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Finance minister

Nigeria’s Finance Minister Promises a Level Playing Field for Global Investors

Speaking to a gathering of Indian investors at the G20 summit in India, Nigeria’s Finance Minister, Wale Edun, affirmed the government’s commitment to removing obstacles that hinder exchange rate and inflation stability for a level playing field for Global investors. In a

September 10, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the country’s fuel subsidy payment in six months will surpass the revenue earned from oil sources within 12 months. Ahmed said this at the public presentation on Wednesday, where she broke down the budget

January 5, 2023

Business·Currency

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

The Finance Minister, Zainab Ahmed, has asked the National Assembly to summon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the redesigned naira notes. Ahmed said the central bank chief did not consult with her ministry before informing

October 28, 2022

Business

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

The Debt Management Office (DMO) has refuted claims that Nigeria plans to restructure its debt, stating that the Finance Minister of the country, Zainab Ahmed, was misquoted. Bloomberg had reported that Ahmed stated Nigeria will reorganise its debt and extend repayment tenor through

October 14, 2022

Business

FG To Borrow N1.8 trillion From Foreign Creditors – Finance Minister, Zainab Ahmed

The Minister of finance, budget and national planning, Zainab Ahmed, says the Federal Government will borrow N9.32 trillion from domestic and foreign creditors to finance 2023 budget deficit. She stated that the federal government will borrow N1.8 trillion from foreign creditors, while the

August 30, 2022

Business

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government spent N283 per litre of Premium Motor Spirit (PMS) as fuel subsidy. This means Nigerian government spends N18.397 billion per day on fuel subsidy to keep

August 18, 2022

News

Lawan, Finance Minister, Others Hold Consultative Meeting Over 2023-2025 MTEF/FSP

The leadership of the National Assembly on Tuesday held a consultative meeting with the Minister of Finance and National Planning, Mrs. Zainab Ahmed over the draft 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The President of the Senate, Ahmad

July 27, 2022

Business·Finance & Economy

Gov’t Revenue Problem Worsens, As Debt Takes Over N1.63bn Turnover In 4 Months

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that revenue generation of the government for the first four months of this year fell behind Nigeria’s debt service. Debt service for the period of first quarter and April was

July 22, 2022

Business·Finance & Economy

Pres. Buhari To Spend N6.7 trillion On Fuel Subsidy In 12 months

Petrol subsidy will consume N6.7 trillion in 2023, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed, as suspension of removal remains in place. Ahmed said the payment of petrol subsidy is determined by two factors; business-as-usual or reform,

July 21, 2022

Business