Presidency Allocates N15bn For SUVs, Car Tyres, Office Complex in 2025 Budget   The State House has allocated N15.09 billion in the 2025 Appropriation Bill for the procurement of tyres for bulletproof vehicles, SUVs, operational vehicles, and other cars. This also include the construction of an office...

FG, World Bank Partner on $600m Rural Road Development Project   The Federal Government, in collaboration with the World Bank, has allocated $600m to rehabilitate 200,000 kilometers of rural roads under the Rural Access and Agricultural Marketing Project. Principal Information Officer at the Federal Ministry of Agriculture...

Banks Raise Withdrawal Limit to N50,000 Daily Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day. A survey conducted by our correspondent on Tuesday revealed that banks, including Guaranty Trust Bank and Zenith Bank, have increased...

FG Auditors Probe NNPCL’s N2.7trn Subsidy Refund Claim   The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government. This is as the...

CBN Raises Interest Rate to 27.50% to Combat Inflation The Central Bank of Nigeria (CBN) has increased the interest rate by 25 basis points to 27.50% to tackle the rising inflation rate, which stood at 33.87% in October 2024. This decision was made during the 298th...

Banks, Others Generated N2.7trn From Capital Market – SEC The Securities and Exchange Commission (SEC) on Monday revealed that banks and other companies raised a total sum of N2.7trn from the capital market in the first 11 months of 2024. It said the substantial sum was...