BUSINESS
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...
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...
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...
Trade Ministry, SMEDAN Plan MSMEs Academy
The Federal Government, through the Federal Ministry of Industry, Trade and Investment has begun talks with the United Nations Industrial Development Organisation to set up a formal academy to train and equip small business operators with the requisite knowledge to help their day-to-day activities and deepen their contributions to the country’s economic growth. The Ministry, the Small and Medium Enterprises...
Investigator Says Buhari’s Nephew, Not Ex-President Approved Naira Redesign
The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, has indicated that the recent naira redesign wasn’t expressly approved by former President Muhammadu Buhari. Obazee had gathered that the approval came from Buhari’s aide, Sabiu Tunde ‘Yusuf’. This was contained in the investigator’s final report tagged, ‘Report of the Special Investigation on CBN and Related Entities...
Gov. Mbah Lists Gains Expected As He Signs N521.5bn 2024 Budget Into Law
Governor of Enugu state, Peter Mbah has signed a N521.5billion Enugu State 2024 Budget into law, saying it would engender disruptive economic growth, radical infrastructural development and efficient service delivery. Mbah, who said that the Enugu State 2024 Appropriation Law, consisting N414.3billion Capital Expenditure, representing 79 per cent of the budget and N107.2 billion, representing 21 per cent of the...
Adeleke Signs N273.9bn Osun 2024 Budget In Into Law
Governor Ademola Adeleke of Osun State on Friday signed the state 2024 Appropriation Bill into law, promising to ensure its full implementation. The governor’s spokesman, Olawale Rasheed, said in a statement that the total approved budget was N273,908,997,410. Adeleke had presented the budget to the sitting of the state assembly in November. The governor said the budget, tagged: “Budget of Reconstruction and...
End Payment Of “Scandalous” Pension To Ex-Governors, Falana Urges States
Human rights lawyer, Femi Falana (SAN) has called on states to abolish pension payment to former governors, noting that Nigeria can no longer afford to pay ‘scandalous’ pension. He noted that no fewer than 20 of them are in the Senate, drawing jumbo salaries and allowances. In a statement, Falana said many state governors voted themselves humongous pension and perks. The senior...
Court Voids Passage Of Rivers Budget By Pro-Fubara Lawmakers
Justice James of the Federal High Court Abuja has nullified the N800 billion budget passed by the Edison Ehie-led group of the Rivers State House of Assembly and signed into law by the Rivers State Governor, Siminalayi Fubara. The court also upheld the suit filed by the Assembly and Speaker Martin Amaewhule, against Fubara, which sought an order of injunction...
After Repeated Complains Over Salaries, Staff Of Public Complaint Commission Lock Up Commissioner In Office
Staff of the Public Complaints Commission, on Wednesday, locked the Chief Commissioner, Abimbola Ayo Yusuf, in the office during a protest over the non-payment of the Consolidated Legislative Salary approved by the National Assembly. The action of the PCC workers in Abuja was premised on their protest to ventilate their grievances. In 2021, the Senate upgraded the salary scale of staff...
