Tinubu Removes Professional Bodies, Councils From Budget Funding The administration of President Bola Ahmed Tinubu has discontinued funding of professional bodies and councils with effect from 2026. The Director General of the Budget Office, Ben Akabueze disclosed this in a circular,...

EXPOSED: CBN, NSA Involved in $616m Dark Dealings under Buhari's Administration   The Central Bank of Nigeria (CBN) made multiple transfers totalling $616 million to the office of the National Security Adviser (NSA) between August 2016 and November 2018 in a...

How Profitable is Investment in Currency Deposit? by Babatunde Salami (Babatee)   Many investors, who have investments in Local Currency Deposit, merely invest below inflation rate of 22.42%. Therefore, they have not edged against deprecation of the Naira currency as well. Therefore,...

Report Revealed Debt Servicing Rose To N1.24trn In Q1, 2023   Nigeria’s debt servicing cost has increased by 55.71 per cent to N1.24tn in three months. According to data obtained from the Debt Management Office, between October and December 2022, Nigeria...

FOREX: Importers Groan As Customs Raise Exchange Rate To N589.45/$1   From today, June 26, 2023, importers will pay more import duty for the clearance of their cargoes at the nation’s seaports as the Central Bank of Nigeria (CBN) has increased...

FG Says Discos Failed To Remit N208bn In 2022   Power distribution companies failed to remit a total of N208.8bn to the Nigeria Electricity Supply Industry in 2022, the Federal Government has said. Figures obtained on Sunday from the latest Fourth Quarter...