Naira Notes: NBA, Finance Minister Caution CBN on Deadline, Hardship In reaction to the demonetisation policy of the Central Bank of Nigeria (CBN) which directs that the old naira notes (N100, N200, N500 and N1000) will cease to be legal tender in Nigeria from February,...

Marketers Say Petrol May Hit N800/litre On Subsidy Removal   As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that the cost of the commodity would cross N800/litre once subsidy on PMS is removed. Industry operators had...

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 FGN bonds in the first quarter of the year 2023. The DMO disclosed this in its FGN Bonds issuance calendar for...

Subsidy: Fed Govt Borrowing To Import Fuel - Minister   The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of global economic recession this year,...

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 advantage of the first working day of 2023 to take the significant steps also signed the 2022 Supplementary Appropriation Bill...

Senate Summons CBN Gov, Finance Minister, Others Over N500bn Loan Disbursement   An ad-hoc committee set up by the Senate to investigate the disbursement of development funds to 36 states of the federation since 2017, has summoned the Minister of Finance, Zainab Ahmed; the Governor of...