FG Targets 1.7mbpd Crude As November Output Declines   The Federal Government, on Tuesday, declared that Nigeria would meet and surpass the 2024 crude oil budget benchmark of 1.7 million barrels per barrel despite the marginal decline in oil output in November 2023. Latest figures released by...

Naira: Customers Opt For epayments As Shortage Lingers   More customers are opting for electronic means of payment as naira scarcity worsens. Some bank customers and PoS operators who spoke to our correspondent said there was an increase in the epayment transactions. A resident in Olowoira, Lagos, Chike...

CBN Suspends New Applications For Intervention Loans   The Central Bank of Nigeria (CBN) has stopped accepting new loan applications for processing under any of its existing intervention programmes and schemes. The central bank disclosed this in a circular dated December 8, 2023, and signed by its...

We Will Sell Off 40% Stake in Discos, Says BPE   The Bureau of Public Enterprises (BPE) has said that it intends to sell remaining 40 per cent shares of the government in electricity distribution companies on the capital market in 2024. It said the BPE may...

TUC Charges FG to Pay N35,000 Wage Award Immediately  The Trade Union Congress has warned the Federal Government to, with immediate, effect pay all federal civil servants their ₦35,000 wage award as agreed during a meeting that was held following the removal of fuel subsidy. The...

CBN Suspends New loans Application, Charges Banks for Recovery  The Central Bank of Nigeria, CBN, has suspended application for new loans under it’s development finance intervention funds. The apex bank announced this decision in a circular to the Chief Executives of banks, signed by Ag. Director,...