Category: BUSINESS

….to generate 36MW of power The Federal Government at the weekend, expressed excitement over firm’s $600 million (N183 billion) investment in an integrated iron ore mining processing and steel production. This was disclosed by the Minister of Finance, Zainab Shamsuna Ahmed, during a meeting with the firm, African Natural Resources and Mines Limited, in Kagarko Local Government Area of Kaduna State, led by Mr Raj Gupta. According to a statement by the Minister’s Spacial Adviser on Media and Communications, Mr Paul Ella Abechi, the investment will boost the solid minerals…

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re:publica, Europes largest conference on digital and social topics, is set to be hosted in Accra, Ghana and for the first time in Africa. The event which is set to host politicians, entrepreneurs, bloggers, scientists and activists will be held at the Round Pavilion at the Trade Fair in Accra on 14 & 15 December 2018 under the theme: NEXT LEVEL. Notable among speakers to participate at the 2 days event are Prof Nii Quaynor, Farida Bemba Nabourema, Yemisi Adegoke, Wanlov The Kubolor, Kwame A.A Opoku, Jemila Abdulai, Kwame Acheampong,…

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The Minister of Finance, Mrs Zainab Shamsuna Ahmed, has disclosed that Kaduna State since inception of the Federal Government’s National Social Investment Programme (NSIP), has benefited over ₦13.5 billion, adding that President Muhammadu Buhari is leading the revolutionary process of unprecedented infrastructural development and the largest social investment programme in Nigeria’s history. Mrs Ahmed made this known at the weekend at the Federal College of Education, Zaria during the disbursement of empowerment funds to women of Zone 1 of Kaduna State, noted that the Kaduna State Women Empowerment Fund (KADSWEF),…

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The Minister of Finance, Mrs Zainab Shamsuna Ahmed, on Monday urged the newly inaugurated Tax Appeal Tribunal (TAT) Commissioners “to discharge their duties with high level of professionalism, integrity, diligence and fairness to all parties”. The Minister of Finance, who stated this while inaugurating the new commissioners in Abuja, also implored the commissioners to avoid unnecessary delays and adjournment of cases and that their decisions should be in line with tax laws. A statement by the special adviser to the Minister of Finance on media and communications, Mr Paul Ella…

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The Federal Government Friday, assured Ministers of member countries of the Economic Community of West African State (ECOWAS), on support for regional common tariff and customs union towards trade liberalisation, industrialisation and integration. This was stated in the welcome remarks by the Minister of Finance, Mrs Zainab Shamsuna Ahmed, at the 4th ECOWAS Finance Ministers’ Meeting in Abuja, with theme, ‘Information Exchange and Cooperation Amongst Customs Administrations as a Concerted Response to Obstacles to the Free Movement of Goods, Security Challenges and the Resurgence of Illicit Trafficking’. She also noted…

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The Federal, states and local governments on Thursday shared a total of N698.710 billion for the month of September 2018 in Abuja. The gross statutory revenue for the month was N569.281 billion, which was lower than the N627.139 billion shared in August by N57.858 billion. The Minister of Finance, Mrs Zainab Shamsuna Ahmed, who presided over the monthly Federation Account Allocation Committee (FAAC) meeting welcomed members and stressed on the need for the three tiers of government to save. A statement by the special adviser to the minister of finance…

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The Minister of Finance, Mrs Zainab Shamsuna Ahmed has said the 2019 general elections will not hamper on its Economic Recovery Growth Plan (ERGP) target of 2020, saying the Federal Government is committed and focused on delivering on the set goals. The Minister, stated this on Tuesday, while speaking as a panelist on the sustainable economic opportunities for Nigeria at the ongoing 24th Nigerian Economic Summit in Abuja. She said the federal government is aware of the sense of urgency and the need for consistency for a sustainable growth of…

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In fulfillment of President Muhammadu Buhari’s commitment to ensure all pensioners get their entitlements, the federal government has conclude plans to begin monthly payments of 9,215 NITEL/Mtel ex-workers captured by the Pension Transitional Arrangement Directorate (PTAD). The Minister of Finance, Mrs Zainab Shamsuna Ahmed, who’s ministry supervises PTAD, said the development was in line with the directives and approval of Mr President and the administration’s determination to improve the lives of the pensioners  after waiting for 12 years. The Minister assured that the resources for the monthly payment of the…

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The federal government has extended the ongoing verification exercise of Nigeria Airways Limited former workers and assured that the exercise will not end until everybody is captured. The Minister of Finance, Mrs Zainab Shamsuna Ahmed, stated this on Wednesday during her visit for on the spot assessment of the exercise across the three centres. She said additional desk has been made available to address all complaints. The centres are located in Kano, Enugu and Lagos. The Minister, who was represented by the secretary, Presidential Initiative on Continuous Audit (PICA), Dr…

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The Minister of Finance, Mrs Zainab Ahmed has said Nigeria is discussing the possibility of increasing its shareholding with AFREXIM Bank. Mrs Ahmed made this known in a statement signed by the special adviser on media and communications, Paul Ella Abechi. The statement, which quoted the minister during a meeting with the President, African Export-Import Bank, Prof Okey Oramah on the sidelines of the IMF/World Bank Annual Meeting 2018 said, Nigeria currently owns 40 per cent shares in the bank. She said, “We have met with a delegation of Afrexim…

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