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Reps Approve President Muhammadu Buhari’s N1trn Loan, Defer N22.7trn Request

Reps Approve President Muhammadu Buhari’s N1trn Loan, Defer N22.7trn Request

The House of Representatives yesterday approved the request by President Muhammadu Buhari to secure an additional N1 trillion from the Central Bank of Nigeria (CBN). The loan, according to President Buhari, will be used to fund the 2022 supplementary budget. The ...

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Make New Naira Notes Available To Nigerians, PCC Tells CBN

Make New Naira Notes Available To Nigerians, PCC Tells CBN

The Public Complaints Commission (PCC) has called on the Central Bank of Nigeria  (CBN) to up its game in making the new naira notes available to Nigerians. The PCC federal commissioner representing Ekiti State, Hon. Kayode Bamisile, who made the ...

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NANS Seeks Extension Of Deadline On Old Naira Notes

NANS Seeks Extension Of Deadline On Old Naira Notes

National Association of Nigerian Students (NANS) has called on the Central Bank of Nigeria (CBN) to extend the deadline for the exchange of old naira notes for the new notes from January 31 deadline to July 2023. NANS director of ...

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We’ll Develop Mineral Resources To Boost Economy – Makinde

We’ll Develop Mineral Resources To Boost Economy – Makinde

Oyo State Governor Seyi Makinde has said his administration will develop the abundant mineral resources in the state to boost its economy. To achieve this, the governor announced that his administration would construct Ogbooro to Agbonle, if re- elected for ...

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New Naira Notes: NASS Fumes As CBN Insists On January 31 Deadline

New Naira Notes: NASS Fumes As CBN Insists On January 31 Deadline

Against expectation, the Central Bank of Nigeria (CBN) has said the January 31, 2023 deadline for the higher denominations of old banknotes to cease to function as legal tender remains sacrosanct. Many had expected the CBN to extend the deadline ...

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FIRS Rakes In N10.1trn In 2022, Sets Highest Collection Record

FIRS Rakes In N10.1trn In 2022, Sets Highest Collection Record

The Federal Inland Revenue Service (FIRS) has set new record for revenue generating agencies of government with a record revenue generation of N10.1 trillion in the year-end 2022. That was the highest revenue from a government owned enterprise in history. ...

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Mobile Subscriptions Hit 222 Million Amidst SIM-NIN Restrictions

Mobile Subscriptions Hit 222 Million Amidst SIM-NIN Restrictions

The number of mobile subscriptions in Nigeria rose to 222.23 million in 2022 despite the implementation of the Federal Government’s National Identification Number-Subscriber Identity Module policy. At the start of the policy in April, over 72.77 million active telecommunication subscriptions ...

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CBN Takes Naira Sensitisation To Kaduna, Zamfara, Stresses Deadline

CBN Takes Naira Sensitisation To Kaduna, Zamfara, Stresses Deadline

The Central Bank of Nigeria (CBN) at the weekend in carried out sensitisation on the redesigned Naira notes to Abubakar Mahmud Gumi central market, Kaduna and Central Market in Gusau, Zamfara states, where it called and encouraged the public to ...

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Federal Govt, States, LGAs Share N990bn In January

Federal Govt, States, LGAs Share N990bn In January

The Federation Account Allocation Committee (FAAC), at its meeting yesterday, approved the sharing of N990.189 billion to the three tiers of government, as revenue from the month of December 2022. The approved amount is inclusive of gross statutory revenue, Value ...

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DSS Denies Invading CBN, As Emefiele Resumes Duty After Annual Leave

DSS Denies Invading CBN, As Emefiele Resumes Duty After Annual Leave

The Department of State Services (DSS) has denied reports that its operatives invaded the headquarters of the Central Bank of Nigeria (CBN) to arrest the governor of the apex bank, Godwin Emefiele, on Monday afternoon. In a terse statement issued ...

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