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CBN Spends N58.6bn To Print 2.5bn Naira Notes
The Central Bank of Nigeria (CBN) spent the sum of N58.618billion to print 2.518billion Naira notes, valued at N1.063trillion in 2020. This was contained in the bank’s 2020 Currency Report…
FRC To Sanction 14 Banks Violating Loan Conditions To States
The Fiscal Responsibility Commission (FRC) has revealed that it will sanction about 14 banks and financial institutions allegedly granting loans without due process to state governments. According to NAN, Victor…
FG Scraps DPR, PEF, PPPRA For New Agencies
The Federal Government has scrapped the Department of Petroleum Resources (DPR), Petroleum Equalisation Fund Management Board (PEFB), and Petroleum Product Pricing Regulatory Agency (PPPRA). As a result, the government announced…
FG Proposes To Create 21m Jobs By 2025
The federal government says it is planning to create 21 million jobs and lift 35 million people out of poverty in its new National Development Plan (2021-2025). The new plan…
To Raise IGR, States Need To Think Like Sovereign Entities – Osinbajo
Vice President Yemi Osinbajo had tasked State Governors to think out of the box in raising their respective Internally Generated Revenues. He made the remark at the maiden edition of…
UBA Publishes Names, Account Numbers Of ‘Forex Policy Defaulters’
The United Bank of Africa (UBA) has published names and account numbers of some customers alleged to have violated the forex policy of the Central Bank of Nigeria (CBN). The…
FG Flags-Off Final Phase Of Survival Fund, Reveals What Next
The Federal Government of Nigeria has commenced the final phase of MSME Survival Fund with a total of 50,032 applicants having been pre-qualified and approved by the Steering Committee to…
BREAKING: Senate Passes Petroleum Industry Bill
The Nigeria Senate on Thursday, passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The report as passed pegged contributions to the host communities development…
BREAKING: Senate Approves $8.325bn, Euro 490m External Loans
The Senate has approved $8,325,526,537.00 and Euro 490million as part of the 2018 – 2020 external borrowing (rolling) plan of the Federal Government. Details shortly…
Nigeria’s Public Debt Hits N33.11tr -NBS
The National Bureau of Statistics (NBS) has said that the Nigeria’s debt profile hit N33.11 trillion in March, 2021. NBS said In its breakdown, it noted that N12.47 trillion, representing…
FG Commissions Locally Made Electric Car In Nigeria
Vice-President Yemi Osinbajo, on Tuesday, test-drove the first locally-assembled electric car, Hyundai Kona. It was gathered that the vehicle is a product of Stallion Motors, was first launched in November…
We’ll Transform Nigeria Into Major Gas, Industrialised Nation – Buhari
President Muhammadu Buhari has said that his administration will transfrom the country into a major gas and industrialised nation, through the recently launched Decade of Gas Initiative. Buhari disclosed this…
Abuja residents groan under AEDC’s prepaid meters fraud, auto reclosure on 33KVA
The recent rollout of mass metering by the Abuja Electricity Distribution Company (AEDC) has failed to provide the needed relief from estimated bills, and has rather compounded huge problems for…
19 political events of 2019
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Most Expensive Arts in the world
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Appointment process for top job at City Board hangs in the balance
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Nepal Cycle Society awaits approval and implementation of new cycle law in Kathmandu
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