President Muhammadu Buhari has sent a N819.5 billion Supplementary Appropriation Bill for 2023 to the National Assembly. Femi Gbajabiamila, the Speaker of the House of Representatives, read the content of the cover letter on the bill to members on Wednesday. Buhari said the additional demand for the amount for next year was due to the […]
The Nigerian Institute of International Affairs (NIIA) has a crucial role to play in fully harnessing the country’s economic potential, the Drector-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has said. Jamoh made the remarks while delivering a paper at a seminar organised by the NIIA. His paper is titled: “Opportunities and […]
By Our Correspondent President Muhammadu Buhari says the $547 million generated from the 5G spectrum auction would further fuel developments in Nigeria. Buhari announced this at the inauguration of the National Shared Services Centre, on Tuesday, in Abuja. He said that the centre also houses a Cybersecurity Operations Centre, Network Centre and Call Centre. The […]
By Abdulwarees Solanke The mixed reactions that greeted the recent cash withdrawal limit policy proposal by the Central Bank of Nigeria (CBN) are understandable. This is because it hits a value system of liquid cash dependence. But it is not a new policy. About a decade ago, the Apex bank had come up with the […]
By Our Correspondent The Upper Chamber of the National Assembly, on Tuesday, postponed the hearing of the report on the Cash withdrawal policy by the committee on Banking and Financial Institutions. The Senate had last week commissioned the committee to grill the two newly re-appointed deputy governors of the Central Bank of Nigeria during their […]
Oil extended gains, on Tuesday, on supply disruptions and as COVID restrictions eased in China, the world’s largest crude importer. Brent crude futures were up 90 cents, or 1.15 per cent, to $78.89 per barrel by 1020 GMT. on the other hand, the U.S. West Texas Intermediate (WTI) crude futures gained 67 cents or 0.92 […]
By Our Correspondent Mr Godwin Emefiele says the Central Bank of Nigeria (CBN) has already disbursed new naira notes to various commercial banks. Emefiele made the declaration on Thursday, after a visit to President Muhammadu Buhari in Daura, Katsina State. He noted that banks would begin to distribute the new notes to the public […]
The Federal Inland Revenue Service (FIRS) and Civil Society Organisations (CSO) have called for deliberate measures to curb revenue leakages so as to boost tax generation in the country. They made the call at a National Tax Conference organised by International and National Civil society organisations (also known as) Tax Justice and Governance Platform in […]
By Our Correspondent The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, depreciating by 0.01 per cent. This is against the N445.80 to the dollar it exchanged on Tuesday. The open indicative rate closed at N444.25 to the dollar on Wednesday. An exchange rate of N452 to the […]
By Our Correspondent The Director-General of the Debt Management Office, Ms Patience Oniha, says Nigeria’s public debt stock is growing out of sustainability. Oniha, made the declaration at the annual conference of the Capital Market Correspondents Association of Nigeria (CAMCAN), weekend in Lagos. She said that Nigeria was now facing the risk of being unable […]