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All posts tagged "Ministry of Finance"

  • DMO to ensure judicious use of $1bn Eurobond

    The Director-General, the Debt Management Office, Dr. Abraham Nwankwo, has said the power projects for which the country recently secured a $1bn Eurobond will be judiciously monitored. The $1bn Eurobond offering meant to finance power projects was...

    • Posted August 25, 2013
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  • 2013 budget: Capital releases hit N850bn

    The Federal Government on Thursday released a fresh N250bn to Ministries, Departments and Agencies for the implementation of their third quarter capital projects captured in the 2013 budget. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, confirmed the...

    • Posted August 24, 2013
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  • FG pays oil marketers N192.5bn

    The Federal Ministry of Finance has paid petroleum products marketers N192,502,279,966.50, this year. A statement by Mr. Paul Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday, in...

    • Posted June 18, 2013
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  • FG uncovers N58bn unremitted revenue

    Ministry of Finance has traced N58 billion unremitted revenue of the Federal Government to various bank accounts. It said the funds were ‘hidden’ by unscrupulous bank managers and collaborators in ministries, departments and agencies. The Coordinating Minister...

    • Posted June 14, 2013
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  • FG to begin construction of 700mw Zungeru Hydro Plant

    Work is expected to commence fully on construction of the 700 megawatts (MW) Zungeru Hydroelectric Power Plant, which President Goodluck Jonathan would perform turning of the sod tomorrow. The plant which is expected to be completed in...

    • Posted May 27, 2013
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  • Customs admits revenue leakages, as waivers threaten N1.4tr revenue target

    Revenue leakages in the system, duty waivers and concessions granted by the Federal Government now pose serious threat to achievement of the N1. 4 trillion revenue target set for the Nigeria Customs Service for the 2013 fiscal year....

    • Posted April 28, 2013
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  • Abia state introduces new methods to improve internal revenue

    UMUAHIA- To improve its internally generated revenue and abolish double taxation, Abia state Government has introduced a revenue generating method known as Consolidated Assets and Resources Inventory System . The system entails the enumeration of all buildings...

    • Posted April 11, 2013
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  • Anxiety as Senators, Reps refuse Jonathan’s request to alter budget

    Anxiety gripped presidency officials and caucus leaders of the Peoples Democratic Party, PDP, in the National Assembly, yesterday, following the rejection of the alterations sought by the presidency into the N4.798 trillion 2013 budget. The legislators at...

    • Posted February 13, 2013
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  • Finance Ministry Says Subsidy Payments Getting Out of Control

    The Federal Ministry of Finance has stopped paying subsidy claims from oil marketers who have not been properly verified. This comes at a time when the Federal Government has disclosed that it has spent N 451 billion...

    • Posted May 30, 2012
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  • FG Revokes Single Window Systems N 4.5 trillion Contract

    After much controversy centering on allegations of corruption and impropriety, the Federal Government has terminated the contract awarded to Single Window Systems and Technology Limited. The contract which allowed for a sole submission point for importers and...

    • Posted February 1, 2012
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