CBN Raises N277.47bn From Treasury Bills Market In January   Data collated has shown that the Central Bank of Nigeria (CBN) raised N277.47 billion through the treasury bills (TBills) market in January 2023. The apex bank carried out TBills auction twice worth...

Fed Govt Plans New Policy To Track Public Spending   As the Federal Government struggles to generate revenue and manage its rising expenditure, it plans to launch a new policy for public finance management. This policy, referred to as the Bottom-Up Cash...

Stock Market Suffers N37bn Decline   The stock market suffered N37bn decline on Tuesday following a six-day successive bullish run on the floor of the Nigerian Exchange Limited after profit-taking activity. The All-Share Index slumped by 67.98 absolute points, representing a decrease...

Fuel Pump Price To Skyrocket As Marketers Threaten Shutdown The queues for Premium Motor Spirit, popularly called petrol, grew worse on Tuesday following an earlier directive to shut down filling stations by the Independent Petroleum Marketers Association of Nigeria (IPMAN). Although...

New Naira: CBN To Withdraw POS Operators License Over High Charges   The Central Bank of Nigeria (CBN) yesterday said it would withdraw the licenses of Point of Sale (PoS) agents found culpable of inflating the charges on customers who withdraw...

FG Rakes In N3.63bn From Postal Services   The National Bureau of Statistics (NBS) said the Nigerian Postal Service raked in N3.63 billion in 2021. The collection, however, dipped by 22.79 per cent compared to the revenue that it earned the previous...