BUSINESS
CBN Releases N120m New Notes In Katsina As Shortage Bites Harder
The Central Bank of Nigeria (CBN) said it has disbursed over N120 million of the redesigned naira notes to rural communities in Katsina state...
Removal Of Subsidy On Fuel A Strategic Decision, Will Free Up Resources For Infrastructure Devt — Tinubu
President Bola Ahmed Tinubu has said his administration took the decision to remove the subsidy on Premium Motor Spirit (PMS) because it will free...
33 Banks Now Bigger, Stronger
The recent recapitalisation exercise led by the Central Bank of Nigeria, CBN, which saw 33 deposit money banks raise an impressive N44.65 trillion, is...
The World’s Largest Food Company Nestlé Raised Its Product Prices The Most This Year
Nestlé hiked its prices by 6.5% in the first half of 2022 as it grapples with an "unprecedented" rise in costs. The world's largest food company raised its prices the most in North America — a 9.8% increase — followed by Latin America at 9.4%...
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...
MDAs Failed To Remit N1.2 Trillion – Fiscal Commission Says
The non-remittance of revenue by most ministries, departments and agencies of government to the Consolidated Revenue Funds of the Federal Government is currently N1.2tn,...
Banks To Pay N10m Fine For Using Unaccredited Cheque Printer
The Central Bank of Nigeria, CBN, has slammed a N10 million fine and withdrawal of cheques on commercial banks using unaccredited cheque printers/personaliser. The apex...
Subsidy Removal: Oil Marketers Inflicting Pains On Nigerians — APC Governors
The Governors of the ruling All Progressives Congress (APC), have accused oil marketers of inflicting pains on Nigerians after President Bola Tinubu’s pronouncement at...
Africa Must Act Fast to Plug $88bn Leak from Illicit Financial Flows
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has called for urgent action to curb the estimated $88 billion lost...
Tinubu Writes NASS, Seeks Approval For N1.77tn Fresh Loan
President Bola Tinubu has written to the National Assembly, seeking approval of a fresh N1.767tn as a new external borrowing plan in the 2024...
