Tuesday, February 7, 2023
Pension

PFAs Generate N266bn From Fixed Income Securities

PFAs Generate N266bn From Fixed Income Securities   The Pension Fund Administrators (PFAs) recorded N266.13bn gain from investment of pension funds in fixed-income securities in the...
Central Bank of Nigeria

Hike In Interest Rate Likely As MPC Meets Today

Hike In Interest Rate Likely As MPC Meets Today   Ahead of the two-day Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN)...
The New Naira Notes

Ahead of CBN’s Deadline, Traders, Supermarkets, Others Begin to Reject Old Naira Notes

Ahead of CBN's Deadline, Traders, Supermarkets, Others Begin to Reject Old Naira Notes Many supermarkets, eateries and petty traders have begun to reject the old...
Engr. Obadiah Simon Nkom

In Five Years, Mining Cadastre Office Generates N14.59bn

In Five Years, Mining Cadastre Office Generates N14.59bn The Director-General of Nigeria Mining Cadastre Office, Obadiah Nkom, has revealed that the agency generated N14.59billion from...

How CBN’s Cash Withdrawal Limit Policy is Promoting Acceptance of e-Naira

At the launch of the e-Naira, a lot of Nigerians were not enthusiastic about the innovation as they were skeptical about its workability in the country.

Soludo Suspends Taxes for Heavy-Duty Loading in Anambra

Soludo Suspends Taxes for Heavy-Duty Loading in Anambra The Governor of Anambra State, Prof. Chukwuma Soludo, has suspended tax payments in the transport sector for...
Director General of DMO, Patience Oniha

DMO To Raise N1.2trn Via FGN Bonds In Q1, 2023

DMO To Raise N1.2trn Via FGN Bonds In Q1, 2023   The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through...
The Nigerian Senate

National Assembly To Approve N22.7trn Debt Restructuring Tuesday

National Assembly To Approve N22.7trn Debt Restructuring Tuesday   The Senate President, Ahmad Lawan, has declared the Senate is ready to approve the N23.7tn debt restructuring...
Treasury Bills

Despite Liquidity Squeeze, CBN Raises N4.74trn From Treasury Bills

Despite Liquidity Squeeze, CBN Raises N4.74trn From Treasury Bills   Despite liquidity squeeze in the economy, the Central Bank of Nigeria (CBN) raised a total of...
Inflation Rise

Inflation Falls Slightly, Production Costs Remain High – NBS

Inflation Falls Slightly, Production Costs Remain High - NBS The National Bureau of Statistics report has indicated that Nigeria’s headline inflation fell from 21.47 per...
President Muhammadu Buhari

Fed Govt Commences Minimum Wage Review

Fed Govt Commences Minimum Wage Review   The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum...
Budget Box

2023 FGN Budget Figures Unrealistic, Not In Agreement With Budget Objectives – Dr. Uba

2023 FGN Budget Figures Unrealistic, Not In Agreement With Budget Objectives – Dr. Uba   Expenditure cuts on government consumption, transfers will ensure fiscal viability/consolidation than...
Nigerian Economy

‘Recession, Hyperinflation Likely In 2023’

'Recession, Hyperinflation Likely In 2023'   The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession...
Inflation Rise

“Rising Inflation, Unemployment Will Persist”

"Rising Inflation, Unemployment Will Persist"   A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial...

CBN Loans: Nigeria’s Debt Hit N77 Trillion – DMO

CBN Loans: Nigeria’s Debt Hit N77 Trillion - DMO Nigeria’s Debt Management Office (DMO) said that the next administration will inherit a public debt of...
Nigerian Railway Corporation

Railway Debt Servicing Gulps N246bn

Railway Debt Servicing Gulps N246bn   The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank...
Fuel Subsidy

EFCC Recovers N13bn Illegal Fuel Subsidy Payments

EFCC Recovers N13bn Illegal Fuel Subsidy Payments   The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the...
President Muhammadu Buhari

N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari

N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari   President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with...
President Muhammadu Buhari

2023 Budget: Buhari to Forward Borrowing Plan to NASS

2023 Budget: Buhari to Forward Borrowing Plan to NASS   President Muhammadu Buhari has said he will forward the comprehensive Borrowing Plan for 2023 to the...
Budget Box

JUST IN: Buhari Signs N21.83trn 2023 Budget into Law

JUST IN: Buhari Signs N21.83trn 2023 Budget into Law   President Muhammadu Buhari has signed the 2023 Budget of N21.83 trillion into law. The President who took...