Heavily dependent on crude oil for survival, Nigeria lives...
