Finance Archives - Wazobia Reporters Ng

Saudi to use $13.3bn corruption cash settlements to finance packages for citizens

Cash settlements obtained from people detained in Saudi Arabia’s crackdown on corruption will help to finance a 50 billion riyal (13.3 billion dollars) package for citizens to cope with the rising cost of living, Finance Minister Mohammed…
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Bitcoins, others like Ponzi scheme, India’s finance ministry warns investors

India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.” The ministry in a statement said cryptocurrencies are not…
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Maina didn’t receive salary after disengagement – Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Thursday, said the former Chairman, Pension Reform Task Force, Alhaji Abdulrasheed Maina, did not receive a salary from the government after his disengagement.
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FG Not Borrowing but Refinancing Existing Debts – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has explained that the federal government is not desirous of borrowing fresh loans, but seeking to refinance what is known as legacy or inherited debts.
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Buhari’s govt under attack over N2.2tn debt in one year

Civil rights groups on Friday berated the Muhammadu Buhari-led administration for incurring a N2.2tn domestic debt in the last one year. The groups, in separate interviews on Friday with Saturday PUNCH, said that there were no visible…
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CBN rejects Finance minister’s call for interest rate cut …retains benchmark rate at 14%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent. The decision to leave the rate unchanged was contrary to…
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