Emefiele to NASS: No Going Back on Cash Withdrawal Limits The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said he has no plan to reverse the decision on cash withdrawal limits. Emefiele made the declaration on Thursday after a visit to President Muhammadu...

Airlines and NASS Dispute Increases Domestic Flight Prices By 100% Checking airlines' websites and Sun newspaper reports shows that Nigerian airline fares have increased by as much as 100%. Port Harcourt, Ilorin, Kebbi, Borno, Adamawa, Kano, and other northern states have seen ticket prices...

Fresh N2.34trn Loan Is For Capital Projects, Says DMO       The Debt Management Office on Tuesday said the request by President Muhammadu Buhari for the National Assembly’s approval for fresh N2.34tn loan was meant to provide funds for capital projects such as power, transport, agriculture and...

Nigeria Risks Losing 38% Deepwater Oil Output 2025 - Operators         The fiscal terms in the current Petroleum Industry Bill may lead to a 38 per cent reduction in Nigeria’s deepwater oil production in 2025, an industry group comprising international and indigenous oil firms in the...

Many Things Wrong With 2021 Budget - ACUF Boss         A development economist and Board Chairman of Amaka Chiwuike-Uba Foundation (ACUF), Dr. Chiwuike Uba, has picked holes in the 2021 budget, saying that the estimates and sectoral allocations do not align with the theme of the...

NASS Extends 2020 Capital Budget Implementation To March       The Senate on Wednesday passed an executive communication from President Muhammadu Buhari, seeking the extension of the implementation of the capital components of the 2020 budget from December 31, 2020 to March 31, 2021. Buhari, through his Minister...