Lawmakers Pass NCC’s N559bn Budget   The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission (NCC) following the presentation by the Committee on Communications. The lawmaker representing Yobe South, Ibrahim Bomai, who laid and presented the reports, stated that the...

World Bank Says Debt Servicing Will Gulp 123% Of 2023 Revenue   The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new World Bank Lead Economist for...

Ahead of December 15 Policy, Banks Receive Redesigned Notes The Central Bank of Nigeria (CBN) has commenced the distribution of the newly redesigned naira to the banks in readiness for issuance to customers as the new policy kicks off December 15, 2022. Godwin Emefiele, CBN’s governor...

Nigeria, Others Facing Huge Debt Crisis - World Bank   The World Bank has said that Nigeria and other developing countries are facing debt crisis, noting that the situation has intensified. The World Bank Group President, David Malpass, disclosed this in a statement titled, ‘Debt-Service Payments Put...

Reps Pass NCC N553.7bn Budget     The President Muhammadu Buhari has transmitted to the House of Representatives, the proposed budget of the Federal Capital Territory for 2023. It also adopted the report of its Committee on Telecommunications on the budget of the Nigerian Communications Commission (NCC) for...

In 5yrs, CBN Spent $65bn To Stabilise Naira After spending about $65 billion to stabilise the naira within five years, the Central Bank of Nigeria (CBN) must stop depleting Nigeria’s foreign reserves on the naira stability, said an economist and consultant, Mr. Ademola Henry Adigun. Adigun...