We are Probing N89trn Stamp Duty Allegation - Emefiele   The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has described as potentially misleading the viral allegation that a whooping sum of 89 trillion naira has been collected and misappropriated as...

Fed Govt Raises 14-man Panel To End Fuel Scarcity   The Federal Government is meeting with operators in the midstream and downstream oil sector as part of measures towards developing strategic stock for Premium Motor Spirit, popularly called petrol, in key...

DMO Issues Fresh N360bn Bond   The Debt Management Office (DMO) has announced the issuance of four bonds of N90bn each. In a statement yesterday, the office said there are offers for subscription by auction and that it is authorised to receive...

CBN Disburses N114.17bn Under 100-for-100 Policy   The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this...

Stock Investors Lose N24bn As Lending Rate Rises   The Nigerian stock market on Tuesday reacted sharply to the hike in interest rate as market capitalisation swiftly fell against the gain recorded on Monday. As a result, stock investors lost N24bn as...

FG Earmarks N21bn To Modernise Railway Operations   The Federal Government has earmarked the sum of N21.09bn for railway modernisation, rehabilitation and maintenance of ongoing railway projects nationwide. An analysis of the 2023 Appropriation Act by our correspondent showed that the railway...