Tag: Finance Minister
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Reps summon finance minister, power, BPE others over planned sale of power plants
The House of Representatives has summoned the Ministers of Finance, budget and National Planning, the Minister of Power, over the planned sale of five power plants belonging to the three tiers of government. Others summoned are the Director General for the Bureau for Public Enterprise (BPE), and the Managing Directors of the Niger Delta Power…
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Reps Cttee summons Finance, Petroleum Ministers, others over state of refineries
The House of Representatives Ad hoc Committee investigating the state of refineries in the county, has summoned the Minister of State for Petroleum Resources to appear before the committee on Thursday, March 31. The committee also summoned the Minister of Finance, Budget and National Planning, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC)…
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Babangida mourns former Minister, Chu Okongwu, says his death is a painful pang
Babangida mourns former Minister, Chu Okongwu, says his death is a painful pang
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Tax on carbonated drinks to increase in 2022-Finance minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed has said a possible upsurge in the taxation on carbonated drinks, which would lead to a price increase. She said this at the Public Presentation and Breakdown of the Highlights of the 2022 Appropriation Bill on Friday in Abuja, saying that it will be part…
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Insecurity: Finance Minister counters claims of underfunding, says Nigerian Army received N1.08tr in 28 months
The Nigerian Army got N1,008.84 trillion as budget releases between January 2019 and this year’s first quarter, Finance, Budget and National Planning Minister Hajiya Zainab Ahmed told the Senate on Tuesday. Mrs. Ahmed made the revelation when she appeared before the Senator Mohammed Ali Ndume-led Senate Committee on Army. Citing a letter from the Chief…
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Tanzanian president picks Finance Minister Mpango as VP
Tanzanian President Samia Suluhu Hassan on Tuesday appointed Minister for Finance and Planning Philip Mpango as the country’s Vice-President. The appointment of Mpango as Vice-President was unanimously approved by the parliament sitting in the capital Dodoma. Speaker of the National Assembly Job Ndugai announced that Mpango got 363 votes from all the Members of Parliament…
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Senate summons Finance Minister, CBN, EFCC, ICPC, others
The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to brief it on measures put in place to curb revenue leakages through tax evasion and money laundering activities by international oil companies (IOCs), proceeds of corruption and other criminal activities involving illicit financial flows. Also to appear before the…
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Court voids Finance Minister’s power to amend Taxes, Levies Act
A Federal High Court sitting in Lagos Wednesday voided the Minister of Finance’s power to amend the Taxes and Levies (Approved List for Collection) Act 2004. Justice Ayokunle Faji held that “any purported amendment” to the Act 2004 by the Minister, “is null, void and unconstitutional.” The judge upheld the argument of The Registered Trustees…
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Nigeria Suspends borrowing $22.7bn external loan, Finance Minister gives reasons
As the global economy continues to feel the effects of the coronavirus, the federal government has disclosed its plans to suspend the proposed borrowing $22.7 billion from external sources by President Muhammadu Buhari. Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, made this announcement on Monday during this year’s International Conference on the…