The feud between the House of Representatives and the Presidency over the non-allocation to the Securities and Exchange Commission (SEC) in the 2013 budget appears to be deepening as the lawmakers have written to the President, asking that funds must not be released to the commission in any guise. The federal lawmakers demanded that no fund must be released to the regulatory agency of the Nigerian capital m ...

Investors in the Nigerian capital market should expect a revitalized stock market free of disputes and civil distress. Minister of Finance, Dr Ngozi Okonjo-Iweala said this while swearing-in a new chairman of the Investments and Securities Tribunal (IST), Dr Ngozi Chianakwalam. The Minister who inaugurated the 10-member Tribunal of the Investment and Securities Tribunal in Abuja, on Monday, declared that th ...

The FCT Police Command have discovered and defused a suspicious package addressed to  the Minister of Finance, Ngozi Okonjo-Iweala in the Federal capital Territory, Abuja. The package suspected to be a bomb was found in front of the Garki Area 10 Postal Service office. The Post Master General of the Nigeria Postal Service, Mallam Ibrahim Baba told journalists that the package, which was addressed to the Min ...

A former Governorship candidate in the 2007 elections in Anambra State, Stanley Okeke has sued President Goodluck Jonathan before an Abuja Federal High Court asking it to compel the President to remove forthwith the subsidy being paid on fuel in the country. In the suit filed through his lawyers, M.A Ebute and U.B. Eyo and dated December 21, Mr Okeke is also seeking an order compelling President Jonathan to ...

The Ministry of Finance has announced that investments under the Sovereign Wealth Fund (SWF) will commence in March 2013. The Ministry in a statement on Thursday maintained that the fund is making progress towards becoming fully operational as the strategy document which will guide its operations is ready. This is coming two months after the inauguration of the fund by President Goodluck Jonathan. The state ...

The Minister of Finance, Dr Ngozi Okonjo-Iweala has linked the recent kidnap of her mother to the handiwork of oil marketers who are yet to be verified for the fuel subsidy payments. Addressing a news conference in Abuja, Dr Iweala told reporters that her mother Professor Kamene Okonjo was categorically told that she was kidnapped because of her daughter’s refusal to pay oil marketers as well issues relatin ...

The Delta State governor, Emmanuel Udugahan on Monday said the Kidnap of Ngozi Okonjo-Iweala’s mother is ‘a kill joy’ to the state. Mr Uduaghan, who was speaking as a guest on Channels Television’s breakfast programme, Sunrise Daily, said the state was in a festive mood after emerging the winner of the just concluded 18th National Sport Festival tagged Eko 2012 until the news of the kidnap of the mother of ...

The Federal Government has granted a waiver of N22.6 billion to 84 stock broking firms in the country. The Minister of Finance, Dr Ngozi Okonjo Iweala who announced the plan at a news conference in Abuja said that the move became necessary following the debt hang-over in the capital market. The debt hang-over, she claimed has made the market non-vibrant in the past few years. Dr Iweala however warned that t ...

The federal government has established a Sinking Fund of N100 billion from which it will retire federal government bonds and to stem the rising rate of the nation's domestic debt. This is in a bid to address the growing concerns on the rise of the nation's domestic debt which currently stands at N6.35 trillion and about 15.7 per cent of the nation’s Gross Domestic Product (GDP). The Minister of Finance and ...

The Managing Director of Capital Oil and Gas, Ifeanyi Uba on Monday accused the Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala of using her position to engage in local politics. Speaking as a guest on Channels Television’s programme, Sunrise Daily, Mr Uba said the Minister is also assuming the position of a god. “She’s playing Anambra state politics with her job and reputa ...