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Economy

House Committee On Finance, Again, Summons Okonjo-Iweala, Alison-Madueke, Sanusi

The House Committee on Finance on Monday February 2014 summoned the Finance Minister and Coordinating Minister for the Economy, Dr. Mrs. Ngozi Okonjo-Iweala, to...

Missing $20 Billion Oil Money: FG Set To Undertake Forensic Audit Of NNPC

To lay to rest the controversy over the exact amount the Nigerian National Petroleum Corporation (NNPC) is yet to remit into the Federation Account,...

‘Cost Of Managing The Naira Drops To N35 Billion’ – CBN Governor Sanusi

NAN - The Governor of the Central Bank of Nigeria (CBN), Malam Lamido Sanusi, on Wednesday in Lagos said the cost of managing the...

Cashless Policy To Commence Nationwide 1st July

The Bankers’ Committee Tuesday January 11th, resolved to extend the cashless policy to all states in the country from July 1, 2014. Speaking to journalists...

Kerosene Subsidy: NNPC Insists Presidential Order Was Reversed

The Nigerian National Petroleum Corporation (NNPC) has absolved itself of blame for flouting any presidential directive to discontinue the subsidy on kerosene as alleged...

CBN Releases New Guidelines For Mortgage Refinance Firms

Central Bank of Nigeria (CBN) has paved the way for full take off of mortgage refinancing in the country with the release of regulatory and supervisory...

High Recurrent Vote In 2014 Budget: Okonjo-Iweala Replies Critics

Minister of Finance and the Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, yesterday tackled critics of the 2014 budget, saying that the high recurrent...

‘You haven’t accounted for $20bn’ – Sanusi Attacks NNPC Again, Says Kerosene Subsidy Is A Scam

ABUJA—Central Bank Governor, Sanusi Lamido Sanusi, yesterday, told the Senate Committee on Finance that of the $67 billion crude oil sales that was supposed to be remitted to...

New Figure: CBN Governor Says NNPC Has Not Remitted $20 Billion In Oil Sales (DETAILS)

The Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) are into fresh war of words yesterday over the status of...

House Of Reps Seeks Further Clarification From Okonjo-Iweala On 50 Questions

The House of Representatives Committee on Finance remains on a collision course with the Coordinating Minister for the Economy (CME) and Minister of Finance,...

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