Forex: CBN Restates Position on Bank Usage of Revaluation Gains
The Central Bank of Nigeria (CBN) has recently restated its position on how banks are allowed to utilize their forex (FX) revaluation gains referencing a previous circular dated September 11, 2023.
The bank stated that FX...
Economic Confidential reports that Senator Godswill Akpabio-led NASS approved a total of N8.4 trillion for capital projects in the 20 federal ministries in the 2024 budget. Of this amount, 71.98% was allocated to projects that are difficult to track or have significant accountability issues.
Economic Confidential reports that Senator Godswill Akpabio-led NASS approved a total of N8.4 trillion for capital projects in the 20 federal ministries in the 2024 budget. Of this amount, 71.98% was allocated to projects that are difficult to track or have significant accountability issues.
Most of the projects are not within the statutory mandates of the respective ministries or agencies and mostly located outside the operational jurisdictions/locations of the respective organisations.
Most of the projects are not within the statutory mandates of the respective ministries or agencies and mostly located outside the operational jurisdictions/locations of the respective organisations.
Food Security: Agric Ministry Gets N100bn from CBN
The Central Bank of Nigeria, CBN, has allocated N100bn and 2.15 million bags of fertilisers to the Ministry of Agriculture, to cushion the effects of high prices of food in the country.
Governor of the apex bank, Olayemi...
