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ECONOMY
CBN Lifts Suspension on Bank Borrowing,Set Lending Rate At 31.75%
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF) and set the lending rate at 31.75 percent, following decisions made at the 296th Monetary Policy Committee…
Tinubu Appoints Two New Directors for Bank of Industry
President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala to the Bank of Industry (BOI) as Executive Director of Corporate Finance & Risk Management and Executive Director of the Large Enterprises…
Nigeria Needs Sound Financial System to Attract Investments , Budget Minister Urges NFIU
Nigeria’s Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, emphasized that Nigeria needs to attract more resources to fund its development agenda. He stated that achieving this requires the development of…
Northwest Commission Will Address infrastructure gaps, stimulate economy i
The Deputy President of the Senate, Senator Barau I Jibrin, has said that the North West Development Commission (NWDC), recently approved by President Bola Ahmed Tinubu, will address the infrastructure gaps in the seven states of…
We Are Not Owing Oil Marketers- NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has debunked a report claiming that it owes international oil traders $6.8 billion.
Responding to allegations against the company in a statement on Sunday, Chief Corporate…
FG, States, LGAs Share Whooping N1,358.075 Trillion for the Month of July
The Federation Account Allocation Committee (FAAC), at its August 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N1,358.075 Trillion to the…
REVEALED: Local Government May Receive Direct Allocation from October
Indications have emerged that the 774 local government areas in Nigeria may start receiving their monthly federal allocations directly from the Accountant General of the Federation (AGF) from October 2024.
The Supreme Court of Nigeria of…
FG Set to Engage Innoson Motors to Advance CNG Initiatives
Nigeria's President, Bola Ahmed Tinubu, recently met with Innocent Chukwuma, CEO of Innoson Motors, to further progress the nation’s Compressed Natural Gas (CNG)-powered vehicles initiative.
Following the…
#EndBadGovernance Protest: President Tinubu to Address Nigerians on Sunday
President Bola Tinubu will address the nation in a broadcast on Sunday, August 4, 2024, at 7:00 am.
In a statement released by Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, on Saturday,…
#EndBadGovernance Protest to Be Or Not to Be
As Nigeria braces for the planned nationwide protest set to commence on August 1, 2024, the digital landscape is buzzing with anticipation and fervor. The hashtag #EndBadGovernance has taken social media by storm, trending on platforms like…