President Buhari Signs 2022 Appropriations Bill Of N17.127trn Into Law
President Muhammadu Buhari is currently signing the 2023 Appropriations Bill of N17.126 trillion into law. The signing ceremony is taking place at the Council Chambers, Presidential Villa, Abuja. Present at Council Chamber to witness the ceremony are the President of Senate, Dr Ahmad Lawan, the Speaker, Rt. Hon. Femi Gbajabiamila, and the Minister of Finance, Budget and National Planning, Mrs. Zainab...
Supreme Court Bans Withdrawal Limit Policy
On 3 March 2023, the Supreme Court sitting in Abuja ruled in favour of a suit brought before it by Governors. The apex court has placed a ban on the CBN's Withdrawal Limit Policy. During the Apex court's judgment, it was read that "the directive on cash withdrawal limit is an infringement on the Citizens' Human Rights. People should have...
Minister Denies Planning N1bn Overseas Trip In 2024 Budget
The Minister of Industry, Trade, and Investment, Doris Anite, has denied the allegation that the ministry budgeted over N1 billion for a foreign trip to Geneva next year. The allegation has been trending on social media. However, the minister, who debunked the allegation in a statement signed by her Special Assistant on Media, Toluwalase Moyan, noted that such reports are ‘an...
EFCC Intercepts N32.4m New Naira Notes Allegedly Meant For Vote-buying In Lagos State
The massive operation by the Economic and Financial Crimes Commission, EFCC, to deter vote trading and other financial malfeasance ahead of tomorrow's presidential and national assembly elections may have begun paying dividends with the interception in Lagos of the sum of N32, 400,000 (Thirty-two Million, Four Hundred Thousand Naira) allegedly suspected to be used for vote buying in Lagos....
FG Urges States To Comply With Payment Of N70,000 Minimum Wage
The Federal Government has appealed to state governments yet to comply with the new National Minimum Wage Act and commence paying the new N70,000 minimum wage to do so. After a meeting with President Bola Tinubu on Monday, the Secretary to the Government of the Federation, George Akume, applauded those states that have commenced paying workers the new minimum wage. Akume...
FG To Restructure FIRS, Mulls New Name
The Minister of Finance, Budget and Economic Planning, Zainab Ahmed, has disclosed plans to restructure the Federal Inland Revenue Service (FIRS). The minister while appearing before the Senate Committee on Finance said the restructuring would see the name of the service changed to the Nigeria Revenue Service. The change, which is part of the 2022 Finance Act that was passed by...
DSS Intercepts Syndicates Selling New Naira Notes, Bank Officials Implicated
The Department of State Services has detained some members of an organized syndicate selling the new Naira notes in various parts of the country. Although the names and locations of the suspects were withheld by the DSS, the agency claimed in a statement on Monday that several commercial bank employees were complicit in the crime. Dr. Peter Afunanya, the DSS's Public...
I Trained My Ears, Hands To Detect Car Faults – Blind Mechanic
Murtala Shuaibu, a blind mechanic is one of the rare persons in the world today who can cling to their aims and principles despite the fog of disability. The sight-challenged technician, who is from Agbede in Edo State's Estako West Local Government Area, has been repairing cars for almost 30 years. Many inhabitants of Tugamaji, a town on the Gwagwalada Expressway...
2023 Budget: Buhari’s And Osinbajo’s Local, International Trips To Cost N3.34bn
The Presidency has proposed the sum N3.34 billion for the local and foreign travels of President Muhammadu Buhari and Vice President Yemi Osinbajo in the 2023 appropriation bill submitted to a joint session of the National Assembly on Friday. The breakdown of N2.49bn set aside for the president’s trips has N862,076,448 for local travel and transport, while international travel and...
Finally, CBN Orders Banks To Pay, Receive Old Naira Notes
Prof Charles Soludo, Governor of Anambra State, announced on Monday that the Central Bank of Nigeria, CBN has directed commercial banks to accept and disburse old naira notes as deposits. According to ABN TV, Soludo, a former CBN governor, stated this in a statement posted on his social media accounts. He explained that the decision was issued by CBN Governor Godwin...
