BUSINESS
Tinubu In Meeting With World Bank Chief Says Audit Of CBN Commencing Soon
President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, Tinubu disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday...
We’ve Not Seen Reflection Of Uzodimma’s N40,000 Minimum Wage Increase, Imo Workers Cry Out
Imo state workers on Saturday complained that there was no increment in their salaries as promised by the Governor of the state, Hope Uzodimma. They made their feelings known in a statement issued to newsmen in Owerri and signed by the state Chairman of the Nigeria Labour Congress, NLC, Phillip Nwansi alongside other affiliate bodies. It should be recalled Uzodimma promised...
How CBN Spent N74bn In Naira Redesign, Others In 2022 — Report
It cost the Central Bank of Nigeria and its subsidiary about N74.84bn to produce and roll out currencies, including new naira notes, in 2022. Despite the scarcity of naira that plagued the country in the latter months of 2022, the CBN spent 40.42 per cent more than the N53.29bn it spent in the preceding year, to rollout currencies. According to the...
Tinubu Appoints Adedeji Acting Chairman Of FIRS
President Bola Tinubu has appointed Zacch Adedeji as the acting chairman of the Federal Inland Revenue Services (FIRS). Until his recent appointment, Adedeji was formerly the special adviser to Tinubu on revenue. He was a former Commissioner of Finance during the administration of later Governor of Oyo State, Abiola Ajimobi. Adedeji, a certified accountant who hails from the Iwo-Ate area of Ogo-Oluwa...
N87 Trillion Nigeria’s Debt Profile Alarming — CISLAC
The Civil Society Legislative Advocacy Centre (CISLAC) has raised the alarm over the county’s debt surge by 75 per cent under President Bola Ahmed Tinubu’s administration. The Executive Director of CISLAC, Auwal Ibrahim Musa (Rafsanjani), in a statement, expressed concerns over Nigeria’s startling 75 per cent surge in debt, now towering to N87 trillion. He said: “The figure represents an increase...
Beneficiaries To Get N50,000 As FG Reintroduces Tradermoni Next Month
The Federal Government will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. While the interest-free loan scheme for traders – started in 2018 – has been on hold for some time, the Minister of Humanitarian Affairs and Poverty Alleviation Mrs Betta Edu said the government is set to relaunch it. Confirming that the scheme...
Tinubu Delists FCT From TSA, Minister To Enjoy Financial Autonomy
President Bola Tinubu has made the decision to remove the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA). This was announced during a press conference held on Friday in Abuja. This strategic move is anticipated to facilitate the advancement and expansion of the FCTA under the leadership of the FCT Minister. Reports say Nyesom Wike will enjoy greater financial...
After Subsidy Removal, FG Records Over N1tn Monthly Revenue Inflow – Finance Minister
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...
Live Within Your Means, Psychologist Advises Nigerians
As the economic hardship takes a toll on Nigerians, Clinical Psychologist, Adedotun Ajiboye has advised people to live within their means. He also advised Nigerians to be their brothers’ keepers to avoid mental health issues. Ajiboye who works with the Ekiti State University Teaching Hospital, Ado Ekiti, gave this advice in an interview with the News Agency of Nigeria (NAN) in Abuja...
N-Power: Enrollees Lament Delay In Stipend`s Payment
Some enrollees of the Federal Government’s N-Power Programme on Monday decried the continuous delay of payment of their N30,000 monthly stipends. The beneficiaries who spoke to the News Agency of Nigeria (NAN) in separate interviews in Abuja said, the continued delay of payment of the thirty thousand monthly stipends is becoming worrisome. Mr Francisco Noah, a beneficiary of the N-Teach segment...
