Why There Was Huge Increase In Domestic Debt – DMO
The Debt Management Office (DMO) said on Thursday that the inclusion of the N22.719tn securitised Ways and Means advances was responsible for the increase in Nigeria’s debt stock, especially the domestic stock. There were concerns by economists and analysts over the huge Ways and Means issued by the Central Bank of Nigeria, under Godwin Emefiele, to the former administration of...
Fubara Approves N100,000 Christmas Bonus For Rivers Civil Servants
Rivers State Governor, Siminalayi Fubara, has approved the sum of N100,000 for each civil servant in the State. The bonus will go to the thousands of workers in the different Ministries, Departments, And Agencies. The State Commissioner for Information and Communication, Mr. Joe Johnson said the approval was given on Tuesday for “immediate implementation to enable the civil servants to have...
FG Develops Framework For Enhancing Consumer Credit In Nigeria
The Minister of Industry Trade and Investment, Dr. Doris Uzoka Anite, said an efficient consumer credit system is a highly essential component of a successful economy, as it works to improve market efficiency and fill in gaps in consumption and productivity by providing consumers immediate access to credit and allowing them to purchase ahead of ability. The minister stated this at...
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...
Humanitarian Affairs Minister, Edu Decries Low Budgetary Allocation To Her Ministry, Says N532.5bn Can’t Fight Poverty
The Minister of Humanitarian Affairs, and Poverty Alleviation, Beta Edu, has said that the amount allocated to her ministry in the 2024 budget was not capable of fighting poverty in the country. The Minister stated this on Tuesday when she led officials of her ministry and parastalas under it, to defend her 2024 budget before the Joint National Assembly Committee...
Senate Carpets Minister For Proposing N1bn For Overseas Trips In 2024 Budget
The Senate has taken a swipe at the Minister of Trade, Industry and Investment, Doris Nkiruka-Anite for proposing to spend N1 billion on trip to Geneva in 2024, as contained in next year’s budget of the ministry, just as the minister said that the ministry has no record of the nation’s balance of trade. This was revealed, yesterday, when the...
Only A Budget Size Of N7trn Can Tackle Lagos Infrastructural Needs — Sanwo-Olu
The governor of Lagos State, Babajide Sanwo-Olu, says the state requires about a N7 trillion budget size to meet up with infrastructural and basic amenities in 2024. Sanwo-Olu spoke at the eighth Lagos Corporate Assembly, a business forum, tagged ‘BOS Meets with Business Community’, at the Lagos House in Alausa, Ikeja. The governor, however, noted that despite the uncertainty in the...
Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria(CBN) has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In a statement released on Friday titled ‘Beware of Counterfeit Naira Banknotes in Circulation,’ the apex bank advised Deposit Money Banks, Financial Houses, Bureau de Change, and the public to be vigilant and implement necessary...
COP28: Delegation Of 1,411 From Nigeria A Waste Of Resources — Obi
The 2023 presidential candidate of the Labour Party (LP), Peter Obi, on Sunday, faulted the number of Nigeria’s delegation at the COP28 Climate Summit in Dubai, the United Arab Emirates (UAE). President Bola Tinubu had on November 29, 2023 departed Abuja for Dubai for the summit expected to end December 12, 2023. In a post on X (formerly Twitter), the ex-governor...
Kano Governor, Yusuf Clears N6b Gratuity Of 5,500 Retirees
Governor Abba Kabir Yusuf of Kano State, on Saturday, commenced the payment of N6 billion gratuities and death benefits to 5,500 pensioners across the state. The governor inaugurated the payment at a grand ceremony held at the Coronation Hall, Government House in Kano on Saturday. Speaking at the event, Governor Yusuf said the gesture was part of his campaign promises aimed...
