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Nigeria Lagging Behind in $2trn Islamic Finance Market – Minister

Godsgift Onyedinefu Zainab Ahmed, Minister of Finance,  Budget and National Planning says the penetration of Islamic financing in Nigeria is low and remains insignificant in the over $2 trillion global market, despite potentials to drive a more competitive economy.  To this end, the Minister said,  Nigeria  needs significant financial sector reforms that

FG begins new vehicle registry system to tackle insecurity

Godsgift Onyedinefu  Minister of finance, budget and national planning, Zainab Ahmed, on Thursday said the pilot phase of the new National Vehicle Registry (VERG) automated gateway portal has begun in Lagos state, aimed at increasing national revenue, curb smuggling and other criminal activities. The minister explained that VERG is the centralized database

Recovered Loot: SERAP Asks FG to Account for N800bn, Investigate Alleged Payments of N51bn into Individual Accounts

•Demands publishing if a comprehensive list of names of people from whom N800 billion in looted funds have been recovered John Anyim   The Socio-Economic Rights and Accountability Project, (SERAP) has sent a Freedom of Information Act (FoI) request to President Muhammadu Buhari asking him “to direct Mr Abubakar Malami, SAN, Attorney

N4.5tr Budget Deficit May Trigger Fresh Recession, Minister Warns

John Anyim With the deficit financing of the revised N10.509 trillion 2020 budget rising from N1.847 trillion to N4.563 trillion, the economy might be heading for another recession, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has warned. She expressed the fear yesterday in Abuja during a session with

NYSC members will earn new minimum wage, says Minister

The Minister of Finance, Mrs Zainab Ahmed has said that members of the National Youth Service Corps  (NYSC) would earn the new minimum wage of N30,000. She said this during a media briefing on the activities of her ministry on Thursday, in Abuja. Ahmed said that the financial implications of the new minimum

Nigerian Oil Region Crisis Threatens Buhari’s Economic Plans

By Dulue Mbachu and Elisha Bala-Gbogbo Fresh from his comfortable re-election, Nigerian President Muhammadu Buhari faces a huge hurdle to keep his vow to end the economy’s addiction to oil: win a lasting peace in the crude-rich Niger River delta. The 76-year-old former military ruler will have to score a breakthrough that’s eluded previous governments