Senate Passes N876bn NDDC 2023 Budget
The Senate yesterday approved the 2023 budget of the Niger Delta Development Commission (NDDC), totaling N876bn. The sum of N451…
Category: Finance
Breaking: Nigeria’s Inflation Rises to 22.22%
The Consumer Price Index (CPI), which measures the rate of change in goods and commodities, rose to 22.22 per cent…
$800m Loan: W’Bank Clears Air, Says Decision to Draw Down Facility Rests with Incoming Govt
Following the controversy surrounding President Muhammadu Buhari’s recent request for the National Assembly to approve an $800 million World Bank…
CBN Wades into Telcos, Banks’ Dispute over N120bn Debt
The Central Bank of Nigeria (CBN) yesterday, disclosed that it has waded into the current disagreement between telecoms firms and…
At Last, Buhari Seeks Senate’s Nod for Fresh $800m World Bank Loan for Poor, Vulnerable Nigerians
President Muhammadu Buhari yesterday, asked the Senate to approve a fresh $800 million loan from the World Bank to enable…
Banks Demand Tax Clearance Certificate on FX Transactions
The federal and state governments have mandated commercial banks as well as Ministries, Departments and Agencies of Government (MDAs) to…
Buhari Directs NUPRC to Take Over Supervision of All Crude Oil Export Terminals
Africa’s richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the…
At Last, Senate Approves N22.7tn CBN’s ‘Ways and Means’ Advances to FG
The Senate yesterday, approved the request of President Muhammadu Buhari to restructure the N22.7 trillion loans that the Central Bank…
CBN: 7,552 BVN on Watchlist for Fraud-related Transactions
The Central Bank of Nigeria (CBN) has revealed that 7,552 Bank Verification Numbers (BVN) have been flagged and put on …