Finance

Home BUSINESS Finance Page 3

2023: North Determines Next President, Will Be Asked To Vote Atiku – Primate Ayodele

0
You Will Win But Won’t Last Long – Primate Ayodele Tells UK PM, Sunak

Primate Elijah Ayodele of the INRI Evangelical Spiritual Church has made another revelation regarding the 2023 presidential election. He stated that the Peoples Democratic Party, PDP, presidential candidate Atiku Abubakar, would be asked to vote in the North. Primate Ayodele revealed in a statement signed by his media aide, Osho Oluwatosin, that the 2023 election will be based on ethnicity and...

Despite Improved Revenue, We Still Need More Borrowings, Edun Tells Senate 

0
FG Seeks ¥15bn Loan From Japan To Enhance Food Security

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian government needs more borrowings to fund its budget even though some Ministries, Departments and Agencies have surpassed their revenue target. Edun said this during an interactive session of the Senate Joint Committees on Finance and National Planning and Economic Affairs on the 2025-2027 Medium-Term Expenditure...

After Subsidy Removal, FG Records Over N1tn Monthly Revenue Inflow – Finance Minister

0

The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba at the opening ceremony of a four-day retreat organised for members of the Federation...

CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures

0
CBN Retains Interest Rate At 27.5%

Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated teller machines (ATMs) during the Yuletide season. According to the apex bank, the fines were imposed on the banks to demonstrate zero tolerance for cash flow disruptions. Each bank was fined ¦150 million for non-compliance, in line...

Cost-of-Living Crisis: FG Planning Cash Transfer To 20 Million Nigerians — Finance Minister 

0
FG Plans Cash Transfer For 20 Million Poor Nigerians

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the increase in Nigeria’s revenue recorded in the 2024 fiscal year is being strategically allocated to various social intervention programmes aimed at improving the living standards of citizens and addressing pressing societal needs. The minister said the social investment programme is targeted to impact 60...

Bitcoin Dips To $80K Amid Trump Policy Debate

0
Bitcoin Dips To $80K Amid Trump Policy Debate

The cryptocurrency market has seen a significant decline, with its total value dropping by 7% to around $2.77 trillion. Leading digital assets, including Bitcoin, Ethereum, and XRP, have faced significant losses as investors react to the broader economic landscape and shifting policy measures. Bitcoin, the largest cryptocurrency, has dropped considerably and is now trading at around $82,200. Despite maintaining a market dominance...

Naira Crashes To N710 Per Dollar

0
Naira Value Rises At Exchange Markets As EFCC Continues Traders’ Arrests

The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Peoples Gazette (not ABN TV) on Wednesday showed the current parallel market rate pegged at N710 to a dolla...

Finally, CBN Orders Banks To Pay, Receive Old Naira Notes

0
CBN Raises ITMO Application Fee To N10m, Restricts Banks, Fintechs From Providing Services

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...

Customs Generates N144.2bn Revenue In 10 Months 

0
We ‘ll Stick To Official Exchange Rate For Clearing Of Goods — Customs CG

The Murtala Mohammed Area Command of the Nigeria Customs Service, Thursday stated that it realised the sum of N143.2 billion revenue into the federal government coffers between January and October, 2024. Aside, the revenue the command also intercepted, 250 turtles, 23 pieces of walkie-talkies, 175 pieces of military helmet, and 50 pieces of drones allegedly being smuggled into the country...

2023 Budget: Buhari’s And Osinbajo’s Local, International Trips To Cost N3.34bn

0

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...

Latest News

Popular News Now