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Browsing the "Finance" Category

The Minister for Finance Ngozi Okonjo-Iweala

Okonjo-Iweala Blasts Governors For Depleting Nigeria’s Huge Savings.

The Minister for Finance, Ngozi Okonjo-Iweala, says Nigerians should hold the governors of the 36 states of the federation responsible for depleting the excess crude revenue account from $20billion in 2003 to about $3.6billion today. The minister said Nigeria was [...]

June 18, 2013 Finance
Coordinating-Minister-for-the-economy-and-Minister-of-Finance-Dr.-Ngozi-Okonjo-Iweala picture

FG probes 21 banks over Federation Account remittances BY EVEREST AMAEFULE

The Federal Government on Thursday empowered 53 consultants to verify remittances to the Federation Account by the 21 banks hired by the Federal Inland Revenue Service and the Nigeria Custom Service. The verification and reconciliation exercise will cover a period [...]

June 3, 2013 Finance
okonjo-iweala-picture on fuel subsidy

Govt recovers N14 billion from subsidy fraud MOHAMMED ABUBAKAR

THE Federal Government has recovered over N14 billion, sequel to audit exercise conducted on fuel subsidy claims. [viralpullquote ]THE Federal Government has recovered over N14 billion, sequel to audit exercise conducted on fuel subsidy claims.[/viralpullquote] The audit exercise was part [...]

June 3, 2013 Finance
president-goodluck-jonathan

No urgency to pass budget amendments —NASS

The House of Representatives has said the amendments proposed by President Goodluck Jonathan to the 2013 budget are not issues requiring urgent consideration. [viralpullquote ]The House of Representatives has said the amendments proposed by President Goodluck Jonathan to the 2013 [...]

June 3, 2013 Finance
Okonjo-Iweala

External reserves now $50b, says Okonjo-Iweala

Nigeria’s foreign reserve has hit about $50 billion, the Coordinating  Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala revealed  and declared Nigeria as Africa’s current best investmentdestination “With a foreign reserve of nearly 50 billion dollars, a stable exchange rate, strong banking sector, massive [...]

May 4, 2013 Finance