President Muhammadu Buhari again came down hard on governors over what he said was their unbridled ill-treatment of the administration of resources at the local government levels, causing what he termed stunted development experienced at the third tier of government and unfair labelling of his administration at the grassroots. The President bared his mind yesterday after he delivered a speech […]
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The Federal Ministry of Finance, Budget and National Planning has made clarification on its alleged padding of the 2023 appropriation bill, particularly the sum of N206 billion it reportedly inserted into the proposed budget of the Ministry of Humanitarian Affairs, Disaster Management and Social Development. Humanitarian Affairs Minister, Sadiya Umar Farouq was alleged to have inserted N206,242,395,000 billion into its […]
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…Queues resurface in Lagos Apparently preparing Nigerians for a full deregulation regime, depot owners and some petrol marketers have again put the nation in another panic mode by hoarding available products in a push to ensure prices are adjusted to meet their operating expenses. With products hoarded, fuel queues have emerged, forcing many motorists to engage in panic-buying, just as […]
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President Muhammadu Buhari Wednesday unveiled the new notes of the three highest denominations of the Nigerian currency: N200, N500 and N1,000. The unveiling was done at the Council Chambers of the Presidential Villa, Abuja, shortly before the commencement of the Federal Executive Council meeting. Speaking at the event, the Governor of the central bank of Nigeria (CBN) Godwin Emefiele, said the […]
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• FG blames oil theft for massive borrowing • Economists prescribe securitisation for flexible repayment, urge govt to pursue growth policies • There is so much corruption in bureaucratic processes, says Utomi Barely six months to the end of President Muhammadu Buhari’s administration, the Federal Government’s total debts and other financial liabilities have reached N71.46 trillion. The figure does not include undocumented […]
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•Customs forces importers to use 846 code for non-standard chassis Importers and agents have lamented losing about N20 million to demurrage as the Vehicle Identification Number (VIN) valuation platform of the Nigeria Customs Service (NCS) at the two major vehicle importing ports in Lagos, Tin Can Island Port and the PTML Port, has been down for eight days with situation […]
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The Senate was thrown into a rowdy session Wednesday when senators began a debate on the motion on the Naira Redesign Policy of the Central Bank of Nigeria (CBN), moved by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani. Sani had, in the prayers to his motion, urged the Senate to provide legislative support […]
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The Federal Government has said that it has recorded some successes in industry, trade and investment, but still carrying the burden of ending the youth unemployment menace. At the closing ceremony of the 14th National Council on Industry, Trade and Investment (NCITI) in Bauchi State, yesterday, the Minister of Industry, Trade and Investment, Richard Adebayo, said the ministry’s initiatives and […]
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*Insists nobody will be allowed to mobilise resources and thugs to intimidate people *CBN reiterates commitment to real sector intervention President Muhammadu Buhari has declared that his government would not go back on the planned redesign of N1, 000, N500, and N200 notes by the Central Bank of Nigeria (CBN). Buhari said this Wednesday evening in London, shortly after meeting […]
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The UK on Monday announced a £95m investment in climate-resilient agriculture in Nigeria. “The Glasgow Climate Pact gave the world the tools to limit global temperature rise to 1.5 degrees and build a safe and sustainable future. Now is the time for all countries to step up their action on climate change and bring about the tangible change needed,” said […]
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