By Our Correspondent Managing Director of Nigerian Security Printing and Minting PLC (NSPM), Ahmed Halilu, has allayed the fears of some Nigerians on the quality of the new naira notes. Aliyu gave the assurance in a statement, on Friday, but made it available to The NewsZenith on Saturday. The assurance is in response to concerns […]
By Our Correspondent Moddibo Tukur, CEO of the Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawals for all federal and states accounts, effective March 1. Tukur told newsmen, on Thursday, in Abuja that it was necessary to impose the ban to curb the rate at which monies are withdrawn from public accounts. According […]
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement on Thursday in Abuja. Oniha was reacting to reports by a segment of the media that next government would inherit N77 trillion […]
The Federal Operations Unit, Zone A of the Nigeria Customs Service (NCS), on Thursday, said it lost four men to smugglers in 2022 and arrested 176 suspected smugglers. The Acting Controller of the unit, Deputy Comptroller Hussein Ejibunu, announced this at a news conference in Lagos. In the year under review, Ejibunu said the unit […]
By Our Correspondent The Federal Executive Council (FEC) has approved three Public Private Partnership (PPP) Projects for execution by the Nigerian Maritime Administration and Safety Agency (NIMASA). This is contained in a statement signed by Mrs Manji Yarling, Acting Head of Media and Publicity, Infrastructure Concession Regulatory Commission (ICRC). Yarling said the projects are under […]
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 […]